Contrata third-party risk management for Australian teams

01 · The scale of the problem

Time spent chasing is time lost to risk.

The same pressures run through every provider review. Contrata brings the work into one connected workflow.

02 · CPS 230 challenges

Can you demonstrate control over your providers?

01

Ongoing oversight

Show what was reviewed and what changed.

Monitor provider signals and report from documented assessments.

02

Critical dependencies

Understand providers and relevant subcontractors.

Collect dependency information in assessments and explore connected records.

03

Defensible due diligence

Keep evidence linked to assessments and decisions.

Draft from source documents, review the evidence and retain the decision history.

03 · See the work happen

One place to assess, monitor and manage third-party risk.

Your assistant handles the follow-ups and preparation. Your team reviews the evidence and makes the decisions.

Get answers you can review.

Draft answers from uploaded evidence, inspect the sources and route the response for human review.

Illustrative product animations using fictional companies, people and records.

Connected by risk memory

Sources, changes and feedback carry into future work, helping AI apply your organisation's context and flag contradictions for review.

04 · Make the benefit tangible

Estimate your potential value.

See the potential value of recovered staff time, faster supplier onboarding and stronger risk oversight.

01 · Your organisation

Material providers default to 20% of your portfolio until edited. Start with the illustration, then refine the assumptions below.

Shared staff cost and adoption assumptions

Adoption scales capacity, onboarding, external cost avoidance and, unless overridden, risk improvement. The 100% default is an illustrative assumption, not a forecast.

Default staff-cost source, opens in a new tab
02 · Operational workload

Keep net minutes released separate from the human review that remains. Changing provider count scales activity volumes and preserves edited task times.

Assessments
Provider reviews
Assessment preparation
Engagement
Email replies
Email follow-ups
App updates
Internal coordination

Email totals already include internal and supplier messages. Add only coordination work not counted in those totals or app updates.

Monitoring
Provider monitoring

Net source-screening and initial triage time only. Substantive provider reviews are counted under Assessments.

Reporting
Report preparation
Evidence collection

Include audit preparation here if you value its staff time. Count each activity once.

03 · Onboarding and external costs

Illustrative starting assumptions. Replace these with your own commercial impact and external expenditure. Workflow adoption scales both estimates.

Starts default to 12 per 100 providers annually until edited. Use net commercial impact after delivery costs, excluding staff time and incident losses counted elsewhere. A faster review creates value only when it brings forward a time-sensitive start.

The example uses $2,500 per material provider and a 40% avoidable portion. Include paid assessments, evidence preparation or assurance rework that can be avoided. Exclude mandatory independent audits, internal staff time and remediation included in a risk scenario.

04 · Risk reduction scenarios

Model one material event across the portfolio over 12 months. The starting 25% probability, $800,000 impact and 20% impact reduction are illustrative assumptions. This scenario does not multiply incident losses by the number of providers. Review shared dependencies and exclude losses counted in other components.

Scenario 1

Conservative and optimistic cases start blank. Supply your own assumptions; no risk-reduction benchmark is applied.

Published reference: ACSC reports $202,700 average self-reported cybercrime cost per large-business report in 2024–25. This is not a third-party incident benchmark or evidence of Contrata effectiveness.

Read ACSC source, opens in a new tab
Advanced scenario assumptions

Only use probability changes and attribution you can justify. Monitoring an outage does not prevent the provider from experiencing it.

Baseline expected annual loss
$200,000
Modelled expected annual loss
$160,000
Hypothetical reduction in expected loss
$40,000

Scenario results are hypothetical, not guaranteed savings. Confidence is your judgement, not a statistical confidence interval. Totals require complete, non-overlapping scenarios.

05 · Coverage goals

Each goal defaults to 100% of applicable material providers. Reaching it depends on completing reviews, obtaining evidence and resolving outstanding work. Adjust the goals to suit your organisation.

Due diligence coverage
Evidence readiness
Ongoing monitoring
Critical dependency visibility

Provider counts are rounded to whole records. Monitoring coverage refers to documented oversight; workload inputs separately describe the checks that release staff time.

Research and calculation methodology

Input provenance. All starting values are illustrative defaults. Workload volumes, minutes released, commercial inputs, coverage targets and risk mitigation are illustrative assumptions. Edited values are visitor inputs, not independently verified baselines. Published sources provide context, not validated Contrata outcomes. No validated customer savings are used in this calculator.

Operational capacity. Annual hours = monthly activity volumes × net minutes released × 12 ÷ 60 × workflow adoption. Monitoring volume is providers monitored × monthly check frequency. Staff capacity value = annual hours × hourly staff cost. Capacity is not realised cash savings.

The 100-provider baseline has 4 reports, 100 replies, 60 follow-ups, 12 reviews, 80 app updates, 8 assessment preparations, 40 evidence collections and 100 monthly monitoring checks. Internal coordination starts at zero to avoid duplicating internal emails. The $80/hour default uses Robert Half's 2026 Australian Operational Risk Manager median base salary of $145,000, divided by 38 weekly hours and 52 weeks, with an indicative allowance for employment costs. Replace it with your own staff cost.

Expected loss. Baseline = annual event probability × loss impact. Full projected loss = projected probability × impact × (1 − impact reduction). Attributed reduction = (baseline − full projected loss) × adoption × attribution. Modelled loss = baseline − attributed reduction. This is a simplified single-event expected-loss calculation, not a full FAIR analysis or a loss-frequency distribution.

Faster onboarding = time-sensitive starts × days of delay avoided × net business impact per day × adoption. External cost avoidance = annual external spend × avoidable portion × adoption. Automatic defaults scale starts with provider count and spend with material providers until you edit them. Custom inputs stay fixed.

The headline adds capacity, onboarding, external cost avoidance and included risk scenarios. These have different levels of uncertainty. It is potential annual economic value, not realised savings or ROI; subscription and implementation costs are not deducted. Monetary values are AUD and rounded only for display. No additional dollars are assigned to coverage, monitoring or regulatory readiness. With no providers, the portfolio risk benefit is zero. With providers, risk assumptions remain fixed until edited, rather than inferring probability from portfolio size.

ProcessUnity / Ponemon, 2026 surveyed 1,465 practitioners globally. 63% reported more than 40 team hours per assessment, including 28% reporting over 160 hours. This supports the workload context; it does not establish the hours Contrata saves.

ASD / ACSC, 2024–25 reports average cybercrime costs of $97,200 for medium and $202,700 for large businesses per report. These are self-reported cybercrime costs, not provider-specific expected losses. The optional reference replaces event impact only; likelihood and mitigation remain your assumptions.

FAIR Institute background

05 · Bring a real review

See how Contrata handles your next provider review.

Bring a third-party assessment challenge or a CPS 230 evidence gap. We'll walk through the evidence, follow-ups and decisions your team keeps.

Contact Us

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