A new way for MSPs and MSSPs to deliver scalable, profitable vendor risk services
Organizations today rely on a complex web of vendors to keep their businesses running. Every new vendor introduces potential risks to security, compliance, and operations. For Managed Service Providers (MSP) and Managed Security Service Providers (MSSP), keeping up with this growing complexity has been a major challenge.
That is why Cynomi is expanding the vCISO platform with the new Third Party Risk Management (TPRM) module. Purpose-built for MSPs and MSSPs and fully embedded into the Cynomi platform, this module gives Cynomi partners a scalable, structured way to deliver vendor risk management alongside internal cybersecurity services.
With Cynomi TPRM, partners can simplify risk assessments, strengthen client trust, and open new revenue streams, all from a single platform.
Why Vendor Risk Management Matters More Than Ever
Managing vendor risk manually has long been a pain point for MSPs. Without a centralized system, assessments are often repeated across multiple clients, wasting time and creating inconsistent results. Limited visibility makes it difficult to track exposure gaps across environments, while manual scoring introduces subjectivity that impacts accuracy and trust.
As service providers add more clients, the challenge compounds. Vendor risk efforts are frequently siloed from the broader cybersecurity program, preventing a unified view of risk. Manual processes are slow and costly, raising labor expenses and reducing margins.
“Manual vendor assessments take MSPs between 7–16 hours per vendor.”
The market signals are clear. The global third-party risk management (TPRM) market is projected to nearly triple by 2030, and 44% of organizations expect to rely on managed service providers for TPRM within the next two to three years.
“The third-party risk management market is projected to grow from $7.42B to $20.59B by 2030, growing at a CAGR of 15.7% from 2024 to 2030.” – Third Party Risk Management Market Summary
Addressing vendor risk in a structured, scalable way positions partners to operate more efficiently, uncover new revenue opportunities, and strengthen long-term client relationships.
What Cynomi TPRM Delivers
Cynomi’s TPRM module is fully embedded into the vCISO platform, giving partners one unified system for both internal and vendor risk management. Built specifically for MSP and MSSP workflows, it supports multi-client environments, user roles, and reusable assessments to fit seamlessly into existing operations.
With Cynomi TPRM, security and compliance are managed in one view. Vendor records are centralized and shared across accounts, eliminating duplication and saving time. Assessments are structured and collaborative, with configurable impact scoring that reflects each client’s priorities. MSPs can send questionnaires based on industry standards, review vendor documentation, and rely on automated scoring that categorizes vendor risk by impact and likelihood, ensuring consistent, trusted results.
The module also delivers built-in risk heatmaps for clear prioritization, plus exportable reports that highlight posture, risk data, and ratings in a format clients and auditors can act on. Together, these features simplify vendor risk management, improve accuracy, and give partners actionable insights they can use to drive client conversations.
See how Cynomi TPRM streamlines vendor risk management:
As DeepSeas set out to expand its CISO advisory practice, it recognized that it needed a more efficient model to deliver services across a diverse and expanding client base.
Manual onboarding and risk discovery processes often took weeks to complete, slowing progress and making it difficult to build momentum early in client relationships.
DeepSeas works with organizations of all sizes, from early-stage startups to large enterprises. Delivering high-quality advisory services efficiently across such a diverse range was challenging without a structured and repeatable process.
Reporting was another source of friction. Executive updates and board-level reports had to be created from scratch for each client, consuming valuable consultant time and delaying important communications.
The Benefits for Partners
Cynomi TPRM delivers efficiency, profitability, and strategic value for MSPs and MSSPs. By replacing manual processes with automated workflows, partners can complete vendor assessments up to 79% faster, reducing effort from as much as 16 hours to as little as 1.5.
This efficiency drives clear profit impact. By eliminating duplication and standardizing processes, partners can improve margins and deliver vendor risk services as premium offerings. Vendor assessments also surface security gaps that naturally lead to new advisory and remediation opportunities, expanding revenue potential and deepening client relationships.
Beyond efficiency and profit, Cynomi TPRM helps partners strengthen their role as trusted advisors. By embedding vendor risk into the client’s broader cybersecurity program, partners can present a unified view of internal and external risks. Structured assessments and centralized reporting also make it easier to prepare for audits and improve results.
The result is a solution that saves time, improves margins, and builds stronger client relationships, turning vendor risk management into a clear growth opportunity.
The Future of Service Provider Cybersecurity
“With the launch of the TPRM module, Cynomi continues to expand its vision of helping partners deliver scalable, profitable cybersecurity services.
Just as the Cynomi vCISO platform simplified compliance and internal security, this new module makes vendor risk management efficient and accessible. It empowers partners to meet growing demand, reduce manual effort, and become true strategic advisors to their clients.
Cynomi uniquely enables MSPs and MSSPs to deliver comprehensive cybersecurity programs that drive growth and client value.
Ready to take the next step? Request a demo to see how Cynomi TPRM can help you cut manual work, deliver more value to clients, and grow your margins.