The strategic guide to third-party risk management

Every organization depends on third-party vendors and partners to bring products and services to market, extend capabilities, and fuel innovation. Yet this dependence also introduces significant risk—an issue underscored by many recent, high-profile headlines. As a result, Third-Party Risk Management (TPRM) has evolved from a compliance checkbox into a cross-functional, mission-critical discipline that protects an organization’s reputation, operations, and financial performance.

This guide, written and led by OneTrust’s partner FLLR, presents five strategic principles that should underpin every TPRM program, informed by real-world deployment experience. No matter where your organization falls on the TPRM maturity curve, these insights will help you avoid common early-stage pitfalls and build a scalable, sustainable risk management framework.