Kyriba: Scaling with Efficiency & Transparency

TPRM Transformation

Kyriba’s Third-Party Risk Management (TPRM) program was ready to evolve beyond manual processes, dispersed data sources, and broad risk scoring. With a nimble team using custom forms and spreadsheets, there was an opportunity to streamline data collection, expedite leadership reporting, and better highlight the program’s business impact. With the support of SAFE’s autonomous TPRM platform powered by agentic AI, Kyriba modernized its approach, introducing automation, transparency, and richer business context while adhering to the company’s stringent security, privacy, and compliance standards.

The Challenges

• A Need to Scale: Kyriba’s TPRM team saw a clear opportunity to evolve from manual assessments to more efficient processes in a high-growth environment.
• Generic Risk Scoring: Assessments were broad and control-focused, the team was ready to enrich business context and deepen insights into business impact.
• Legacy Methodology:  A legacy scoring model was not meeting current demands,nor keeping pace with security and compliance needs.
• Limited Prioritization: While risks were being assessed, the team lacked a clear, data-driven way to focus efforts on vendors with the greatest potential impact.
• Time-Intensive Reviews: Assessments and follow-ups required substantial manual effort, creating an opportunity to streamline workflows and accelerate decision-making.

Why SAFE?

Kyriba chose SAFE’s autonomous TPRM platform to strengthen and complete its risk-based approach to third-party management. Unlike traditional tools, SAFE is the only TPRM solution purpose-built on FAIR’s open frameworks, ensuring transparency and defensibility in every decision. SAFE’s flat pricing model meant Kyriba could assess their entire vendor ecosystem without significant added resources. Most importantly, SAFE matched Kyriba’s needs for clear visibility into high-risk vendors, smart prioritization tied to business impact, and the SAFE Score that quantifies potential loss and brings risk into a language leadership could act on.

The Moment Of Truth

With SAFE TPRM, Kyriba seamlessly migrated all third parties and documentation into one unified platform. AI-driven automation and an intuitive interface enabled fast vendor tiering by business criticality, adding structure and efficiency. Kyriba could proactively identify and prioritize high-risk vendors, respond faster to emerging threats, and strengthen its overall third-party risk management strategy.

The SAFE Solution

• Agentic AI-Powered Autonomous Solution: SAFE automates the TPRM lifecycle, enabling Kyriba’s team to focus on strategic risk reduction and higher-value reviews.
• Built on Internationally Trusted Open Standards: Purpose-built on FAIR, MITRE ATT&CK, NIST CSF, and STIX, SAFE brings defensibility and transparency to every risk decision.
• Business Context and Risk-Driven: By correlating vendor controls data with Kyriba’s business context, SAFE enables a true risk-based approach to TPRM.
• Smarter Prioritization: SAFE tiers vendors based on real-time risk exposure and business criticality, helping the team focus effort where it matters most.
• Continuous Monitoring: Agentic AI-driven workflows automate follow-ups and escalation, ensuring timely oversight and consistent visibility.

ROI of SAFE TPRM

After adopting SAFE TPRM, Kyriba onboarded 290+ vendors in under a week.

• 72% of vendors matched to existing SOC 2 reports autonomously.
• Moved from a pay-per-vendor model to assessing 100% of their third-party ecosystem with SAFE’s flat pricing.
  
• Scaled their TPRM program without additional budget with the help of SAFE’s autonomous approach.