Ncontracts Launches Enhanced TPRM Control Assessments to Transform Third-Party Risk Management

BRENTWOOD, Tenn.--(BUSINESS WIRE)--Ncontracts, the leading provider of integrated compliance, risk, and third-party risk management solutions for the financial services industry, is proud to announce the launch of its updated Third-Party Risk Management (TPRM) Control Assessments. This innovative solution is designed to simplify and elevate the due diligence process by providing in-depth, risk-based evaluations of vendor safeguards, ensuring organizations can confidently maintain secure and responsible vendor partnerships.

“Our updated TPRM Control Assessments go far beyond basic evaluations or summaries,” said Michael Berman, Founder and CEO of Ncontracts. “They deliver a detailed, expert-validated, risk-based review of a vendor’s control framework, ensuring compliance with regulatory requirements and adherence to industry best practices. By uncovering vulnerabilities and providing clear recommendations, we equip organizations with the insights they need to enhance their third-party risk management strategies and protect their operations."

Addressing the most time-consuming challenges in vendor risk management, Ncontracts’ TPRM Control Assessments replace tedious document collection and review with a streamlined process, saving organizations hundreds of work hours. This comprehensive solution analyzes critical areas of risk, including information security, financial health, compliance, and more, providing actionable insights that enable better decision-making and stronger vendor oversight.

Vendor risk management frustrations are widespread. According to the 2025 Venminder State of Third-Party Risk Management Survey, nearly half (45%) of organizations rank obtaining timely, accurate documentation from vendors among their top three challenges — while another 20% cite analyzing detailed reports, such as SOC reports, financial statements, and contracts, as a significant burden. These complexities create significant bottlenecks, strain resources, and can increase operational risk.

Recognizing these pain points, Ncontracts has designed its TPRM Control Assessments to integrate expert-driven evaluation with an easy-to-use process, allowing businesses to outsource time-intensive tasks. By leveraging Ncontracts’ subject matter experts, organizations can reduce costs, free up internal resources, and focus on more strategic initiatives.

“Our TPRM Control Assessments blend an inside-out review of due diligence documentation with an outside-in perspective powered by vendor monitoring data,” said Brayden Smith, SVP of TPRM Solutions at Ncontracts. “This dual-focus approach helps customers uncover cybersecurity risks, assess financial health, and identify gaps early—before they disrupt business operations or impact customer trust. It’s about staying proactive and turning vendor risk into a competitive advantage.”

The updated TPRM Control Assessments reaffirm Ncontracts’ commitment to delivering cutting-edge solutions that drive efficiency, reduce frustration, and transform how financial institutions manage third-party risk. By combining people, process, and advanced technology, Ncontracts empowers its clients to tackle vendor risk challenges with confidence while protecting their business operations and reputation.

To learn more about Ncontracts’ TPRM Control Assessments and explore how this solution can transform your third-party risk management process, please visit www.ncontracts.com.

About Ncontracts

Ncontracts provides integrated risk management, compliance, and third-party risk management solutions to over 5,000 organizations worldwide, including 4,000 U.S. financial institutions, mortgage companies, and fintechs. The flagship Ncontracts IRM suite combines AI-powered software with expert services, helping financial organizations streamline risk and compliance management through an intuitive, cloud-based platform. Ncontracts’ Venminder solution is trusted by enterprise financial companies and other large organizations to strategically manage third-party risk across the entire vendor lifecycle. Visit www.ncontracts.com or follow the company on LinkedIn and X for more information.