Blog

Convercent by OneTrust announces third-party risk management solution for Ethics & Compliance

June 17, 2021

N/A

To fully understand and manage risk, organizations must automate third-party risk management (TPRM) from onboarding and screening to due diligence, risk assessment and mitigation, monitoring, and offboarding. The new Convercent by OneTrust Third-Party Risk Management Solution for Ethics and Compliance professionals provides a way to identify third-party risk that arises from the scope, activities, location, and persons present in that third-party relationship. Using the power from leading TPRM solution, OneTrust Vendorpedia, Third-Party Risk Management for Ethics and Compliance leverages the collective power of Convercent by OneTrust and the OneTrust privacy, security, and data governance platform.

Register for the webinar: Third-Party Risk Management and Due Diligence for Ethics and Compliance on Tuesday, June 29 at 9 am MDT | 11 am EDT | 4 pm BST

The solution enables automation of the end-to-end third-party due diligence process through key capabilities including:

  • Screening: Run compliance checks for your third parties against sanctions lists, adverse media and other sources, such as PEP lists, Anti-Slavery, Bribery and Corruption, and more.
  • InherentRisk-Based Tiering: Automatically calculate inherent risk scores to prioritize further diligence and assessment to the third parties that present the most risk to your organization.
  • Risk Assessment: Leverage dozens of out-of-the-box ethics & compliance third-party assessment templates and automated risk assessment workflows with intelligent risk flagging.
  • Risk Management: Reduce risk with automated treatment workflows, leveraging out-of-the-box mitigation recommendations and control frameworks as well as allow for cross-departmental collaboration and management.
  • Compliance Reporting: Understand the state of your third-party risk management program with interactive dashboards, executive-ready PDF reports, and record-keeping to demonstrate compliance.
  • Ongoing Monitoring: Monitor your third parties over time, running routine adverse media and other compliance checks that trigger pre-determined actions as additional risks.

To learn more about the Convercent by OneTrust Third-Party Risk Management Solution for Ethics and Compliance, register for the webinar. For information, visit Convercent.com.  

Additional third-party risk management resources: 

Follow OneTrust on LinkedInTwitter, or YouTube for the latest on third-party risk management.


You may also like

Webinar

Ethics Program Management

Ethics Exchange: Third-party applications and ephemeral apps

Learn practical advice on how to navigate the risks of ephemeral apps and employee privacy in BYOD world.

November 09, 2023

Learn more

Webinar

Speak-Up Program Management

Navigating the EU Whistleblower Protection Directive: New rules, new risks

Join our expert-led webinar where we explore the EU Whistleblower Protection Directive and practical steps towards compliance. 

November 02, 2023

Learn more

Webinar

Ethics Program Management

Ethics Exchange: Risk assessments

Join our risk assessments experts as we discuss best practices, program templates, and how provide an assessment that provides the best value for your organization.

October 25, 2023

Learn more