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features
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support

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Write a Review

Description

OneTrust's Third-Party Management solution revolutionizes the management of your third-party lifecycle through data-driven automation, moving away from a questionnaire-first methodology to a risk-oriented framework by integrating data that enhances the security and efficiency of your third-party ecosystem. This innovative approach automates previously manual processes and customizes assessments to meet the specific requirements of each third-party relationship, thereby significantly boosting the efficiency of evaluations. Users typically see an impressive average reduction of over 70% in both time and costs related to conducting third-party risk assessments, which helps streamline the onboarding process. The platform utilizes top-tier data sources to perpetually monitor the risk profiles of third parties and automatically addresses emerging risks as they arise. By synchronizing workstreams and uniting teams around shared workflows, data objects, inventories, and objectives, it fosters greater consistency and efficiency. Furthermore, the solution enhances internal capabilities by automating essential processes and facilitating centralized oversight of third-party inventories, ensuring a more robust and responsive risk management framework. Ultimately, this level of integration not only strengthens risk management but also supports strategic decision-making across the organization.

Description

Third-party risk management (TPRM) provides a systematic framework to evaluate and mitigate the risks that organizations face due to their associations with external entities. These external entities primarily include vendors, customers, joint ventures, counterparties, and fourth parties. Engaging with third parties can introduce considerable enterprise risks, especially as the number of partnerships expands, regulatory scrutiny increases, and the landscape of cyber threats becomes more intricate. As a result, businesses are increasingly allocating resources and focus towards understanding and managing the potential risks associated with these third-party affiliations. While such relationships enhance flexibility and competitiveness in the global market, they also enable organizations to outsource critical functions, allowing them to concentrate on their core strengths. However, the advantages brought by third parties are accompanied by serious risks, including the potential for cyberattacks, disruptions in business continuity, and damage to reputation, all of which can severely impact the overall health of a company. Thus, balancing the benefits and risks of third-party relationships has become essential for effective enterprise risk management.

API Access

Has API Yes 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

AdaptiveGRC Yes 
Adobe Analytics Yes 
BitSight Yes 
Black Kite Yes 
D&B Connect Yes 
Docusign Yes 
Dow Jones Risk & Compliance Yes 
Google Drive Yes 
Jira Yes 
Ketch Yes 
LexisNexis Risk Solutions Yes 
Microsoft Exchange Yes 
Recorded Future Yes 
RiskRecon Yes 
SAP Cloud Platform Yes 
SQL Server Yes 
Salesforce Yes 
Snowflake Yes 
UpGuard Yes 
Valence Yes 

Integrations

AdaptiveGRC No 
Adobe Analytics No 
BitSight No 
Black Kite No 
D&B Connect No 
Docusign No 
Dow Jones Risk & Compliance No 
Google Drive No 
Jira No 
Ketch No 
LexisNexis Risk Solutions No 
Microsoft Exchange No 
Recorded Future No 
RiskRecon No 
SAP Cloud Platform No 
SQL Server No 
Salesforce No 
Snowflake No 
UpGuard No 
Valence No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

$750 per year
Free Trial Yes 
Free Version Yes 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) Yes 
In Person Yes 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) Yes 
In Person No 

Vendor Details

Company Name

OneTrust

Founded

2016

Country

United States

Website

www.onetrust.com/solutions/third-party-management/

Vendor Details

Company Name

Riskpro India

Founded

2011

Country

India

Website

www.riskpro.in

Product Features

Product Features

GRC

Auditing No 
Disaster Recovery No 
Environmental Compliance Yes 
IT Risk Management Yes 
Incident Management Yes 
Internal Controls Management Yes 
Operational Risk Management Yes 
Policy Management No 

Risk Management

Alerts/Notifications Yes 
Auditing Yes 
Business Process Control No 
Compliance Management Yes 
Corrective Actions (CAPA) Yes 
Dashboard Yes 
Exceptions Management Yes 
IT Risk Management Yes 
Internal Controls Management No 
Legal Risk Management No 
Mobile Access No 
Operational Risk Management Yes 
Predictive Analytics No 
Reputation Risk Management Yes 
Response Management Yes 
Risk Assessment Yes 

Vendor Management

Audit Management Yes 
Contact Management No 
Customer Database No 
Self Service Portal No 
Supplier Master Data No 
Transaction History No 
Vendor Maintained Profiles No 
Vendor Managed Inventory No 
Vendor Performance Rating No 
Vendor Qualification Tracking No 

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