Discover and Remediate Faster with Better Collaboration

Vendor risk management is a process that involves multiple stakeholders. Internally at companies as well as at their vendors. Working together inside one platform is how can increase efficiency and shorten completion times.

Collaboration also means transparency between vendors and enterprises. When a vendor uses ThirdPartyTrust, multiple individuals can access the platform at once, they can see exactly what needs to be done, how far they are along with completing their profile and any open issues / findings. Vendors can also chat directly with security analysts to resolve findings in the platform. 

Depending on the service a vendors is providing it might require deeper or lighter documentation during an assessment. Information security teams can tailor the assessment process to business needs and provide access to the business units that might be wondering where they are in completion. For example, if a vendor that has access to PHI, PHI or other sensitive data will require a more rigorous set of questions and documentation. 

Increase Transparency on Assessment Progress

Business unit leaders are constantly asking for updates related to where vendor assessments go or why it’s being held up in a security review. With the ThirdPartyTrust platform, information security teams can share with business leaders the high level process of a vendor assessment and status with a real-time progress bar.

Inviting the business leaders into the process streamlines assessments. When business unit leaders can see issues that have arisen, they can step, to nudge the vendor along in remediating issues. With a simple privileged access invite and setup, information security teams can create more transparency and better streamline vendor assessments.

Streamline the Process Through Collaboration

Removing emails and phone calls is a key goal of our tool. We’ve developed discussions features allowing vendors to chat directly with security analysts directly inside the platform. They can ask questions, resolve findings in questionnaires and talk about exceptions without having to leave the platform.

Additionally, when a vendor is answering questionnaires or gathering information, multiple users can be in at once. If you’re a vendor to more than one enterprise that is using ThirdPartyTrust, multiple team members can be answering different questionnaires at one time.


“All in all, it has helped to streamline our security review and assessment process.”

Business Security Liaison, Trustmark Companies