Landscape Report

Now Tech: Third-Party Risk Management Platforms, Q1 2022

Forrester’s Overview Of 22 Third-Party Risk Management Platform Providers

January 31st, 2022
Alla Valente, Senior Analyst
Alla Valente Senior Analyst
With contributors:
Amy DeMartine , Isabelle Raposo , Jen Barton

Summary

You can use third-party risk management (TPRM) to catalog, classify, and manage all third-party relationships across the organization; identify and mitigate risk throughout the lifecycle of the relationship; and protect the firm’s compliance, revenue, and reputation from risks stemming from a third party. But to realize these benefits, you’ll first have to select from a diverse set of vendors that vary by size, functionality, geography, and vertical market focus. Risk and compliance professionals should use this report to understand the value they can expect from a TPRM provider and to select one based on size and functionality.

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