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In many people’s minds, artificial intelligence (AI) is associated with self-driving cars or anthropomorphic characterizations like C-3PO from Star Wars or HAL, the murderous computer in “2001: A Space Odyssey.” So when vendors start talking about using AI for TPRM, many people envision a scenario in which they give up user control of the system and put the technology in charge of the process. In fact, a practical and strategic approach to AI doesn’t replace human intelligence at all; it reflects, refines, and complements it, so that humans are more efficient at making better decisions that result in better outcomes.

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Managing third parties is more than a one-time assessment. It is a relationship that must be managed throughout the third-party risk management (TPRM) lifecycle, from screening, onboarding, assessment, risk mitigation, monitoring, and offboarding.

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Results of the 2021 TPRM Benchmarking Survey

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Since its emergence, third-party risk management (TPRM) practices have been in a constant state of trying to play ‘catch-up’. Catch up to risks, catch up to regulatory change, catch up to business requirements.

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In this eBook you’ll learn how to successfully complete these tasks with and without compliance software. This way, you can decide which path to compliance makes the most sense for you and your business.

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Recent trends indicate that it’s no longer enough to only address cybersecurity internally. Cybercriminals are rapidly advancing their tactics by targeting an organization’s third parties, vendors and suppliers – and it’s working.

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In our 27-criterion evaluation of third-party risk management (TPRM) platform providers, we identified the 12 most significant ones — Aravo, Archer, Coupa, Diligent, LogicGate, LogicManager, MetricStream, NAVEX, OneTrust, Prevalent, ProcessUnity, and ServiceNow — and researched, analyzed, and scored them.

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How to Plan When You Don’t Know What You Don’t Know.

MetricStream TPRM

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