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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.

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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