Best in Class in Third Party GRC Management – Small Enterprise

The modern business depends on, and is defined by, the governance, risk management, and compliance of third-party relationships to ensure the organization can reliably achieve objectives, manage uncertainty, and act with integrity in each of its third-party relationships. A haphazard department and document-centric approach for third-party risk management compounds the problem and does not solve it. Organizations need to address third-party GRC with an integrated strategy, process, and architecture to manage third-party relationships with real-time information and risk intelligence. 

Whispir, a communications intelligence company that serves over 800 customers, wanted to accelerate and improve their third-party risk management process. Whispir had participated in third-party cyber risk management (TPCRM) audits by many of their customers, which was a hugely inefficient and costly process for them and their customers alike. As many SaaS companies can relate to, Whispir’s customers would submit a myriad of bespoke security questionnaires and framework templates–thinking that theirs were unique–making it impossible for the information security team to centrally control audits. 

GRC 20/20 has evaluated and verified the implementation of CyberGRX at Whispir and confirms that this implementation has achieved a remarkable case study in how to address third-party, GRC/risk management with clear benefits achieved. 

This approach is “best in class”, and in that context GRC 20/20 recognizes Whispir and CyberGRX with a 2023 Best in Class GRC Award in the Category of Third-Party Risk Management – Small Enterprise (under 1,000 employees).

Have a question about CyberGRX or other solutions for Third-Party GRC/Risk Management available in the market?

Table of Contents

  • The Modern Organization is a Web of Relationships

  • Whispir

    • Best in Class in Third-Party Risk Management – Small Enterprise

      • Third-party Risk Management Strategy

      • Third-Party Risk Management Process

      • Third-Party Risk Management Managed Service

    • Benefits Fusion Delivered to Whispir

      • Efficient

      • Effective

      • Agile

    • Whispir Achieved Best in Class Third-party Risk Management

  • GRC 20/20’s Final Perspective

  • Research Methodology

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