Best Third-Party Risk Management Software for Microsoft SharePoint

Reduce the risks linked to third-party partnerships and maintain compliance with Predict360's Third-Party Risk Management software. This all-encompassing solution equips you with the necessary tools to effectively evaluate, monitor, and manage the risks associated with your vendors and partners. Predict360 simplifies the onboarding and evaluation procedures for third parties by offering customizable risk assessment templates and automated workflows. With the platform's real-time monitoring and alert features, you can remain updated on any shifts in the risk profiles of your third parties. The centralized documentation and advanced reporting capabilities allow you to easily monitor third-party performance and adherence to contractual and regulatory standards. The software's integration features facilitate smooth connections with other enterprise systems, improving data accuracy and enhancing operational efficiency.

ZenGRC is an innovative GRC platform that enables businesses to effectively manage their risk and compliance needs with ease. Designed with simplicity in mind, ZenGRC offers a unified system for storing and accessing all risk and compliance data, providing users with a secure and centralized platform. The solution’s AI automation helps businesses streamline their workflows and gain valuable insights, accelerating decision-making. ZenGRC integrates seamlessly with over 30 systems, ensuring maximum efficiency and minimizing manual effort. With customizable frameworks, flexible pricing, and a user-friendly interface, ZenGRC helps organizations achieve compliance and manage risks effortlessly. Trusted by global enterprises, ZenGRC’s commitment to security is certified by GDPR and SOC, ensuring data protection at the highest standards.

Craft's AI-driven platform delivers comprehensive supplier risk management solutions, giving businesses the tools to assess, manage, and mitigate risks in their supply chains. With features like Supplier Intelligence, multi-tier supplier mapping, and advanced event monitoring, Craft ensures that companies can identify vulnerabilities and optimize their procurement strategies. By providing visibility into critical risk areas such as financial health, cybersecurity, and compliance, Craft supports organizations in creating resilient and efficient supply chains capable of responding to global disruptions.

OneTrust's Third-Party Management solution revolutionizes the management of your third-party lifecycle through data-driven automation, moving away from a questionnaire-first methodology to a risk-oriented framework by integrating data that enhances the security and efficiency of your third-party ecosystem. This innovative approach automates previously manual processes and customizes assessments to meet the specific requirements of each third-party relationship, thereby significantly boosting the efficiency of evaluations. Users typically see an impressive average reduction of over 70% in both time and costs related to conducting third-party risk assessments, which helps streamline the onboarding process. The platform utilizes top-tier data sources to perpetually monitor the risk profiles of third parties and automatically addresses emerging risks as they arise. By synchronizing workstreams and uniting teams around shared workflows, data objects, inventories, and objectives, it fosters greater consistency and efficiency. Furthermore, the solution enhances internal capabilities by automating essential processes and facilitating centralized oversight of third-party inventories, ensuring a more robust and responsive risk management framework. Ultimately, this level of integration not only strengthens risk management but also supports strategic decision-making across the organization.

Enhance your global due diligence processes by either importing your current database or effortlessly exploring millions of companies to find verified and compliant ownership, financial information, certifications, and a wealth of additional data. This approach aids your team in identifying potential risks throughout your entire supply chain or third-party network while ensuring adherence to regulatory requirements. Reduce the workload with real-time alerts whenever a supplier or third party faces any risks. By specifying tolerance criteria, disruption events, or metrics for monitoring, you can surface pertinent data and receive notifications through your preferred channels. Moreover, gain insights and uncover efficiencies that lead to savings, all while having comprehensive reporting readily available, which accelerates your journey toward digital transformation in a cost-effective manner. Additionally, by following a structured process that aligns with your compliance standards, you can further enhance your organization's regulatory adherence.