SAFE for Cyber TPRM
TCO Calculator
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Third-Party Management Cost: 0
TPRM Team Cost: 0
TPRM Manual Effort Cost: 0
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Third-Party Management Cost
The Third-Party Management Cost represents a significant portion of your total risk management budget, calculated by multiplying the number of third parties you manage with the average cost per third-party management tool. This metric illuminates the direct financial impact of your third-party risk management (TPRM) strategy.
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TPRM Team Cost
The effectiveness of your Third-Party Risk Management (TPRM) team is pivotal in safeguarding your business from external risks. However, assembling a skilled team comes at a significant cost, influenced by the size of the team and the compensation per member. This section of our calculator breaks down these costs, highlighting the investment needed to maintain a robust TPRM team.
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TPRM Manual Effort Cost
Manual efforts in TPRM are often time-consuming and prone to errors, which can indirectly increase the costs due to inefficiencies and potential security breaches. Our TPRM Manual Effort Cost calculator quantifies the hours invested and the associated costs, providing you with a clear picture of how much manual processes are truly costing your organization. With SAFE TPRM's automated solutions, you can dramatically reduce these manual efforts, leading to significant cost savings and a more agile response framework, ensuring that your team focuses on strategic risk management activities rather than routine tasks.