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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
Business Value Delivered
80%

reduction in third-party onboarding time.

  • 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
  • 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
  • The MetricStream GRC eBook
    Curated insights, whitepapers, and case studies on governance, risk, compliance (GRC), audit, and cybersecurity. Learn more
  • What Will the Future of GRC Look Like?
    To drive business growth and performance, GRC programs need to be simple, pervasive, intelligent, and cloud-based. How do you achieve these… Learn more
  • The Power of Agile GRC
    Learn about the 4 steps that organizations can take to build agile and adaptable GRC programs. 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
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
  • 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
eBooks
  • Revisiting the Challenge to Delivering a Status of Operational Resilience in Financial Markets Through an Integrated Risk Management Approach
    Much before the COVID-19 pandemic, regulators were already focusing substantially on regulations and reporting standards to ensure compliance by… Learn more
  • How Risk Professionals Are Preparing for a New Normal
    A robust risk management and control program is critical to ensure organizational resilience. Read this eBook to explore the six key takeaways… Learn more
  • Top 5 Operational Resilience Challenges in the Post-pandemic Era
    Based on a recent peer-to-peer roundtable discussion, here is a look at the five top operational risks faced by the organizations in their pursuit… Learn more
  • Powering What’s Next with a Modern, Agile, and Integrated Approach to Risk
    Read this eBook to explore the 5 key steps that organizations can take to power through the current crisis and build stronger, better businesses… Learn more
Customer Experience
Client Companies
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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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