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TPRM (Third Party Risk Management)AuditBoard

AuditBoard's Third-Party Risk Management solution enhances risk oversight and mitigation for external partners.

Vendor

Vendor

AuditBoard

Company Website

Company Website

Product details

Third Party Risk Management Software

Visualize, assess, and mitigate the third-party risks facing your organization.

  • **Streamline Vendor Evaluation and Onboarding: **Accelerate the vendor risk management process with automated workflows for sending and reviewing questionnaires and creating issues. Build a centralized inventory to deliver a comprehensive view of your 3rd party ecosystem, allowing you to focus on the partners that matter most with auto-inherent risk scores.
  • **Automate Vendor Assessments with AI: **Streamline time-consuming vendor questionnaires with AI-powered assessments. Analyze existing security and compliance reports to auto-generate questionnaire responses and expedite third-party risk management.
  • **Manage Your Mitigation Plan: **Assign mitigation owners, view the status of action plans, and send reminders from a centralized dashboard. Gain visibility into top third-party risks so they can be proactively remediated before they impact your organization.
  • **Stay Ahead With Vendor Monitoring: **Enable periodic monitoring processes and send out risk assessment questionnaires to identify any changes to the vendor’s control environment or follow up on newly identified vulnerabilities and request evidence.

Features

  • **Boost Productivity: **Prioritize your inventory and focus on the vendors that matter most with auto-inherent risk scores.
  • **Continual Oversight: **Gain visibility into vendors with real-time data and seamless assessment questionnaires.
  • **Reduce Complexity: **Facilitate collaboration with business stakeholders while streamlining vendor issue tracking and mitigation.
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