Third Party Management Overview
OneTrust Third-Party Management helps organizations assess, monitor, and mitigate risks associated with third-party vendors. It provides a centralized platform to streamline due diligence, enforce security policies, and ensure regulatory compliance across the entire third-party lifecycle.
Third Party Management Competitive Advantages
End-to-End Third-Party Risk Management
Automates onboarding, risk assessments, and continuous monitoring.
Regulatory Compliance Assurance
Aligns third-party engagements with global regulations such as GDPR, CCPA, and ISO 27001.
AI-Powered Risk Intelligence
Identifies, analyzes, and mitigates risks proactively.
Customizable Workflows
Tailors due diligence processes to fit specific business needs.
Continuous Monitoring & Alerts
Provides real-time insights into third-party risks and compliance status.
Third Party Management Product Features
Third-Party Risk Assessments
Evaluates vendors based on security, privacy, and compliance risks.
Automated Due Diligence
Streamlines vendor onboarding and risk scoring.
Vendor Inventory & Classification
Maintains a centralized database of third parties and their risk levels.
Contract & Policy Management
Ensures vendor agreements align with security and compliance requirements.
Continuous Risk Monitoring
Tracks vendor activities, security breaches, and regulatory changes.
Remediation & Reporting Tools
Automates issue resolution and provides audit-ready reports.
Third Party Management Benefits
- Reduces Third-Party Risk Exposure: Identifies and mitigates vulnerabilities in vendor relationships.
- Ensures Compliance & Legal Readiness: Helps meet industry standards and regulatory requirements.
- Enhances Vendor Transparency: Provides clear insights into third-party security and compliance posture.
- Improves Efficiency & Cost Savings: Automates assessments and reduces manual effort.
- Strengthens Supply Chain Security: Monitors vendors continuously to prevent data breaches and compliance violations.
