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Explore the Amazon Business IntegrationStandardize how your team handles every third-party assessment. The template ships with 6 stages, 8 fields and 4 automations you can adjust in minutes.
Quick answer
The Third-Party Risk Management template is a pre-built compliance & risk workflow used to run a proportionate, repeatable risk process across the whole third-party population. It runs across 6 stages, from assessment initiated to approved and monitored, captures 8 standard fields including third party and controls assessed, and applies 4 automations so routing, checks and record-keeping happen without manual chasing.
The Third-Party Risk Management template turns an informal process into a structured one. Instead of tracking each third-party assessment across email, spreadsheets and chat, every request enters one workflow with 8 fields captured at submission, 6 stages that make the current status obvious, and approval routing that reaches the compliance officer automatically. risk managers get a single view of what is open, what is waiting and what is closed. The template is built for compliance teams in financial services and connects to ServiceNow and SharePoint, so records stay aligned with the systems finance already relies on.
The problem it solves. Third-party risk is assessed at onboarding and never revisited, so the risk picture ages badly. Putting the process in Zapro means the information is captured once and stays current for everyone who needs it.
Every third-party assessment follows the same 6 stages, so anyone can see where a record is without asking. Stages, owners and exit conditions are configurable if your policy differs.
The third-party assessment is triggered at onboarding, at renewal, or whenever the risk tier of the relationship changes.
The right questionnaire is issued based on category, data access and spend, so low-risk suppliers are not over-assessed.
Certificates, policies and responses are reviewed against the control set and stored against the vendor record.
Scores are calculated per domain and rolled into a single tier that everyone reads the same way.
Findings get owners, due dates and agreed controls rather than sitting in a closed report.
The compliance officer approves the residual risk and Zapro schedules the next review automatically.
These 8 fields are pre-configured on the intake form. Mandatory rules, picklists and validation are already applied, so a third-party assessment cannot progress with gaps in it.
It triggers the moment the condition is met, so nothing waits on someone noticing it first.
This runs as a built-in rule, which removes the follow-up chasing that usually surrounds it.
Zapro applies this to every third-party assessment as it enters the workflow, so nobody has to remember to do it.
Configured once during setup, then enforced consistently on every record without further effort.
| Aspect | Manual process | With the Zapro template |
|---|---|---|
| Third-party assessment handling | Third-party risk is assessed at onboarding and never revisited, so the risk picture ages badly | One workflow that helps you run a proportionate, repeatable risk process across the whole third-party population |
| Audit readiness | Evidence reassembled from mailboxes at audit time | Complete trail generated as the work happens |
| Cycle time | Depends on who is chasing this week | Predictable, with reminders and escalation built in |
| Status visibility | Chase people on email or Slack to find out where it is | Live status on every record, visible to requester and approver |
| Approvals | Forwarded emails with no record of who approved what | Rules-based routing with a time-stamped approval trail |
This template is designed to run alongside your finance and operations stack rather than beside it, so records stay consistent in both places.
The Zapro product page behind this template and everything it connects to.
How Zapro protects procurement and supplier data.
Centralised vendor records, documents and compliance status.
It is a pre-built compliance & risk workflow in Zapro that lets compliance teams run a proportionate, repeatable risk process across the whole third-party population. Each third-party assessment is captured on an 8-field form, moves through 6 stages with a named owner at each step, and is supported by 4 automations covering routing, validation and record updates.
Most teams have it running in about 15 minutes. The stages, fields and automations are already configured, so setup is mainly adjusting approval thresholds, field labels and owner assignments to match your own policy.
Primarily risk managers, working with compliance officers and legal counsel. It is most commonly used by compliance teams in financial services, though the workflow itself is not sector-specific.
Yes. Questionnaire length and evidence requirements are driven by risk tier, so low-risk suppliers are not put through an enterprise-grade assessment.
Yes. Zapro schedules the next assessment based on tier and last review date, and raises it without anyone tracking dates manually.
Zapro ships with this template plus the rest of the procurement and vendor management suite. Start with the third-party assessment process and expand into sourcing, contracts, invoices and spend when you are ready.
