Third Party Risk Management
- Centralize vendors
- Idenitfy & review risk
- Report & act
Trusted by privacy teams at leading organizations
Everything you need for third-party risk management in one place
Vendor Questionnaires
Easily allow vendors to complete questionnaires, which automatically generates vendors, contacts, risks, tasks, and much more into fully centralized & linked registers.
Initial & Residual Risk
Keep track of initial risk, mitigations, threats, vulnerabilities, and define your residual risk.
Mitigation & Follow-up
Document mitigations, track their status, create tasks for follow-up.
Automated (yearly) review
Define periodic review for all items, Responsum will automate task creation, follow-up, and reporting for yearly or other periodic review.
Link to anything
Risks can come from Third Parties, IM systems, processing activities, assessments, processes, control requirements, and much more. They can be mitigated by processes, policies, documents, agreements, and much more. Link it all together in one place.
Ultimate Flexibility
Our best-in-class customization allows you to customize the tool to meet your processes, and any niche legal requirements you might have.
Case Study
How Brussels Airport Took Privacy Management to New Heights
Discover how Brussels Airport Company streamlined privacy operations, boosted team collaboration, and gained full oversight by centralizing their privacy management with Responsum.
One platform to manage all your vendor and third-party risks
Track all vendor info
Centralized vendor records
Vendors, contacts, agreements, contracts, certifications. Collect and manage everything in one place. Keep it structured and always up to date.
Monitor vendor risks and actions
Full visibility on risk, mitigation, and follow-up
Document identified risks, assign mitigation actions, and track implementation. Log residual risk to stay audit-ready.
Plan with insight
Risk matrix and roadmaps in one view
Use the risk matrix to spot key residual risks. Build integrated roadmaps to assign tasks and follow up on progress.
Centrally manage shared risk
One hub for Privacy, Security, AI, and more
Manage cross-domain risks across Privacy, Security, AI Governance, Third Parties, Business Continuity, and beyond. Keep oversight. Work smarter.
Third party risk management FAQs
What is third-party risk management in data protection?
Why is managing third-party risk important for GDPR?
What should be included in a third-party risk assessment?
How often should vendors be reassessed?
What is the difference between third-party and fourth-party risk?
Who is responsible for managing third-party risk?
What are common third-party risk mitigation strategies?
Ready to take control of third-party risk?
Don’t let vendor risk fly under the radar. Get hands-on with our user-friendly platform and see how it can help you navigate compliance, protect sensitive data, and grow your business securely.
