Compare OneTrust Third-Party Management vs. Global Risk Exchange

OneTrust Third-Party Management

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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 Global Risk Exchange?

Protect your third-party digital environment with a data-driven strategy that guarantees thorough visibility and proactive insights into your portfolio. Global Risk Exchange, formerly known as CyberGRX, provides detailed and adaptable assessments of third-party vendors, allowing you to successfully manage your evolving external relationships through a collaborative, crowd-sourced platform that contains a wealth of verified and predictive evaluation data. Utilizing sophisticated data analytics, real-world attack scenarios, and the latest threat intelligence, we offer a comprehensive examination of your third-party landscape, enabling you to identify risks clearly and improve your decision-making capabilities. Furthermore, leverage structured data and actionable insights to detect trends and create benchmarks that can inform your risk management strategies effectively. This forward-thinking methodology not only strengthens your security posture but also prepares you to tackle new challenges that may arise within your vendor ecosystem, ensuring you remain resilient in an ever-changing threat landscape. Ultimately, by prioritizing these strategies, you can foster stronger relationships with your vendors while maintaining the integrity of your operations.