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.
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.
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.
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.
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.
Streamlines and standardizes the process of creating, distributing, and following up on vendor risk surveys and questionnaires; helps qualify vendors based on assessment scores.
Automatically complement vendor risk assessments by integrating with Vendor Monitoring Solutions such as SecurityScorecard, RiskRecon, RapidRatings, or Supply Wisdom.
Automate your GRC processes with ease
IBM OpenPages offers you the capability to deploy domain-targeted product modules to meet specific governance, risk, and compliance challenges. Choose the product modules you need within a single integrated environment.