Ncontracts
Reports
All Statistics
73% of large organizations with 5,001 or more employees fall into the lowest TPRM confidence tiers.
Individual TPRM professionals are responsible for 100 or more vendor relationships.
13% of the most mature TPRM programs view TPRM as little more than a compliance formality.
49% of financial institutions experienced a vendor-related cyber incident in the past year.
66% of financial institutions report feeling pressure to enhance their TPRM programs.
Nearly half of financial institutions cite auditors and regulators as primary drivers for enhancing TPRM programs.
Financial institutions using manual TPRM processes report 50% lower satisfaction with their tools.
Nearly 87% of financial institutions use TPRM software.
Financial institutions using manual TPRM processes are 71% more likely to receive exam findings.
72% of financial institutions are only partially aware of which vendors use AI, and 0% feel extremely confident managing vendor AI.
63% of TPRM programs operate with just one or two dedicated full-time employees.
13% of TPRM programs have no dedicated staff.
26% of the most mature TPRM programs report TPRM delivering high value across the organization.
67% of organizations with no TPRM processes view TPRM as little more than a compliance formality.
53% of TPRM programs manage 300 or more vendors.
10% of financial institutions still rely on spreadsheets, down from 13% in 2025.
Of the financial institutions who experienced a vendor-related cyber incident, 66% had recovery times under 60 days .
85% of financial institutions report moderate to high value from their TPRM programs.
Of the financial institutions who experienced a vendor-related cyber incident, 8% had recovery times more than 90 days .
Artificial intelligence ranks as the second-biggest TPRM risk heading into 2025 among financial institutions.
Half of financial institutions surveyed oversee 300+ vendors.
73% of financial institutions have two or fewer full-time employees managing vendor risk.