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What is OneTrust Third-Party Management?

OneTrust's Third-Party Management solution transforms the oversight of your third-party lifecycle by shifting from a questionnaire-centric approach to a risk-focused model, leveraging data-driven automation that bolsters both security and efficiency within your third-party ecosystem. This cutting-edge methodology streamlines what were once manual tasks and tailors assessments to align with the unique needs of each third-party relationship, leading to marked improvements in evaluation efficiency. Users often experience an impressive average decrease of over 70% in the time and costs associated with third-party risk assessments, which effectively accelerates the onboarding phase. The platform harnesses premier data sources to continuously track the risk profiles of third parties and proactively manages new risks as they emerge. By aligning workflows and bringing teams together through common objectives, data objects, and inventories, it promotes enhanced consistency and operational efficiency. In addition, the solution strengthens internal capabilities by automating critical processes and enabling centralized oversight of third-party inventories, which cultivates a more agile and resilient risk management framework. This seamless integration not only fortifies risk management but also enhances strategic decision-making throughout the organization, ultimately leading to more informed and effective business practices. As organizations navigate an increasingly complex landscape, adopting such innovative solutions becomes crucial for maintaining compliance and fostering collaborative partnerships.

What is Drata?

Drata is an agentic trust management platform designed to help organizations automate compliance, manage governance and risk, assess third parties, and continuously demonstrate their security posture. Its Enterprise GRC capabilities centralize controls, risks, policies, and evidence so organizations can standardize governance and maintain accountability across teams. Control mapping allows teams to map requirements once and reuse controls across multiple frameworks, reducing duplicated compliance work. Drata's compliance automation functionality automatically collects evidence and continuously monitors controls to identify issues and help organizations remain prepared for audits. Guided remediation workflows help security and compliance teams address identified problems while expanding their programs across additional frameworks. The platform's Trust Center gives customers, prospects, and other stakeholders a secure place to review security information, request documentation, and obtain answers to trust questions. AI-powered questionnaire automation handles activities across intake, triage, processing, and response generation, with Drata AI using an organization's evolving knowledge base to draft responses. Third-Party Risk Management uses AI agents to generate assessment criteria from questionnaires, retrieve documents from vendor Trust Centers, conduct criteria-based assessments, and perform follow-up activities with vendors. Drata also offers AI Agent Governance for discovering AI agents operating within an organization's environment, enforcing policies before actions execute, and maintaining auditor-grade records of agent decisions. The platform supports compliance requirements and frameworks including SOC 2, ISO 27001, ISO 42001, GDPR, HIPAA, PCI DSS, DORA, FedRAMP, CMMC, and custom frameworks.

Media

Media

Integrations Supported

Jira
Microsoft 365
Docusign
Malbek
Microsoft SharePoint
OneTrust Tech Risk and Compliance
Tableau
UpGuard

Integrations Supported

Jira
Microsoft 365
5X
Adapt
Amazon Web Services (AWS)
Auditive
Blink
GitHub
Gusto
Microsoft Azure
NXT1 LaunchIT
Okta
OneLogin
Trello

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided

Pricing Information

$10,000/year

Supported Platforms

SaaS

Supported Platforms

SaaS
Windows
Mac
Linux

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training

Company Facts

Organization Name

OneTrust

Date Founded

2016

Company Location

United States

Company Website

www.onetrust.com/solutions/third-party-management/

Company Facts

Organization Name

Drata

Date Founded

2020

Company Location

United States

Company Website

drata.com

Categories and Features

Categories and Features

AI Governance

Not specified

AI GRC

Not specified

Audit

Alerts / Notifications
Audit Planning
Compliance Management
Dashboard
Exceptions Management
Mobile Access
Multi-Year Planning
Risk Assessment
Workflow Management

Cloud Compliance

Not specified

Cloud Security

Not specified

Compliance

Audit Management
Compliance Tracking
Controls Testing
Risk Management
Version Control
Workflow / Process Automation

GRC

Auditing
IT Risk Management
Internal Controls Management
Operational Risk Management
Policy Management

ISO Compliance

Not specified

Security Compliance

Not specified

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