OneTrust's Third-Party Risk Management (TPRM) is a comprehensive platform solution that automates third-party management processes across the entire lifecycle from initial intake, onboarding, risk assessment, mitigation, ongoing monitoring, to offboarding and reporting. The platform enables organizations to build, scale, and operationalize risk management processes through automated data collection, risk assessment, and business continuity monitoring across the third-party ecosystem. The system includes screening and monitoring tools within the OneTrust Third-Party Risk Exchange, providing real-time risk intelligence across multiple risk domains including financial, operations, compliance, ESG, and cyber risks. The platform maintains a unified inventory of third-party relationships and integrates with broader IT security frameworks to provide comprehensive visibility into third-party cyber risks while supporting industry standards.
