Improve Business Performance

Efficiently manage your vendor engagements with the FortisOne GRC Third-Party Risk Management module.

Make risk-aware decisions across the Three Lines Model with the FortisOne GRC Third-Party Risk Management module. It helps reduce disruptions and negative impacts on your organization’s compliance, brand, and operations caused by vendor failures. Additionally, it protects private information shared with vendors and prevents misuse of direct access to your network resources.

What you get

Third Party Risk Identification

Creates a centralized, well-mapped structure of third-party risk hierarchy encompassing risks, controls, KRIs, locations, and regulations. Supports categorization of third parties based on risk level, criticality, and other factors.

Third-Party Engagement Management

Connects seamlessly with enterprise and external systems to import comprehensive vendor information. It consolidates and maps third-party data into a centralized repository, providing a unified view of all vendor relationships. Designed to scale efficiently, this solution can manage thousands of vendors, supporting extensive third-party risk and engagement management across your organization.

Third-Party Risk Assessments

Provides configurable methodologies to assess and score both inherent and residual third-party risks. Captures detailed vendor risk information, including risk severity, impact, consequences, mitigation plans, and issues.

Features

Issue and Incident Management

Guides vendor risk issues through a structured process of investigation and resolution, enhancing collaboration with vendors on corrective actions. Provides real-time visibility into vendor-related issues.

Third-Party Interactions

Seamlessly enhance vendor risk assessments by integrating with leading monitoring solutions such as SecurityScorecard, RiskRecon, RapidRatings, and Supply Wisdom, enabling automated, comprehensive risk insights.

Third-Party Questionnaries

Streamlines the creation, distribution, and follow-up of vendor risk surveys and questionnaires while standardizing the process. Enables vendor qualification based on assessment scores for informed decision-making.

Take the next step

Book a consultation with our experts to discover how FortisOne GRC automates compliance with ease.