IBM OpenPages GRC Services | GRC Consulting – iTechGRC

IBM OpenPages Third-party Risk Management

Efficiently manage third-party encounters to improve business performance

Protect confidential information shared with vendors

iTechGRC utilizing IBM OpenPages Third-party Risk Management (TPRM) solution, reduces disruption to the compliance, brand, and operations due to a vendor’s inability to deliver. The solution helps protect confidential information shared with vendors and prevent misuse of direct access to network resources.

IBM OpenPages Third-party Risk Management helps create a centralized repository of third-party risks, including controls, KRIs, locations, and regulations. The solution provides configurable methodologies to assess and score third-party risks.

Third Party Risk Management

Key Features

Incident investigation

The feature enables the investigation of vendor risk through a systematic process to enhance collaboration with vendors on corrective actions and resolution. It also gives real-time visibility into vendor issues.

Third-party questionnaires

The feature helps qualify vendors based on assessment scores. It streamlines and standardizes vendor risk surveys and questionnaires creation and distribution as well as follow-ups.

Third-party integrations

Utilizes SecurityScorecard for IT security benchmark scores and Shared Assessments for SIG Questionnaires to eliminate the need for time-consuming point-in-time vendor assessments.

Why IBM OpenPages Third-party Risk Management

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Provides insight into the state of risk across an organization with dynamic dashboards for business intelligence and decision support

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Delivers a range of capabilities that helps cut the complexity in vendor-client relationships

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Offers multiple reports such as vendor risk, performance scorecards, and heat maps that enable real-time tracking of vendor risk

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Enables zero training by streamlining complex processes and actions for users with a task-focused user interface

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Blogs

Get insights into the latest regulatory trends and stay updated with popular industry standards and frameworks changes through our critically crafted blogs and articles.
Understanding the vendor risk management matrix

Understanding the vendor risk management matrix

What is vendor risk management? Vendor risk management (VRM), or third-party risk management, is the management, monitoring, and evaluation of…

Integrated Risk Management Framework.

Integrated Risk Management Framework. What is it?

What is Integrated Risk Management? Integrated Risk Management (IRM) is an essential approach in modern business that combines processes, technologies,…

What is a Vendor Management Policy

What is a Vendor Management Policy?

Organizations are connected to more vendors now than ever before. In fact, the number of third-party relationships an organization can…

We are an IBM RegTech Partner for delivering OpenPages Third-party Risk Management solution.

We can help you understand the third-party risks and improve your business results with each vendor.