Strengthen Vendor Oversight. Protect Your Organization.
FoxPointe Solutions helps organizations confidently manage the risks that come with third-party service providers. With vendors touching everything from daily operations to highly sensitive and regulated data, a strong Third-Party Risk Management (TPRM) program is essential to safeguarding your business.
Why Third-Party Risk Management Matters
Today’s organizations rely on a growing network of external partners—vendors, suppliers, cloud providers, and service firms. But every new partnership introduces potential business, operational, security, and compliance risks.
Despite increased awareness, only 40% of organizations report expanding their TPRM programs. As breaches and vendor-related incidents continue to rise, Boards and executive teams are demanding deeper insight and stronger controls.
FoxPointe Solutions delivers comprehensive TPRM services designed to reduce uncertainty, improve risk posture, and bring clarity to every vendor relationship throughout its entire lifecycle.
Our Three-Phase Approach to TPRM
1. Vendor Onboarding & Contracting
A streamlined onboarding process sets the foundation for strong vendor oversight.
We help you:
Establish documented policies and procedures
Secure executive buy-in and define internal ownership
Identify risk expectations and evaluation criteria
Scope services and delivery requirements
Build performance and service level standards into contracts
Invest in the right people, processes, and technology to drive the program
With structured onboarding, organizations reduce approval time, avoid hidden risks, and ensure that new vendors meet required standards before engagement begins.
2. Risk Assessments & Vendor Risk Ranking
Effective risk assessments uncover potential vulnerabilities and define the oversight each vendor requires.
FoxPointe guides you in building:
A centralized vendor inventory
Accurate vendor profiles including access levels, services, contacts, and contract details
Clear risk definitions and ranking criteria (low, moderate, high)
We help evaluate key risk domains, including: Compliance, Financial, Geographic, Operational, Resource, Replacement, Reputational, Strategic & Technical
Our process includes:
- Identifying inherent risk
- Collecting documentation to evaluate controls
- Determining required oversight and monitoring
- Reporting results to senior leadership and Boards
- Reviewing and updating risk levels over time
- Assessing fourth-party relationships that may impact your organization
3. Ongoing Monitoring & Vendor Oversight
Vendor risk evolves. Continuous monitoring ensures that vendors maintain expected security, privacy, and operational standards.
Our ongoing monitoring support includes:
Collecting vendor reporting on security metrics, vulnerabilities, and uptime
Reviewing assurance documentation (SOC 1, SOC 2, insurance certificates, penetration tests, etc.)
Tracking SLAs and key performance indicators
Updating risk questionnaires and assessments
Managing contract renewals and expirations
Validating critical security controls for sensitive data (PII, PHI)
Reviewing incident response, business continuity, and disaster recovery plans
Monitoring news and alerts for vendor-related incidents
Holding regular cadence meetings and documenting updates
When concerns or incidents arise, we help you quickly assess impact, adjust risk rankings, and determine the necessary remediation steps.
Why FoxPointe Solutions
FoxPointe Solutions, a division of The Bonadio Group, brings deep expertise in cybersecurity, compliance, and vendor governance. Our team can help you establish, enhance, or fully manage your TPRM processes, whether you need support for onboarding, assessments, monitoring, or end-to-end program management.
