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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 M7 Integrated Risk Platform - intelligent by design, 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, 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.

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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

Automate validation of third-party data and identify red flags based on globally sourced content to control third-party risk exposure.
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
Analyst Report
  • The Forrester Wave™: Third-Party Risk Management Platforms, Q4 2020
    We are pleased to be recognized as a Strong Performer for Third-Party Risk Management Learn more
  • Gartner IT Risk Management 2020
    MetricStream Recognized as a Leader in the 2020 Gartner Magic Quadrant for IT Risk Management Solutions Learn more
  • Gartner IT VRM 2020
    We’re Delighted to Be Recognized as a Leader in the 2020 Gartner Magic Quadrant for IT Vendor Risk Management Tools 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
Insight
  • Sharpening the Focus on Compliance During Times of Uncertainty
    This insight highlights key recommendations on how compliance professionals can step up, sharpen their focus and stay on top of existing and new… Learn more
  • 6 Reasons Why Organizations Need to Quantify IT and Cyber Risk
    Learn about the advantages of quantifying your cyber and IT risks to achieve a competitive advantage and a robust cybersecurity program. Learn more
  • Are You Prepared for the Risks on the Horizon?
    An overview of how organizations need to quickly pivot and respond to new risks with increased focus on risk awareness. Learn more
  • Overcoming Systemic Risks with Integrated Risk Management
    The economic, social, and political repercussions of the pandemic along with the globalization of supply chains, financial markets, data networks,… 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
eBook
  • 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
  • Curated Insights on IT GRC
    Organizations today face a powerful cocktail of risks. Learn more
  • The Future of Integrated Risk Management
    As markets and organizations grow more interconnected, so also do the associated risks. 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
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.