Access Existing Vendor Profiles
A Company Needs Other Companies
ThirdPartyTrust allows companies to both assess new third party vendors and complete security requirements from their own customers. With the ability to build their own security profile, a company can easily turn into a third party vendor itself, harnessing information sharing advantages to build a true network and increase the collective intelligence of an industry.
The Many to Many Approach
Enterprises can save time by accessing already existing profiles and by inviting new third-parties to the network. Thus, increasing visibility and gaining further insight into fourth-parties.
This network approach proves to be an effective way of interaction that incentivizes participation and avoids the cost of data collection.
Better Incentives with a Network
A collaborative effort only works when all the partners are incentivized to participate. ThirdPartyTrust allows companies to increase their vendor assessment rate quickly because we developed a tool that their third parties also want to use. Thus, redundancies are removed on both ends and time to completion is reduced from months to weeks.
Simplified, next generation vendor management solution