Get Instant Visibility into Third Parties with Onspring
Organizations are seeing the value of managing third-party risk throughout the relationship, not just during certification, by implementing monitoring requirements to respond to risk events and maintain compliance with policies and regulations.
Identification
- maintain third-party inventory
- conduct business engagement survey
- tier engagements by risk
- scope risk profiles
Assessment
- conduct discovery survey
- collect industry standards & fourth-party documentation
- conduct engagement risk questionnaire and optional privacy questionnaire
Analysis
- review responses
- request additional information
- document deficiencies
- update risk domain scores
- report results
Remediation
- review observations
- potentially escalate to findings or exceptions
- begin contract process
Monitoring
- conduct selection surveys
- conduct active engagement performance surveys
- set risk tier schedule
- monitor security ratings services
- request information as needed
That’s why Onspring provides a systematic, risk-based approach to manage the full third-party lifecycle to manage individual engagements, from risk tiering and upfront control documentation, to due diligence, remediation and ongoing assessments, even continuous monitoring of cyber and financial risk.
Get Instant Visibility into Third Parties with Onspring
Organizations are seeing the value of managing third-party risk throughout the relationship, not just during certification, by implementing monitoring requirements to respond to risk events and maintain compliance with policies and regulations.
That’s why Onspring provides a systematic, risk-based approach to manage the full third-party lifecycle to manage individual engagements, from risk tiering and upfront control documentation, to due diligence, remediation and ongoing assessments, even continuous monitoring of cyber and financial risk.
Proactive & Scalable Third-party Risk Software
Pre-assessment, defensible evidence alignment
Collect and review vendor documentation—such as SOC 2, ISO-27001, etc. or CAIQ, SIG, and/or VSA Questionnaire—for risk domains prior to the execution of Engagement Risk Questionnaire
- Document Nth parties being leveraged to deliver the service or product in scope of related third-party engagements.
Full third-party lifecycle management
Automate due diligence, onboarding, contract review, performance monitoring and offboarding
- Analyze 4th party relationships and beyond to safeguard your data through its entire journey
- Centralize & catalog third-party risk profiles by cohort, spend level or rating
Assess, manage, and monitor
- Automated reminders and workflows for sending, collecting, scoring and tiering external risk evaluations
- Automated, dynamic surveys based on industry standards, regulatory requirements and risk domains ask only relevant questions to reduce redundancy and fatigue
- Cut through the noise of out-of-scope domains by tailoring assessments based on discovery activities to focus on third parties with unaddressed topics in high-risk tiers
- Real-time visibility into the status of risk assessment findings, associated controls and corrective actions
- Systems and controls monitoring outside of normal assessment timeframes, such as SOC 2 reports, PCI assessments and ISO certification
Real-time risk reporting
- Comprehensive risk scoring and criticality ratings from evaluations combined with cyber and financial monitoring services, such as RiskRecon, BitSight, SecurityScorecard, RapidRatings, and Black Kite to act decisively when an incident affects your vendors in real time
- Granular access control for roles, including staff, management and leadership
Fastest ROI Around
Third-party Risk Management Case Study
How the World’s Largest Logistics Company’s Responded to Log4j
When the critical Log4j vulnerability broke, the world’s largest transportation service needed to identify and track its high-risk SaaS providers to full remediation ASAP.
Learn how their fast-acting, vendor risk management team leaned into Onspring’s engagement risk assessments to create an integrated vulnerability management dashboard, vendor vulnerability app and Log4j control survey in just one week.
Onspring software features that make third-party risk management easier
See why customers love our no-code third-party/vendor risk management software
Reviews & Ratings
FAQS
Complete Your GRC Suite
Onspring centralizes compliance activities for better control & visibility.
Onspring’s risk management software saves time, increases visibility, and centralizes risk data for incredible efficiency.
Onspring offers a comprehensive GRC suite for all your governance, risk, IT & compliance efforts.
