Third-Party Supplier
Risk Management

Third Party Supplier
Risk Management

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Leave your vendor risk assessments to us, so you can focus on what matters

We are dedicated to safeguarding you from the risk of outsourced payroll processing and service failure. We handle everything from risk assessments, onboarding vendors, and continuous monitoring to identify changes in operation which can potentially introduce threats. We also track remediations that mitigate the threats. We do the hard work for your third-party service providers and then provide up to date information you need to focus on vendor strategy and your overall risk reduction.

TRUST P3 AUDIT TO PROTECT YOUR BUSINESS

Why our Risk Management will work for you

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Risk can be a source of competitive advantage. By managing risk more effectively you can unleash you full potential, creating and protecting value for all of your stakeholders.

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Focus your teams efforts on vendor risk management strategy as part of your business continuity program , not on collecting vendor evidence.

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Leverage third-party domain expertise and gain comprehensive visibility into risk remediation efforts.

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Realize a faster time-to-value from your risk reduction.
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HOW CAN WE HELP YOU SECURE YOUR BUSINESS

Why P3 Audit is your trusted partner

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You will take control

Simplify the vendor management lifecycle from onboarding to offboarding. Integrate your vendor into your organisation and business continuity program.

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Reduce cost

Contract reviews allow you to identify redundant SLA’s relating to technology and process no longer in service, and negotiate new, safer and more favourable terms.

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World-wide reach

Global Payroll means a spread of employee populations across far reaching geographies, including many emerging markets where data and process, and vendors needs extra care.

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Third Party Regulatory Compliance

Ensure your third-party payroll provider has the relevant ISO and Data Security/Privacy certifications tested and in place to protect you, your employees and your business continuity program.

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Best of breed technology

Have P3 Audit use your Third-Party Risk Management platform or the P3 managed service platform to manage, test, analyse and report to ensure trust and confidence in Third-Party point in time risk assurance

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Reduce cost

P3 has deep domain knowledge of payrolls that are managed by in-country third-party providers and global aggregators. We focus on managing key areas of risk, often overlooked by generalist audit practitioners.

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DON'T MISS THIS GREAT OFFER

Download your free TPRM templates and checklists here

Paying employees worldwide will mean compliance with the European Union’s General Data Protection Regulation (GDPR) is a legally-mandated must. Managing Third-Party Vendors and the increased risk to your business continuity will mean you not only need to, but will want to be on top of external risks to give you peace of mind.

P3 appreciate that managing third-party risk can be both a grind and costly if not managed expertly to be effective and efficient.

P3 offers free guidelines and checklists for those who want to manage the process themselves. We can also offer a support desk for those who simply need guidance, and a fully managed service for those organisations that need it.
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LET P3 AUDIT ADVISE YOU

3 key facts about our service you should consider

01.

Assured regulatory compliance: investing and securing certification often builds a strong foundation for business continuity. Do not outsource business critical functions such as payroll to unregulated vendors

02.

Assured that third-party business continuity investments are tested to support your own business continuity program

03.

By managing third-party risk you build resilience against the threat of disruption and then able to use risk to your advantage

Testing Business Compliance, Building Business Resilience

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