Our business solutions
As reliance on third parties grows, so does the need to foster transparency. PwC’s Trust and Transparency Solutions team explores every angle, taking an ecosystem approach to fostering clarity so you can build trust at every turn.
Our global economy is more integrated than ever before, with businesses leveraging multiple partner and vendor relationships to realize efficiencies and cost savings, access specialized solutions and skill sets, and achieve competitive advantage. However, that advantage comes with its own risks and challenges around third-party and cloud-related data security, lengthening supply chains, and proliferating compliance requirements associated with entering new industries and geographies. In addition, companies have to ensure that their partners are fully compliant and have the necessary controls in place to safeguard sensitive data and provide peace of mind to their stakeholders. It’s critical that companies gain confidence in the controls and compliance capabilities of their suppliers, vendors, and partners, but in a complex business ecosystem, trust is a two-way street — meaning companies also need to inspire that same level of trust in their own capabilities.
Proactive risk identification to keep you a step ahead of uncertainty
PwC’s Trust and Transparency Solutions practice takes an ecosystem approach to building and maintaining mutual trust, helping identify weaknesses and interconnected risks, build better protections across your business ecosystem, and provide the rock-solid verification and assurance your company, customers, suppliers, investors, and regulators need. By bringing together industry-specific skills in technology, regulatory compliance, financial and accounting, and other business processes, the PwC Trust and Transparency Solutions teams can help you assess your third-party risk management program, with a focus on controlling costs, mitigating risk, and enhancing trust and transparency. We can make your sourcing more strategic, improving your bargaining power, achieving economies of scale, and forging more effective partnerships. And as business use of cloud services continues to grow, we can assess your cloud environment, deliver insights on aligning your business to a cloud model, provide attestations, and help you build new policies, procedures, and governance structures to safeguard your sensitive data.
Clear and comprehensive reporting to help you win like no other
Using non-financial-statement reports, including SSAE 16, agreed-upon procedures, and customized attestations, our teams can deliver strong support and robust solutions for:
In today’s business world, vendor risk management is about more than expenditure audits and SOC attestations — and so are we. PwC’s Trust and Transparency Solutions practice has the thought leadership, approach, and reporting capabilities to help you thrive on change.
A US-based IT services company with locations across the globe had seen mushrooming customer demand for third-party attestation due to Sarbanes-Oxley and similar Japanese and Canadian laws, leading it to issue hundreds of SSAE16s or equivalent reports worldwide.
What we did:
Through tight global coordination, PwC was able to help the client enhance the consistency and efficiency of its reporting process and meet expanding demands via Type II SSAE 16s, issued several times each year. The reports covered controls related to multiple delivery centers in several countries, serving hundreds of the client’s customers.