Overview
OpenPages Third Party Risk Management
Assists in efficiently managing third-party engagements to improve business performance. It helps reduce disruption and possible negative impacts to the organization's compliance, brand or operations due to a vendor’s inability to deliver. Protect private information shared with vendors and prevent misuse of direct access to network resources.
What does the product module do?
Third party risk identification
Helps create a centralized, tightly mapped structure of third parties risk hierarchy including risks, controls, KRIs, locations, and regulations; supports third-party categorization based on risk, criticality, and other factors.
Third party engagement management
Connects with enterprise and external systems to import information on vendors; consolidates and maps third-parties’ data in a common repository; scales to accommodate thousands of vendors.
Third party risk assessments
Provides configurable methodologies to assess and score inherent and residual third-party risks; captures detailed vendor risk data, including risk severity, impact, consequences, mitigating plans, and issues.
How it works
Issue / incident management
Issue / incident management
Guides vendor risk issues through a systematic process of investigation and resolution to enhance collaboration with vendors on corrective action. Provides real-time visibility into vendor issues.
Third party questionnaires
Third party questionnaires
Streamlines and standardizes the process of creating, distributing, and following up on vendor risk surveys and questionnaires; helps qualify vendors based on assessment scores.
Third party integrations
Third party integrations
Eliminates the need for time-consuming point-in-time vendor assessments with the help of SecurityScorecard for IT security benchmark scores and Shared Assessments for SIG Questionnaires.
Other product modules
Automate your GRC processes with ease
IBM OpenPages Operational Risk Management
Automate the process of identifying, measuring, monitoring, analyzing, and managing operational risks.
IBM OpenPages Regulatory Compliance Management
Drive efficient end-to-end regulatory compliance management.
IBM OpenPages Model Risk Governance
Demonstrate strong model governance, reporting and compliance.
IBM OpenPages IT Governance
Obtain a holistic view of IT risks and map them to business processes.
IBM OpenPages Internal Audit Management
Automate and manage internal audits and conduct broader risk and compliance management activities.
IBM OpenPages Business Continuity Management
Prepare your enterprise for business continuity and protect employees in the face of disruptive events.
IBM OpenPages Policy Management
Keep your policies and procedures up to date with your internal and external obligations.
IBM OpenPages Financial Controls Management
Reduce costs and complexity of complying with Sarbanes-Oxley and similar financial reporting regulations.
IBM OpenPages Data Privacy Management
Break down silos between IT and compliance for complete data privacy and governance.