SureCloud Third Party Risk Manager

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SureCloud Third Party Risk Manager

Streamlining Third-Party Risk Management

Executive Summary

When the organization approaches third-party management in scattered silos that do not collaborate with each other, there is no possibility to be intelligent about third-party performance, risk management, compliance, and impact on the organization. An ad hoc approach to third-party management results in poor visibility across the organization, because there is no framework or architecture for managing third-party risk and compliance as an integrated framework. It is time for organizations to step back and define a cross-functional strategy to define and govern risk in third-party relationships that is supported and automated with information and technology.

SureCloud Third Party Risk Manager is a third-party management solution that GRC 20/20 has researched and evaluated, that is capable of managing third-party risk in organizations. SureCloud delivers a third-party management solution to identify, assess, and mitigate risk in third-party relationships across the organization. The solution can be deployed to manage specific third-party risks (e.g., information security, privacy, human rights) or can be implemented as a platform to manage the range of third-party risks across the organization. GRC 20/20 finds that the SureCloud solution enables organizations to be efficient, effective, and agile in their third-party management strategy and processes. SureCloud Third Party Risk Manager is well suited for use in organizations of all sizes and industries that are looking for an efficient, effective, and agile approach to third-party management.

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Description

SureCloud Third Party Risk Manager

Streamlining Third-Party Risk Management

Executive Summary

When the organization approaches third-party management in scattered silos that do not collaborate with each other, there is no possibility to be intelligent about third-party performance, risk management, compliance, and impact on the organization. An ad hoc approach to third-party management results in poor visibility across the organization, because there is no framework or architecture for managing third-party risk and compliance as an integrated framework. It is time for organizations to step back and define a cross-functional strategy to define and govern risk in third-party relationships that is supported and automated with information and technology.

SureCloud Third Party Risk Manager is a third-party management solution that GRC 20/20 has researched and evaluated, that is capable of managing third-party risk in organizations. SureCloud delivers a third-party management solution to identify, assess, and mitigate risk in third-party relationships across the organization. The solution can be deployed to manage specific third-party risks (e.g., information security, privacy, human rights) or can be implemented as a platform to manage the range of third-party risks across the organization. GRC 20/20 finds that the SureCloud solution enables organizations to be efficient, effective, and agile in their third-party management strategy and processes. SureCloud Third Party Risk Manager is well suited for use in organizations of all sizes and industries that are looking for an efficient, effective, and agile approach to third-party management.

Table of Contents

  • Addressing the Exposure of Third-Party Risks
    • Gaining Control of the Interconnected Mesh of Relationships
    • Inevitable Failure of Silos of Third-Party Governance
  • SureCloud Third Party Risk Manager
    • Streamlining Third-Party Risk Management
    • What SureCloud Third Party Risk Manager Does
    • SureCloud Third Party Risk Manager Enables Third-Party Management
    • Foundational Capabilities in SureCloud Third Party Risk Manager
    • Benefits of SureCloud Third Party Risk Manager
    • Considerations in Context of SureCloud Third Party Risk Manager
  • About GRC 20/20 Research, LLC
  • Research Methodology

Author

rasmussenMichael Rasmussen – The GRC Pundit @ GRC 20/20 Research, Michael Rasmussen is an internationally recognized pundit on governance, risk management, and compliance (GRC) – with specific expertise on the topics of GRC strategy, process, information, and technology architectures and solutions. With 23+ years of experience, Michael helps organizations improve GRC processes, design and implement GRC architectures, and select solutions that are effective, efficient, and agile. He is a sought-after keynote speaker, author, and advisor and is noted as the “Father of GRC” — being the first to define and model the GRC market in February 2002 while at Forrester Research, Inc.


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No part of this publication may be reproduced, adapted, stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of GRC 20/20 Research, LLC. If you are authorized to access this publication, your use of it is subject to the Usage Guidelines established in client contract. The information contained in this publication is believed to be accurate and has been obtained from sources believed to be reliable but cannot be guaranteed and is subject to change. GRC 20/20 accepts no liability whatever for actions taken based on information that may subsequently prove to be incorrect or errors in analysis. This research contains opinions of GRC 20/20 analysts and should not be construed as statements of fact.  GRC 20/20 disclaims all warranties as to the accuracy, completeness or adequacy of such information and shall have no liability for errors, omissions or inadequacies in such information.  Although GRC 20/20 may include a discussion of related legal issues, GRC 20/20 does not provide legal advice or services and its research should not be construed or used as such.[/vc_column_text][/vc_column][/vc_row]

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