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MetricStream Third-Party Risk Management provides organizations with an integrated, real-time view of the extended enterprise, enabling them to protect business from existing and potential threats from the third parties, while strengthening resilience, containing costs, and optimizing business performance. It automates the end-to-end processes of information gathering, onboarding, real-time monitoring, risk, compliance and control assessments and risk mitigation. An integrated and federated approach helps organizations to better manage third-party risks in a way that builds trust, confidence, and growth.

Third-Party Risk Management

Third-Party Risk Management


MetricStream Third-Party Risk Management built on the MetricStream Platform, provides an integrated, real-time view of the extended enterprise. Business are protected from existing and potential third-party threats. The product strengthens resilience, contains costs, and optimizes business performance. It automates the end-to-end processes for information gathering, on-boarding, real-time monitoring, risk, compliance and control assessments, and risk mitigation. An integrated and federated approach helps organizations to better manage third-party risks in a way that builds trust, confidence, and growth.

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  Third-Party Risk Management
80%

reduction in third-party onboarding time.

Business Value Delivered

  • Strengthen resilience by effectively predicting and protecting against third-party risks.
  • Prevent potential disruptions and losses from third-parties by creating a culture of risk-aware decision making.
  • Improve third-party negotiations with up-to-date insights on risk, performance, compliance, and issues.
  • Improve business and market agility and responsiveness with optimized third-party management processes.
BUSINESS VALUE CALCULATOR
Key Features
Intuitive Dashboards and Reports

Drive decision making based on a sound understanding of third-party risks, compliance, and performance with powerful reports and dashboards.
Onboarding Due Diligence

Simplify third-party intake. Streamline due diligence workflows with automated rating, assessments, segmentation, and qualification to prevent third-party risk incidents.
Continuous Third-Party Monitoring

Leverage content from partners to monitor cybersecurity, financial, sustainability, regulatory, disaster and hazard, country corruption, and commercial and reputational risks.
Periodic Third-Party Due Diligence

Enable consistent third-party risk and compliance assessments with pre-defined questionnaires. Automate risk scoring. Trigger risk mitigation based on risk impact.
Third-Party Risk Management
More Insights
Articles
  • How to Boost Your Third-Party Management Program
    Strengthen your ability to prevent, detect, and respond to third-party risks and disruptions with these 9 proactive steps. Learn more
  • GRC 2019: The Known Unknowns
    How will GRC roles evolve in the coming year? What are the weak links to watch out for? Find out in MetricStream’s report on the trends and… Learn more
  • 5 Emerging GRC Trends
    Gaurav Kapoor, Chief Operating Officer, MetricStream, writes about the key GRC themes and trends that are emerging from customer conversations. Learn more
  • GRC Summit 2019 – Key Highlights
    A compilation of some of the most popular sessions from the GRC Summit 2019 in Baltimore, including keynotes, panel discussions, analyst sessions,… Learn more
Analyst Reports
  • Bridging the gap between Business GRC and IT GRC
    In this report, leading analyst firm KuppingerCole analyzes MetricStream's IT-GRC Solution portfolio and its relevance in the current IT landscape… Learn more
  • Chartis Research Report 2019
    MetricStream Positioned as a “Category Leader” in Six Quadrants in the Chartis Research Enterprise GRC Solutions Report, 2019 Learn more
  • We’re Delighted to Be Recognized as a Leader in the 2020 Gartner Magic Quadrant for IT Vendor Risk Management Tools
    Recognized as a Leader in the 2020 Gartner Magic Quadrant for IT Vendor Risk Management Tools, we believe that our positioning in the Magic… Learn more
  • MetricStream Recognized as a Leader in the 2020 Gartner Magic Quadrant for IT Risk Management Solutions
    Find out more about MetricStream’s positioning and the landscape of IT risk management solutions in this Gartner report. Learn more
Product Overview
  • Third-Party Risk Management Product Overview
    Third-Party Risk Management empowers businesses to efficiently manage third-party risks, compliance, performance, and issues. Learn more
  • Boost Your Third-party Management Programs with Real-time Third-party Information Security Ratings from BitSight
    As third- and fourth-party risk management mature, regulators, investors and stakeholders want to scrutinize over how organizations are managing… Learn more
eBooks
  • The Future of Integrated Risk Management
    As markets and organizations grow more interconnected, so also do the associated risks. Learn more
  • Curated Insights on IT GRC
    Organizations today face a powerful cocktail of risks. Learn more
  • Boosting Third-Party Risk Management in a Time of Uncertainty
    Just about everything we do today has some level of third-party involvement whether we’re aware of it or not. Learn more
  • A Holistic Approach to Compliance that Promotes a Culture of Trust and Integrity
    A strong compliance function is critical to organizational success. In this eBook, discover key focus areas in building a strong compliance… Learn more
Customer Experience
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Better Insights.
Better Decisions.
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Measurable Outcomes

Enable a single source of truth across third-party risk, compliance, performance, and issues for real-time, risk-aware decision making.

MetricStream Third-Party Risk Management enables you to effectively predict and protect against third-party risks. It enables an efficient process which provides in-depth visibility into third-party relationships and enhances risk awareness. Analytics and automation provide forward-looking risk intelligence which help accelerate responses to risk events. Organizations can build business resilience by seamlessly embedding risk management practices into third-party management processes, thus strengthening their risk posture. Potential disruptions and losses from third parties can be prevented by creating a culture of risk-aware decision making.

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