ServiceNow named a Leader in Third-Party Risk Management Platforms by Independent Research Firm
The solution is recognized for “connecting key stakeholders across the organization around the TPRM lifecycle”
According to the report, “ServiceNow’s strengths are strong features to communicate and collaborate on risk internally and with third parties.”
ServiceNow’s risk management solutions address the growing needs of employees across the enterprise while also improving the mitigation and management of ESG, Cyber, Financial, Regulatory, Geopolitical and other risks impacting the organization's third-party ecosystem.
“Diverse and resilient ecosystems of customers, suppliers, and partners are a business imperative in today's climate,” said
ServiceNow’s Third-Party Risk Management solution helps organizations optimize the third-party risk assessment process with risk intelligence and insights, combined with ServiceNow’s industry-recognized risk management capabilities built into the Now platform. This enables organizations to:
- Improve efficiency by automating redundant, manual tasks, like sending, tracking, and processing assessments.
- Breakdown siloes and increase compliance by standardizing processes for third-party risk assessments.
- Help drive better decision making by improving information quality and embedding risk assessments into business workflows, including procurement.
- Build operational resiliency by integrating third-party risk with enterprise and operational risk programs on a single platform.
- Adhere to stringent global compliance standards like The European Cyber Resilience Act, Digital Operational Resilience Act (DORA), NERC-CIP, and other risk regulations.
Additional Information:
- Visit ServiceNow’s Third-Party Risk Management page for more information on the solutions.
- Read a complimentary copy of The Forrester Wave Third-Party Risk Management, Q1 2024, report
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