Navigating new trust challenges
As trust continues to evolve, businesses need new mechanisms to ensure confidence and drive growth.
Trust and Transparency Solutions
Building trust to maintain competitive advantage and sustain long-term growth.
In an interconnected business environment, knowing your business partners and vendors is critical to maintaining the trust and confidence of your customers and stakeholders. As your reliance on third parties grows to advance and maintain your competitive advantage, so does the need to foster trust and transparency with those organizations.
Strengthening trust and transparency across your third party relationships
Companies depend on third party service providers to host or manage financial and non-financial information. Businesses stay competitive by using multiple customer and vendor relationships and accessing specialized solutions and skills. This advantage, however, offers challenges around third party data security, proliferating regulatory and compliance requirements.
Your management, board and shareholders demand confidence in the controls and compliance capabilities of suppliers, vendors and service organizations. Service organizations must demonstrate that they have proper internal controls in place when they host or process your data.
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Trust and transparency for your business partners
Providing assurance through independent controls reporting
Companies can effectively communicate accurate information about their risk management and controls framework through a Service Organization Controls (SOC) report. Via a broad range of Assurance Reporting services (SOC 1, SOC 2 and 3, SOC 2+ and Agreed Upon Procedures), we can help you assess your control posture, with a focus on controlling costs, mitigating risk and enhancing trust and transparency.
Reaping the benefits of enhanced trust and transparency
We can help you:
- Provide the comfort and assurance your customers, suppliers, regulators and other stakeholders need.
- Prepare objective reporting that expresses an opinion about your control environment on which multiple customers and auditors can rely.
- Identify weaknesses and risks.
- Build better protections across your business.
- Minimize disruption to your business.
Your interconnected risks. Our industry focused, holistic approach.
Our trust and transparency solutions team explores every angle, fostering clarity so you can build trust at every turn.
By bringing together industry-specific skills in technology, regulatory compliance, financial and accounting and other business processes, we can help you assess your third party risk management program.
We can make your sourcing more strategic, thereby, improving your bargaining power, achieving economies of scale and forging more effective partnerships.
Research and insights
Conquering third party contract value leakage
Achieving a holistic approach to third party contracts and conquering contract value leakage through management of contract renegotiation, renewal, and exit.
The new SOC 2 privacy principle guidelines
Do you have customers that plan to audit you? Are clients asking about privacy? The SOC 2 criteria are changing-and here’s what to do about it.
HITRUST: Strengthening trust and transparency in the new health economy
Webcast replay: A look at the latest HITRUST developments and what business associates need to know
How vendors serving companies in the healthcare industry are providing third party assurance
In response to the new requirements, many healthcare payers are requiring their business associates to be HITRUST certified. This report explains why companies are choosing to follow the HITRUST CSF and the steps companies need to take to become certified.
Todd Bialick 
Kevin O’Connell
