Compare RiskXchange vs. OneTrust Third-Party Management

RiskXchange

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What is RiskXchange?

Our comprehensive range of cybersecurity solutions and products delivers insights grounded in data, empowering organizations to avert security breaches effectively. If you're looking to enhance your cybersecurity posture, safeguard your information, and thwart potential attacks, RiskXchange is an excellent starting point. It stands out as the premier platform for shielding your business from third-party cybersecurity vulnerabilities and compliance challenges. RiskXchange provides an innovative service that integrates effortlessly with our managed third-party risk management initiative. Additionally, RiskXchange is capable of ongoing surveillance of your attack surface, helping to avert data breaches and information leaks. Moreover, it can identify and report on a diverse array of cybersecurity threats, ensuring that your organization remains secure. With RiskXchange, you can confidently navigate the complexities of cybersecurity while focusing on your core business objectives.

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.