Third-Party Risk

Proactively manage third-party risk

Automate third-party management from initial intake to risk assessment, mitigation, ongoing monitoring, and reporting. Access risk analytics and control gap reports on thousands of third parties. 

  • Streamline processes across teams and systems
  • Reduce third-party blind spots
  • Improve time-to-value when onboarding and assessing third parties
  • Respond faster when business resilience issues arise

Connecticut State Capitol in Hartford, Connecticut.

Accelerate your third-party risk management program

Manage third parties at scale with tools that streamline your processes and systems. Gain a holistic view of a specific third-party relationship by unifying multiple engagements in one place. By using our workflow integration builder, you can connect with multiple systems to pull data into OneTrust and push data to other systems, such as Contract Lifecycle Management (CLM).

Dialogue boxes showing a ISS Cyber Risk Score and a gauge chart showing that a vendor's inherent risk level is very high..

Make sure your risks don’t slip through the cracks with a unified inventory of all third-party relationships. This inventory can be shared throughout the OneTrust platform to improve third-party visibility across business units and risk domains. By leveraging the OneTrust Insights and Analytics engine to uncover hidden risks, you can gain an even greater visibility into third-party relationships.

Calls-to-action for three third-party questionaires that have been created by administrators

Know right away if a third party is too risky. Intelligent onboarding workflows ensure that the right steps are taken, at the right time, and that the right people are involved in the evaluation process. Dynamic questionnaires can change as third parties respond, only asking the most relevant questions, while our AI questionnaire autocompletion technology helps third parties respond faster. 

User interface for assessing vendors that identifies a vendor rsks, scores their severity, and gives their aggregated risk level.

Don’t waste time if an issue arises. OneTrust Third-Party Risk Exchange allows you to build “if this/then that” workflows, pulling from data sources like Security Scorecard, RiskRecon, and others to trigger actions when new risks arise. These configurable, automated alerts can trigger resilience response workflows to take decisive action when disruptive events occur.

User interface for assessing vendors that identifies a vendor rsks, scores their severity, and gives their aggregated risk level.

Explore Third-Party Risk modules 

Third-Party Risk Management

Scale and automate your third-party risk management program.

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Third-Party Risk Exchange

Access risk analytics and control gap reports on thousands of third parties.

Learn more

Staying vigilant: 7 practical tips for ongoing third-party risk monitoring

In this webinar, we'll share seven practical tips for effective third-party risk monitoring, helping you to identify new risks and take timely action to protect your business.


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Webinar

Third-Party Risk

Staying vigilant: 7 practical tips for ongoing third-party risk monitoring

In this webinar, we'll share seven practical tips for effective third-party risk monitoring, helping you to identify new risks and take timely action to protect your business.

August 02, 2023

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Webinar

Third-Party Risk

Automating third-party management workflows: 5 ways to drive alignment across teams

Join us as we explore how automating third-party management workflows streamlines processes, drives alignment across teams, and reduces reduntant work.

July 19, 2023

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Webinar

Third-Party Risk

Are your third parties a privacy compliance liability? 5 tips to reduce your exposure

Join our webinar and learn how to create an effective, privacy-focused third-party risk management (TPRM) program that streamlines recordkeeping and reduces your risk exposure.

July 05, 2023

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FAQs

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 reduce risk by automating vendor management across your entire supply and value chain – from technology partners to service providers and more.

Our technology is built with platform capabilities that enable you to address what’s most relevant to your business needs today and add new capabilities as those needs evolve.  Today you can benefit from automated risk assessments, scoring, or access to 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, ethics, or ESG programs.

Ready to get started?

Request a free demo today to see how OneTrust can streamline your privacy management program.