As the process with working with hundreds of vendors can seem daunting, managing issues doesn’t have to be, as long as you can do it all in one place. The ThirdPartytrust tool enables a cross-functional, co-operative workflow for issue management. It’s a consistent mechanism for converting gaps and issues identified by various assessment processes into action items. Documenting, tracking and reporting on issues with ThirdPartyTrust is seamless.
A finding consists of the following:
- A new, in progress or completed status
- A remediation date set by the vendor
- Discussion threads with the vendor
- Internal notes and comments
- Documents related to resolution