Vendor Diligence and Management

Third-party risk management (TPRM) and vendor due diligence

Third-party risk management (TPRM) is the process of monitoring, validating, and remediating risks presented by third-party vendors. TPRM helps ensure your vendors protect your data, comply with regulations, and provide sustainable services that meet your requirements. However, vendor risk management can be a costly and time-consuming task. Our vendor management outsourcing service (VMOS) allows your company to offload the vendor due diligence and risk assessment process. Unlike other risk management solutions and vendor management software providers, ACA's VMOS will help your company save valuable time and resources in order to focus on more strategic tasks.

Our solutions

Vendor Due Diligence

Our team administers due diligence questionnaires (DDQs), ensures vendors reply in a timely manner, and provides vendor support.

 

Analysis

Our team analyzes DDQ responses, evidence, and audits to identify vendor risks.

 

Reporting

You can track vendor diligence progress and view findings in our vendor management software platform.

Additional Advisory Services
  • On-site validation
  • On-site vendor due diligence
  • TPRM program development
  • Vendor risk ranking

 

GDPR Vendor Diligence

We can help determine if your vendors are compliant with GDPR requirements, working towards compliance, or have not considered the implications of GDPR. Our vendor management platform includes a GDPR-specific due diligence questionnaire that can be administered as a standalone questionnaire at a reduced rate, or as part of the standard ACA Aponix vendor DDQ.

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Solution Spotlight

Our Vendor Management Software

Our vendor management software allows you to track DDQ progress and vendor risk assessment results. Key features include:

  • Vendor Risk Dashboard — View key metrics (e.g., vendors diligenced, progress of diligence reviews, and vendor comments)
  • Vendor Registry — View vendor data in centralized location (e.g., product lines, type of diligence performed, and contracts)
  • Vendor Risk Matrix — View all risks identified (e.g., ratings, issues), vendor communication, and mitigation/remediation activities
  • Questionnaire Status — Track the completion status of vendor DDQs and on-site reports

Why work with us?

Dedicated Team Of InfoSec Risk Analysts

Our vendor risk assessments are developed and managed by a team of information security risk analysts in ACA’s centralized, cost-effective analysis and review center (the ARC) in Pittsburgh, PA. The ARC’s dedicated VMOS team is overseen by an experienced vendor risk specialist and includes former senior managers in risk management, insider threat specialists, and data security officers from various industries, including financial services, banking, and healthcare. Over 750 clients and 2,000 vendors have chosen ACA to manage their vendor management process and mitigate third party risks.  
 

Our Vendor Risk Assessments

Our tailored, proprietary vendor due diligence questionnaires (DDQ) include over 300 questions and are customized for each vendor type to provide an accurate assessment of possible risks. Topics include:

  • General Data Protection Regulation (GDPR) compliance
  • Cyber awareness training
  • Governance
  • Physical and environmental security
  • Network security, infrastructure, and operations
  • Organizational overview and structure
  • Financials
  • Legal and compliance
  • Vendor management and oversight
  • Change management
  • Cloud services
  • Access controls
  • Mobile device management
  • Resiliency
  • Asset management
  • Data loss prevention

Why ACA?

Clients

750+

Vendors diligenced

2,500+

Latest Insights

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Michael Borts joins ACA Group as the new Chief Technology Officer

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Regulatory filing submission deadlines for the SEC, CFTC/NFA, and FCA/ESMA occurring from October through December 2021.

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Michael Borts joins ACA Group as the new Chief Technology Officer

Michael Borts has joined the firm as Chief Technology Officer (CTO) to lead ACA’s technology development, vision, and strategy. In his role, he will oversee all product development for ACA’s award-winning ComplianceAlpha® regulatory technology platform and technology enablement at the firm.

ACA Group Acquires Catelas to Create Industry-first 360 Surveillance Offering

The acquisition of Catelas further enhances the holistic surveillance capabilities of ACA’s RegTech platform. Catelas’ patented technology automates the mapping of how people connect and form groups within a firm, isolates collusion risk, and detects high-risk behaviors.

ACA Group and the Investment Adviser Association Announce Strategic Partnership

ACA Group (ACA), a leading provider of governance, risk, and compliance (GRC) advisory services and technology solutions, today announced that it has entered into a strategic partnership with the Investment Adviser Association (IAA), a leading organization dedicated to advancing the interests of investment advisers.

Upcoming events

Lessons Learned from 2021's Scariest Cyber Breaches

The dramatic increase in sophistication and global reach of cyber incidents in 2021 has led cybersecurity to be a growing concern for organizations of all sizes. Join us for the horrifying retelling of the scariest cyber incidents of the past year.

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Get Ready to Comply: SEC Marketing Rule Preparation Timeline

The compliance date for the SEC's New Marketing Rule is November 4, 2022. With 1 year to go, ACA’s team of experts have put together a suggested preparation timeline guide to help firms prepare to implement the changes necessary to comply.

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