Our Risk Advisory services empower businesses to navigate uncertainties with precision. We help you mitigate third-party risks, strengthen IT security and compliance, conduct forensic investigations to uncover fraud, and streamline budgeting with automation. With deep expertise in governance, compliance, and digital risk, we safeguard your operations, reputation, and financial integrity.
THIRD PARTY RISK MANAGEMENT
Vendor relationships come with inherent risks—SPNX Consulting helps you identify, assess, and mitigate them effectively. Our TPVRM framework enhances due diligence, strengthens oversight, and ensures compliance with RBI’s outsourcing regulations, protecting your organization from financial, operational, and reputational risks.
Our TPRM framework ensures vendors are assessed, onboarded, monitored, and managed effectively to mitigate financial, operational, regulatory, and cybersecurity risks:
Strong Governance & Compliance
We establish clear policies, procedures, and standards that align with the internal compliance, regulatory requirements, and operational best practices, ensuring a structured risk management process.
Data-Driven Risk Insights
Leveraging data from ERP, CRM, and billing systems, we analyze vendor risk profiles, ensuring decisions are based on real-time, actionable insights.
Comprehensive Third-Party Lifecycle Management
- Evaluation & Selection- Assessing vendors based on predefined risk and performance criteria.
- Contract & Onboarding- Ensuring vendors meet compliance and operational expectations.
- Ongoing Monitoring- Tracking performance and risk exposure throughout the engagement.
- Termination & Offboarding- Managing vendor exits smoothly while mitigating residual risks.
Risk Evaluation & Profiling
- Financial Health & Solvency
- Regulatory & Compliance Risks
- Cybersecurity & Data Privacy
- Service-Level Performance & Quality
- Operational & Workplace Safety
- Ethical & Employment Practices
Multi-Layered Monitoring
- Self-Assessments- Vendors submit compliance documentation.
- Onsite & Remote Audits- Physical and virtual assessments.
- Continuous Monitoring- Real-time tracking of vendor risks.
- Hybrid Models- Combining various assessment methods for optimal oversight.
Strategic & Oversight & Risk Metrics
Key stakeholders—including the CISO, Chief Risk Office, Supply Chain, and Business Controllers– oversee vendor performance and risk exposure. We track Key Performance Indicators (KPIs) to ensure risk management effectiveness.
Automation & Data Analytics
Our TPRM framework integrates workflow automation, risk analytics and centralized reporting, making vendor risk assessment more efficient, data-driven, and scalable.
Improved Security
Increased Time Savings
Less Redundant Work
Simpler Assessments
Easier Audits
Better Vendor Performance
Improved Customer Trust
Increased Cost Savings
Faster Vendor Onboarding
Better Reporting Capabilities
Less Risks
Less Spreadsheets
IT ASSESSMENT & ASSURANCE
Strengthen IT governance, mitigate cyber risks, and ensure compliance with SPNX IT Assessment & Assurance practice. Our expertise in certification, attestation, and risk management helps secure critical systems and data.

Application Audit

BCP/DR Review

Network/Cyber Security Audit

Vendor Audit

Cloud Security Audit
Assess
- Understand the existing policies and procedures
- Study the existing practices and tools implemented
- Interview relevant stakeholders/custodians of the policies
- Develop a work program for ITGC audits
- Study the methodology for training and awareness


Design & Construct
- Review policies for test of design
- Develop initial data request
- Conduct walkthrough
- Provide scripts for execution on the systems
- Extract the role-based access control list
- Study the network architecture/deployment architecture
Execute & report
- Conduct detailed testing of controls related to ITGC
- Execute scripts and perform script output review
- Review the deployment of architecture through discussions
- Review access control to test and development environment
- Develop report

Identifying Security Vulnerabilities
Efficient Virtualization & Consolidation Projects
Identifying Inefficiencies
Greater Risk Management
FORENSIC AND INTEGRITY
We help businesses uncover fraud, financial misconduct, and regulatory risks through comprehensive forensic investigations. Our experts handle employee fraud, corruption, anti-counterfeiting, and white-collar crimes, ensuring legally admissible findings for internal disputes, compliance, and litigation support.

IT Risk Management

Dispute Advisory & Litigation Support

Fraud Risk Assessment

Forensic Technology

Due Diligence Mystery Shopping

Asset Tracing
How we prevent fraud, ensuring compliance, and strengthening vendor accountability:
Fraud, Pilferage & Corruption Allegations
The Risk:
Unauthorized loss of company assets, bribery, or financial misconduct that can cause financial and reputational harm.
Our Approach:
We help businesses identify vulnerabilities, strengthen internal controls, and ensure compliance to mitigate financial and regulatory risks.
Conflict of Interest
The Risk:
Undisclosed relationships and personal financial interests can influence business decisions, leading to ethical and legal concerns.
Our Approach:
We assist in enhancing governance frameworks, implementing risk assessments, and ensuring transparency to prevent conflicts and maintain business integrity.
Vendor Favoritism & Fraud
The Risk:
Procurement fraud, overbilling, and unauthorized payments can result in significant financial and operational risks.
Our Approach:
We help you in strengthening vendor oversight, implement fraud prevention controls, and ensure ethical procurement practices.
BUDGETING AND MIS AUTOMATION
Take your budget process to a new level of speed, efficiency, and flexibility. Our Budgeting Automation Management Solution simplifies the process of building and updating the budget. It gives you the power to make budgeting an ongoing process to better inform critical business decisions—without straining your finance team.
- Data Collection & Trend Analysis
- Automated Budget Preparation
- Approval & Review Workflow
- Logic Testing for Accuracy
- ERP System Integration
- BAMS Dashboards for Financial Reporting
- Live KPI Tracking & Compliance Monitoring
- AI-Powered Forecasting & Scenario Planning
- Continuous Testing & System Maintenance
- Real-Time Insight into Your Data
- Flexible Forecasting
- Data-Collection and Centralization
- One-Click Closures and Reports
- Improved Transparency
- Efficient Reporting
- Fewer Costly Errors
- To Limit Expenditures
We simplify financial decision-making with automated reports and interactive dashboards. Our tools provide real-time insights into
budget performance, variance analysis, and forecasting.
- Budget vs actual analysis report
- Budgeting variance analysis report
- Budgeting forecasting report
- Profit & Loss monthly/quarterly variance report
- Consolidating Year-to-Date Profit & Loss Report
- Budget KPI Report
- Budget revision analysis report
- Miscellaneous exceptional report