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Third-Party Risk Management

Reduce risk, protect your brand, and improve organizational resilience and compliance enterprise-wide. Take control of the third-party risk lifecycle.

Benefits of Third-party Risk Management

Improve visibility

View the status of assessments, issues, and tasks across your third-party ecosystem.

Make better-informed decisions

Identify emerging risks using assessments and continuous monitoring.

Boost efficiency

Improve collaboration while automating processes and consistent workflows across your third parties.

Manage risk across the enterprise

Get a holistic view of risk that includes third-party risk scores and integrated risk management (IRM).

Features of Third-party Risk Management

Easier onboarding, offboarding, & renewals due diligence

Due diligence workflows

Perform onboarding, offboarding, and renewals due diligence with simplified, automated built-in processes.

Use third-party scores & ratings to supplement risk data

Risk intelligence and monitoring

Integrate targeted risk intelligence scores and ratings for domain expertise, insights, and ongoing monitoring.

Use Third-party Risk Management for online assessments

Assessment management

Use online assessments for faster, higher-quality responses.

Collaborate & share in one place

Third-party portal

Connect and collaborate with third parties in a single home for all exchanges.

Additional Features

Concentration risk map

Gain a comprehensive view of all third parties, engagements, and their associated risk posture.

Portfolio management

Eliminate spreadsheets with a single database of third-party product info and a self-service portal.

Issues and remediation

Automate issue generation, design remediation plans, and chat in real time to resolve issues fast.

Aggregated risk scores

Calculate risk scores throughout the hierarchy for an up-to-date, top-down, and bottom-up view of risk.

Risk areas

Assess each engagement based on areas of risk, such as bankruptcy, delivery, and security.

Single sign on (SSO)

Improve security for third-party contacts while seamlessly authenticating into the third-party portal.

GRC integration

Integrate with Government, Risk, and Compliance applications for an extended enterprise view of risk.

Integration with Vendor Management Workspace

Manage third-party performance and risk in one destination with Vendor Management Workspace integration.

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Talk to an expert

Get answers to your questions and discover how ServiceNow® can help you reduce risk and take control of the third-party risk lifecycle.