Securing Budget for TPRM: How to Convince Executives to Invest | UpGuard

## Executive Summary This document provides a practical guide to Third-Party Risk Management (TPRM), covering definitions, regulatory liability, a multi-step integration process with existing cybersecurity frameworks, vendor onboarding and due-diligence, qualitative and quantitative risk calculation methods, and recommended best practices; it also highlights how the UpGuard platform can automate discovery, continuous monitoring, security questionnaires, remediation planning, and reporting to reduce third-party cyber, compliance, and reputational risk.