Third-Party Risk Management

OneTrust Vendorpedia, our purpose-built offering for third-party risk management, helps organizations identify, assess, analyze, mitigate, and monitor risks and performance across your extended enterprise

Third-Party Risk Management

Streamline and manage the entire vendor lifecycle with assessment automation, intelligent risk flagging, and mitigation workflows.

Vendor Evaluation & Onboarding
Vendor Risk Assessment Workflows
Risk Mitigation Workflows
Business Continuity & Resilience
Financial Due Diligence
Vendor Evaluation & Onboarding

Many stakeholders are involved when selecting and onboarding vendors, making the process slow and disjointed. Our Third-Party Risk Management solution enables teams to create intelligent workflows with action automation to involve the right stakeholders at the right time. Perform faster vendor evaluations and streamline processes, giving your team with the tools and technologies they need to succeed.

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Vendor Risk Assessment Workflows

Assessments differ across industries and locations. With dozens of out-of-the-box assessment templates, an easy drag-and-drop questionnaire builder, and automated controls identification, you can rapidly evaluate how much risks any vendor poses without starting from scratch.

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Risk Mitigation Workflows

Gaining visibility into your vendor-related risks is only half the battle, with mitigation being just as critical. Leverage OneTrust DataGuidance™ intelligence to improve mitigation decision-making and build tailored treatment workflows to reduce risks and track progress over time.

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Business Continuity & Resilience

In times of disruption, organizations can encounter supply chain challenges when suppliers are unable to deliver products and services. With our Third-Party Risk Management solution, organizations can take steps to proactively prepare and rapidly react when difficult situations arise. Use the platform to assess the resiliency of your supply chain and develop appropriate business continuity plans.

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Financial Due Diligence

With market conditions rapidly changing, organizations are even more concerned about the financial health of the third parties they rely on. With our Third-Party Risk Management solution, you can take this a step further by leveraging the platform to send financial risk assessments directly to your vendors to capture the information you need.

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Risk & Performance Insights

Monitor all your vendors’ risks and performance in real-time. Build a more effective third-party risk management program with advanced reporting and predictive analytics.

Auto Inherent Risk Insights
Performance & SLA Monitoring
Breach Monitoring & Compliance Violation Alerts
Predictive Analytics & Reporting
Auto Inherent Risk Insights

Not all vendors are created equal. Some pose little risk, while others are mission-critical to operations and may present significant risk if compromised. With Auto Inherent Risk Insights, our solution for Third-Party Risk Management can help you prioritize which vendors present the most risks, enabling you to sort through the noise and assess critical vendors in a timely manner.

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Performance & SLA Monitoring

Vendors don’t always adhere to contract requirements, such as data protection clauses or SLAs. Our solution for Third-Party Risk Management enables active vendor performance and SLA monitoring by tracking uptime and other metrics, providing your team with the visibility to identify under performing vendors.

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Breach Monitoring & Compliance Violation Alerts

More than ever, vendors are subject to data breaches and regulatory enforcement actions. Monitor the security, regulatory, and ethical vendor landscape for the latest incidents. In combination with OneTrust DataGuidance™, our solution for Third-Party Risk Management can detect incidents, alert the right stakeholder, and trigger response workflows.

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Predictive Analytics & Reporting

Powered by OneTrust Athena™ AI, reporting in the our platform is intelligent. The platform learns from your metrics, industry trends, and ecosystem benchmarking to identify security gaps and predict new risks before they arise. And should an audit be required, quickly generate recordkeeping reports to demonstrate compliance.

Powered by the OneTrust Vendorpedia Third-Party Risk Exchange

Conduct security due diligence and evaluate vendors faster with access a community of pre-completed vendor risk assessments.

  • Shared SIG, NIST, ISO, and Other Assessments 
  • Security Certification Information 
  • Vendor Risk and Gap Analysis 
Explore the OneTrust Vendorpedia Exchange

Research & Intelligence

Streamline and manage the entire vendor lifecycle with assessment automation, intelligent risk flagging, and mitigation workflows.

OneTrust Athena™ AI
OneTrust DataGuidance™ Regulatory Research
Robotic Process Automation
OneTrust Athena™ AI

Artificial intelligence must have practical applications to add value. Our Third-Party Risk Management solution leverages OneTrust Athena™ to predict new vendor risks and performance issues before they arise, as well as trigger automated workflows to reduce manual work.

OneTrust DataGuidance™ Regulatory Research

With regulations, standards, and frameworks constantly evolving, it can be difficult to keep up. OneTrust DataGuidance™ powers our solution for Third-Party Risk Management, embedding exhaustive research directly into the platform to help your organization implement and adapt to frameworks, standards, and regulations.

Robotic Process Automation

Not all tasks need to be done manually. Our Third-Party Risk Management solution leverages Robotic Process Automation (RPA) to offload work and eliminate repetitive tasks. Powered by OneTrust Athena™ and over 500 pre-built plugins, the OneTrust RPA engine works across your different technologies to develop automated workflows designed to eliminate time-consuming tasks.

Additional Key Capabilities

Mature your third-party risk program with purpose-built functionality to add value throughout the vendor risk management lifecycle.

Contract Term Tracking
Integration Marketplace
4th-Party Management
Vendor Response Portal
Contract Term Tracking

Contracts are key to the success of any third-party risk management program. With our Third-Party Risk Management solution, extract key contract terms relevant to stakeholders across the business, whether it be procurement, security, privacy, finance, IT, or any other function. Trigger reassessments based on contract timelines and hold vendors accountable to SLAs.

Integration Marketplace

Third-party risk management teams shouldn’t have to operate in a silo. Our solution for Third-Party Risk Management offers more than 500 pre-built plugins, so your team can set up integrations in a matter of minutes, not days. The integrations marketplace helps your teams connect the dots between third-party risk, security, privacy, compliance, and more.

4th-Party Management

The vendors your third parties use can impact your security, privacy, and compliance risks. With our Third-Party Risk Management software, you can manage 4th parties, reducing risks throughout the supply chain. Receive alerts and kick off automated actions when your third parties introduce new vendors that may present unwanted risks.

Vendor Response Portal

The easier it is to complete an assessment, the faster you’ll receive results. Our solution for Third-Party Risk Management offers questionnaire imports for assessment autocompletion, as well as an intuitive user interface to make questionnaire response simpler. Enable question delegation and collaboration so the right people can respond to the questions relevant to their expertise.

What is Questionnaire Response Automation?

February 2nd, 2021, OneTrust Vendorpedia IT Vendor Risk Management has an Overall Rating of 4.5 out of 5 in the IT Vendor Risk Management market based on 56 reviews.

Gartner Peer Insights Customers’ Choice constitute the subjective opinions of individual end-user reviews, ratings, and data applied against a documented methodology; they neither represent the views of, nor constitute an endorsement by, Gartner or its affiliates.

Quotation

Experience with OneTrust has been phenomenal. Their professional services department is responsive and offers great insight whenever our team has questions and has been very engaged throughout our deployment.

Product Management/Marketing
(Firm Size 3B - 10B USD)
Full Review

Overall, our organization has had a very good experience with OneTrust – both from a service standpoint and the technology itself. This has been a long standing partnership that continues to improve because of the GRC Tool and its flexibility to deliver against our diverse needs and Risk Methodology.

Director of Compliance, Privacy and Security
Manufacturing Industry (with a firm size of 250M - 500M USD)
Full Review

Our implementation team has been great to work with and very supportive. The tool is fantastic and we are very satisfied.

Applications
Finance Industry (with a firm size of 500M- 1B USD)
Full Review

OneTrust takes feedback well. They continue to quickly iterate releasing new features often. Though I thought the basic OneTrust training was lacking if you had even minimal experience, the support we have received since attending that has been overall positive.

Program Manager/Executive Assistant
Service Industry (with a firm size 50M - 250M USD)
Full Review

OneTrust has an intuitive tool that is easy to implement and automate. OneTrust is continuously dedicating time and resources to further improvement of its modules and actively listens to customer feedback. Every time we’ve asked for a feature, or have run into an issue with implementation and integration, OneTrust jumps in and provides talented support professionals and dedicated resources to help us achieve our desired outcomes

Senior Compliance Manager
Service Industry (with a firm size of 250M - 500M)
Full Review

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