TPRM Overview
One platform for enterprise automation
Centralize the management of your third parties in one location and transform the vendor assessment process. Native intelligence from the Now Platform® breaks down silos and provides cross-functional visibility across your third-party ecosystem.
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Features of Third-party Risk Management
Third-party Risk Management (TPRM) comprises key features that can scale with you as your needs change.
Onboarding, offboarding, and renewals due diligence
Perform due diligence and assessments at all relationship stages with automated built-in processes.
Third-party portal
Connect and collaborate with third parties in a single place for all risk management activities.
Risk intelligence and ongoing monitoring
Integrate targeted risk intelligence scores and ratings for insights and continuous monitoring.
Concentration risk map
Gain a comprehensive view of all third parties, engagements, and their associated risk postures.
Third-party portfolio management
Eliminate spreadsheets with a single database for third-party information.
Third-party risk management workspace
Help your team manage third-party performance and risk, all in one place.
Issue management and remediation
Automate issue generation, design remediation plans, and chat in real time to resolve issues fast.
Aggregated risk scores
Calculate scores throughout the hierarchy for an up-to-date, top-down, and bottom-up risk view.
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Do more with Third-party Risk Management
Combine TPRM with other products and apps to create a powerhouse technology platform. Take control throughout every stage of the third-party risk lifecycle.
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Explore further
Dive into overview articles on a variety of topics related to Third-party Risk Management.
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What is third-party risk management?
What is GRC?
What is risk management?
What is operational resilience?
What is the difference between ServiceNow and Jira?
Benefits
Benefits
Take control throughout every stage of the risk lifecycle with Third-party Risk Management.
Strengthen risk mitigation
Raise the bar on third-party quality by embedding risk practices into onboarding. Connect critical stakeholders, streamline procurement processes, and drive compliance to enable business continuity for a more resilient enterprise.
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Increase visibility
Maintain consistent oversight of third parties between assessments and remain continuously informed of changes that may impact the third-party portfolio. View the status of assessments, issues, and tasks across your third-party ecosystem.
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Improve decision-making
Identify emerging risks with help from assessments and continuous monitoring. Improve information quality to inform your decisions. Contextualize third-party risk by embedding risk practices into business workflows.
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Platform
Built on the Now Platform®
Third-party Risk Management includes powerful platform capabilities so you can break down silos and gain visibility across your third-party ecosystem. Transform your business with a single, unifying platform for the enterprise.
One platform to make work flow
Now Platform is the single cloud application platform all ServiceNow products run on. Automate, simplify, and connect work across the enterprise to move your business forward.
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Actionable insights
Get work done faster with AI-powered experiences. Give everyone in your organization the insights they need to make smarter decisions and improve business processes.
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Single data model
Say goodbye to manual data inputs, redundancy, and siloed tasks. Eliminate information silos with one data source for your enterprise.
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Automated business processes
Connect teams with end-to-end digital workflows. Remove bottlenecks by automating manual processes with a simple, drag-and-drop interface.
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Security lives at the center of all we do
Data security is critical to your business. The Now Platform arms you with the tools and processes you need to improve your security posture. We also help you adhere to regulatory compliance to keep sensitive data safe.
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Certified integrations
TPRM integrates easily with partner and third-party applications.
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Add Bitsight third-party security performance data automatically to your ServiceNow instance.
Rate and understand the cyber security risk of any vendor in your portfolio.
Understand and prioritize cyber threats based on proactive monitoring and risk scores of third-party cyber environments.
Streamline the Standard Information Gathering (SIG) process for assessing third-party risk.
Collect, manage, visualize, and report on third-party ESG data.
Get full, real-time threat context to proactively monitor and mitigate third-party risks.
Access third-party risk data assessments within your ServiceNow offering to streamline TPRM workflows.
Gain insights into risks in your supply chain for data-informed decision-making.
Resources
CTA Primary
CTA Secondary
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Find out how TPRM transforms the error-prone, time-consuming process of assessing third-party risk.
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Monitor third-party risks and take immediate action when issues arise. Here’s a two-pronged approach to get you started.
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The Now Platform® connects people, functions, and systems across your business. Check out the latest apps and capabilities.
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INFOGRAPHIC
TPRM Business Value at ServiceNow
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Ebooks
4 Steps to Manage Risk and Resilience in Real Time
6 Ways to Recession-Proof Your Business
Infographics
7 Strategic Insights into Operational Resilience
White papers
Total Business Value of ServiceNow Integrated Risk Products
Prepare for New Risks: How to Build Business-Wide Resilience
What the industry experts are saying
Discover how ServiceNow stacks up against other providers of third-party risk management platforms.
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Look who’s winning with ServiceNow
See how other companies break down silos and improve visibility across their third-party ecosystem.
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Uber digitizes risk to manage its complete policy lifecycle, with visibility into the regulatory horizon.
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Novartis reduces system complexity and streamlines third-party risk management processes.
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Talk to an expert
Connect with us to reduce risk and take control of the third-party risk lifecycle.
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