IBM OpenPages Third-Party Risk Management
Isometric illustration of ai-data-automation driven scene
Improve business performance

Efficiently manage your vendor engagements with the IBM OpenPages Third-party Risk Management module.

Make risk-aware decisions across the Three Lines Model. The OpenPages Third-Party Risk Management module helps reduce disruption and possible negative impacts to your 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.

Read the solution brief
What you get
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.
Features Issue and 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

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

Automatically complement vendor risk assessments by integrating with Vendor Monitoring Solutions such as SecurityScorecard, RiskRecon, RapidRatings, or Supply Wisdom.

Take the next step

Book a consultation with an IBM expert to discuss how it can automate your GRC processes with ease.

Estimate ROI
More ways to explore Documentation IBM GRC Community