Find out what your peers are saying about OneTrust, SecurityScorecard, BitSight and others in IT Vendor Risk Management.
| Product | Market Share (%) |
|---|---|
| ServiceNow Vendor Risk Management | 4.5% |
| SureCloud GRC Software | 0.3% |
| Other | 95.2% |
ServiceNow Vendor Risk Management helps organizations assess and monitor vendor risks efficiently. It streamlines third-party risk management to ensure compliance and protect data integrity.
Delivering comprehensive risk assessments and ongoing monitoring, ServiceNow Vendor Risk Management allows businesses to mitigate risks associated with third-party vendors. By automating the risk management process, it reduces manual effort and enhances visibility into vendor performance. Users appreciate its capability to integrate with existing workflows, providing a centralized platform for managing vendor risks. Some users suggest improvements in reporting features to further enhance data analysis and insights.
What are the most valuable features?In industries like finance and healthcare, where vendor risk is a critical concern, ServiceNow Vendor Risk Management is frequently implemented to ensure compliance and manage risks effectively. Its ability to automate and streamline processes supports these sectors in achieving their risk management goals while adapting to industry-specific requirements.
This comprehensive cloud-based GRC software by SureCloud empowers businesses of all sizes to streamline their risk and compliance processes effortlessly. With its user-friendly interface and adaptable features, it accommodates diverse industry needs. SureCloud's GRC software offers robust functionalities, including risk assessment and management, compliance adherence to regulations like SOC 2, ISO 27001, and GDPR, vendor risk assessment and monitoring, data privacy compliance, and cyber risk management. It's the go-to solution for organizations seeking a holistic and user-friendly approach to Governance, Risk, and Compliance.
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