TRACE’s Third Party Management System (TPMS) is a scalable and easy-to-use platform for systemizing and managing due diligence on an unlimited number of third parties. Where other software vendors charge a licensing or setup fee for access to their platform, the TPMS is available to any TRACE due diligence customer or member free of charge. Intuitively designed with the compliance officer in mind, the platform makes it easier to automate compliance activities, assess third party risk, manage due diligence reviews, monitor third party relationships and track onboarding decisions. Fully customizable, the TPMS can be set up to reflect your business structure and compliance policies.
Housed within the TPMS are other essential compliance platforms provided by TRACE.