Three Key Elements to Unlock a Seamless, Stress-Free, and Leadership-Worthy Third-Party Risk Management (TPRM) Program

Managing third-party risks is critical in today’s fast-paced business environment—but it shouldn’t take over your entire day. Imagine a solution that not only streamlines compliance but also makes your day-to-day responsibilities easier, all while positioning you as a trusted expert in front of your leadership.

At S&P Global, we’ve designed our TPRM approach with you in mind. By focusing on Clarity, Innovation, and Adaptability, we simplify compliance, freeing you up to focus on what matters most—and making you the go-to professional in your organization.

1. Clarity: Simplify Compliance, Streamline Your Day

Compliance shouldn’t be frustrating or time-consuming. With intuitive workflows and straightforward configurations, our solution empowers you to make confident decisions – daily.

• For you: Spend less time deciphering complex processes and more time focusing on other priorities.
• For your leadership: Deliver consistent, reliable results that enhance your team’s confidence in you.

2. Innovation: Work Smarter, Not Harder

You shouldn’t have to spend hours chasing third-party data or navigating inefficiencies. Our innovative platform automates tedious tasks, streamlines collaboration, and provides actionable insights that make your workday easier. Our managed service enables you to focus on core business activities whilst we manage the TPRM process.

• For you: Free up your time for higher-impact initiatives, knowing routine tasks are handled.
• For your leadership: Showcase your ability to drive progress and unlock growth opportunities.

3. Adaptability: Stay Ahead Without Extra Effort

Regulations are constantly changing, but adapting to them doesn’t have to be a burden. Our platform evolves with you, preparing you for what’s next—without the stress of figuring it out alone.

• For you: Maintain compliance with ease, even as requirements shift.
• For your leadership: Demonstrate agility and foresight that earn their trust and respect.

Our Approach: Simplified for Your Success

At S&P Global, we’ve reimagined TPRM to make your life easier while helping you deliver impressive results. Our KY3P® configurations and managed services are built to save you time, reduce complexity, and empower you to focus on what matters most.

Why Our Solution Works for You

• Clarity That Eases Your Workload
  Straightforward configurations eliminate guesswork, allowing you to complete tasks quickly and efficiently.
• Quick, Hassle-Free Implementation
  Get started fast with solutions designed for immediate adoption. You’ll be up and running in no time, reducing onboarding stress.
• Compliance Made Effortless
  Enhanced residual risk scoring and clear insights help simplify navigating regulations so you can focus on your broader goals.
• Reduced Cost and Access to TPRM talent
  Access a talent pool with extensive experience in TPRM delivery, reducing operational costs and avoiding the challenges of recruiting a team in a market facing a skills shortage.
• Tailored for Your Region and Needs
  From AMER to APAC, our platform meets your local requirements while supporting global standards, ensuring you’re always covered.

Customer Success Story: Simplifying TPRM with KY3P

When a mid-sized financial institution in the US sought a way to streamline their third-party risk management process, they turned to S&P Global’s KY3P platform for a solution that would deliver efficiency and simplicity. Their goal was clear: to get up and running quickly without extensive customizations, allowing them to focus on their core operations.

The Challenge
The client needed a scalable TPRM solution to address their onboarding and due diligence requirements without bogging down their team with lengthy setup times or complex configurations. They wanted a tool that was ready to use, intuitive, and aligned with industry best practices.

The Solution
We started the project on November 21, 2024, leveraging KY3P’s Onboarding Accelerator Configurations—predefined templates designed to make implementation fast and efficient. The client adopted a streamlined five-question Initial Risk Questionnaire (IRQ) and used KY3P’s out-of-the-box setup with only minor adjustments.

For due diligence, their questionnaire was brief—fewer than 30 questions—and overlapped significantly with KY3P’s prebuilt configuration, further reducing complexity. The client avoided unnecessary customizations by focusing on KY3P’s core offering and maximizing the platform’s built-in capabilities.

The Results
The client went live on December 10, 2024, just 19 days after the kickoff call—a testament to KY3P's simplicity and efficiency. The streamlined process empowered their team to begin onboarding third parties almost immediately, saving valuable time and resources.

Key Benefits Realized:

• Speed: Rapid implementation allowed the client to achieve operational readiness in under three weeks.
• Simplicity: Minimal customizations ensured a smooth setup process and avoided unnecessary complications.
• Efficiency: Overlapping due diligence content reduced redundancy, saving time for both the client and their third parties.
• Alignment: By utilizing KY3P as designed, the client experienced the full potential of the platform’s capabilities, achieving compliance and operational excellence without extra effort.

Take Control of Your Day—and Your Career
When you choose S&P Global, you’re not just choosing a TPRM platform—you’re choosing a solution that not only simplifies compliance but also lightens your workload and helps you stand out. You’ll spend less time navigating risk management and more time driving meaningful impact for your organization.

Ready to transform your approach to third-party risk management?
Learn more about our services or connect with a KY3P expert today. Together, we’ll simplify compliance, free up your time, and position you as a trusted leader in your organization.