THIRD-PARTY RISK MANAGEMENT

How the Assessment Exchange Model Revolutionizes Vendor Due Diligence

A data-first approach to third-party due diligence modernizes how we vet service providers. Download our white paper for practical steps to reduce assessment work with exchange data.

Lorem ipsum dolor sit amet consectetur adipisicing elit. Reiciendis alias a voluptate vel sit facere quam dolorum, similique quisquam adipisci cupiditate qui ab maxime soluta. Aliquid quos quas hic, id et itaque quo dicta rerum aut ipsam, libero repudiandae inventore est similique quis assumenda impedit? Lorem ipsum dolor sit amet consectetur adipisicing elit. Reiciendis alias a voluptate vel sit facere quam dolorum, similique quisquam adipisci cupiditate qui ab maxime soluta. Aliquid quos quas hic, id et itaque quo dicta rerum aut ipsam, libero repudiandae inventore est similique quis assumenda impedit?

A risk exchange is a transformative concept designed to make third-party risk management more efficient, more effective, and to allow teams to manage an increasing regulatory and risk burden without cutting corners or burning out their analysts. Essentially, an exchange operates as a centralized hub where businesses and their third parties can share and access standardized third-party assessments and insights in real-time.

As paying customers, organizations fund the assessment validation process and share the results with other exchange users. Third parties can share their assessment results and supporting documentation with the customers of their choice, significantly reducing their assessment response workload and granting their customers access to high-quality, validated data.

Download the white paper to TPRM exchanges and learn how to:

Get assessment responses from large, hard-to-assess vendors
Evolve your program to hybrid due diligence assessments
Significantly reduce assessment workloads while increasing portfolio coverage
Select an exchange platform that’s right for your program

Download Your Free White Paper