Third-party risk shouldn't go stale between reviews. Foundation keeps the picture current, and cited.
Most third-party risk lives in point-in-time questionnaires and spreadsheets that are out of date the day they are filed. Foundation reads across your vendor records, contracts, and evidence and gives you a current view of exposure across your tiers, the critical vendors first, each finding cited to its source, nothing changed without your sign-off.
For risk teams accountable for vendors they can't watch continuously
Chief risk officers, vendor and third-party risk teams, and the compliance functions behind them, at banks and credit unions where the vendor list grew faster than the team. If a concentration or a lapsed control has to be defensible to an examiner, this is built for you.
Point-in-time risk is stale the day it is filed
Questionnaires and evidence capture a vendor on the day they are collected. Between reviews the risk moves, and no one sees it. The annual cycle is not going away; your examiner expects it. What is missing is everything that happens between the cycles.
The picture is always out of date
The SOC 2 that expired in March, the insurance certificate nobody re-collected, the contract clause that no longer matches how the vendor is actually used: it sits in your own files, unnoticed until the next review cycle.
Concentration and fourth parties hide
Your real exposure isn't one vendor; it's the ones many vendors quietly depend on. That fourth-party concentration is exactly what a spreadsheet of first-party questionnaires can't show.
Evidence you can't trace is evidence you can't defend
When an examiner asks how you know a control is in place, 'a vendor said so on a form' isn't an answer. Findings need a source you can open.
How Foundation keeps third-party risk current
Not another questionnaire tool. A layer that reads what you already hold and keeps the risk picture live, cited, and governed.
Same four steps everywhere Foundation runs. Only the domain changes.
What a live third-party view gets you
Answers ready when the exam request arrives
Every finding cites its source, retrievable with who asked, what ran, and which record, in minutes instead of a two-week scramble. What we retain, and how we delete it, is itemized on our trust page.
Concentration you can finally see
Fourth-party dependencies, concentration, and inconsistent tiering surface from the records you already hold, ready for board and committee reporting, not a new data-collection project.
Named on both sides
Your access is governed, and so is ours. Trucast's own access to your environment is a named, scoped, logged seat, not hidden admin: you see who we are, what we can read, and every action we take.
A clean exit
Read access is a credential you revoke in one click. Nothing changed in your systems except what your people approved, each change logged.
See your third-party risk, read live
The fastest way to see the difference is to watch Foundation read a stand-in of your vendor estate and cite each finding, built on representative data, not your live records. You operate it before either side commits, priced up front.