KY3P® Assessments
Streamline Your Third Party Risk Assessments
As businesses increasingly depend on external partners for essential operations and services, risk management becomes more complex. To simplify this complexity, KY3P® Assessments offer a simplified approach to third-party risk management. Our assessments facilitate efficient processes by enabling the seamless exchange of standardized and fully validated risk data between service providers and their clients.
Our widely embraced methodology empowers businesses with enhanced visibility into their supply chain risks, allowing them to prioritize customer-centric operations. Developed by prominent global institutions, KY3P® Assessments are designed to optimize outcomes for all market participants. Benefit from our solution and confidently navigate the evolving landscape of risk management.
Key Features
Comprehensive Information
We deliver holistic information covering critical risk domains, aligned to global regulatory bodies , and executed by industry-leading subject matter experts.
Expert Service
With KY3P conducting assessments, including validation of controls, businesses can focus on managing and mitigating risk rather than data collection.
How it Works
The KY3P Methodology
The methodology covers 26 diversified control categories across 9 Risk Domains, giving you a comprehensive view of your third party’s control environment.
We have meticulously crafted our methodology to align with regulatory requirements and industry standards, ensuring that third parties adhere to global risk management best practices in crucial control domains.
By evaluating third-party compliance with these standards, we offer comprehensive insights and enable organizations to confidently navigate the intricacies of regulatory landscapes. Stay ahead of the curve by leveraging our methodology and ensuring your business operates within globally recognized risk management best practices.
KY3P Assessments Provide:
Benefits of KY3P Assessments
Globally Recognized Methodology
Using our recognized assessment methodology saves companies the hassle of updating their own, ensuring consistent, industry-standard compliance with less effort.
Efficient Assessment Access
Our consortium model improves operational efficiency and allows you to focus your high-value resources on strategizing, managing, and mitigating risk.
Easy to Consume Information
Our API service seamlessly integrates with your systems and processes, allowing you to consume our validated information in whatever way makes sense for your business.
Improved Third Party Relationships
KY3P Assessments reduce redundant supply chain risk activities - facilitating more collaborative and partnership-based relationships with third parties.
Request Follow Up
We strive to deliver a high-quality experience throughout the assessment lifecycle. Our third party success and assessment teams work to build collaborative relationships, complete with high-touch, full-service data collection and control validation processes that maintain the integrity of third party proprietary data. Complete the form to request more information.