Third-Party Management
Scale third-party adoption safely and securely
Automate third-party risk assessment and lifecycle management to build a more resilient, secure, and scalable third-party ecosystem.
Accelerate
Fast-track third-party risk assessments by up to 70% with AI-powered data collection, user-configurable workflows, and “critical event” triggered automation rules.
Guide
Tailor assessment depth and proactively triage risk management workflows with over 20 million out-of-the-box cyber risk and attack insights.
Inform
Enable contextual third-party scoring and analysis to drive risk-informed business decisions and ensure that your extended enterprise is secure and resilient.
Data privacy compliance and Third-Party Management: A unified approach
Automate onboarding and assessment
Our solution streamlines this process by centralizing and automating key steps across third-party onboarding and assessment workflows.
Key capabilities
- Automate intake screening against risk rating and compliance databases
- Contextually tier and triage third parties to guide workflow priority and assessment depth
- Use AI to ingest external risk evidence and generate questionnaire response
- Fast-track “low-risk” third parties through auto-approval workflows
Surface and treat issues and risks
Third-party breaches and outages are increasing, and standard, periodic assessments can’t keep up. Our solution increases real-time visibility into evolving third-party issues and risks to support proactive remediation workflows.
Key capabilities
- Assess third parties across multiple risk domains to evaluate security, privacy, ethics, compliance, and more
- Assign owners and track issues, risks, and tasks, across internal and external teams
- Streamline third-party communication and follow-up through integrated assessments
- Enable collaborative risk acceptance and clear accountability
Amplify risk screening and monitoring with cybersecurity risk ratings and breach notifications
Your third-party risk exposure is constantly changing. Our solution provides out-of-the-box cybersecurity ratings to automate new third-party risk screening and continuously monitor for changes in third-party risk posture.
Key capabilities
- Screen and monitor cyber risk ratings and breach activity from RiskRecon, SecurityScorecard, and HackNotice
- Inform and validate inherent and residual risk scoring with external data
- Proactively identify changes in risk posture and mitigate issues before they affect your business
Support ethics and compliance due diligence
Safely working with a third party requires more than just a security assessment. Our solution streamlines ethics and compliance reviews to proactively identify reputational and compliance risks and build trusted, ethical third-party relationships.
Key capabilities
- Pre-built integration and workflows to leverage Dow Jones Risk & Compliance databases and lists
- PEP, sanctions, and watchlist screening
- Adverse media & reputational risk monitoring
- In-app enhanced due diligence research and reporting
Surface relevant and contextual risk insights
Surface relevant risk insights across the third-party lifecycle to ensure that third parties are evaluated at the correct altitude and validate that all your third parties are within your risk tolerance.
Key capabilities
- Guide onboarding and assessments with inherent and domain-specific risk insights
- Support accurate risk scoring throughout the third-party lifecycle
- Strengthen risk acceptance and approval decisions with clear risk visibility
- Equip procurement and sourcing teams with relevant insights to make risk-informed decisions
Featured products
Third-Party Risk Management
Manage and automate the end-to-end third-party lifecycle, including onboarding, assessment, risk treatment, reporting, monitoring, and offboarding.
Third-Party Risk Exchange
Access and integrate cybersecurity risk ratings from SecurityScorecard, RiskRecon, and HackNotice.
Third-Party Due Diligence
Screen, assess, and monitor third parties for ethics and compliance risks with access to databases from Dow Jones.
Proven results
"There was no comparison between our previous solution and Third-Party Risk Exchange. Third-Party Risk Exchange uses modern tools and techniques to deliver third-party risk management technology, which is critical as we work to secure our patients’ PHI in the most streamlined and automated manner."
Marcelle Bicker
Senior Information Security Compliance Analyst, at Rochester Regional Health
20M+
Cybersecurity risk & attack insights
Out-of-the-box data from leading risk intelligence providers integrates near-real-time cyber risk and attach insights into assessment and monitoring workflows.
9.2M
Critical event workflows
Customers process an average of 9.2M critical event workflows per year, proactively responding to changes in third-party risk posture.
Partnering with the best
Our Third-Party Management service partners and seamless technology partner integrations make it even easier for you to automate your third-party lifecycle.
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Find the Third-Party Management package that meets your needs
FAQ
Risk exists across people, processes, and technology and is not limited to the walls of your organization. When your third-party ecosystem is effectively managed, trust is earned, efficiency is realized, and reputation is improved. We help by automating vendor risk management across your entire value and supply chain – from onboarding to offboarding for technology partners, service providers, and more.
Our technology is built with platform capabilities that enable you to address what’s most relevant to your risk management processes today and add new capabilities as business needs evolve. Today you can benefit from automated risk assessments, risk tiering and scoring, or access a vendor risk register full of thousands of third-party Trust Profiles. Tomorrow, you might explore even more platform capabilities to support your privacy, security, or ethics programs.
Ready to get started?
Request a demo today to see how OneTrust can accelerate your third-party management program.