OneTrust Third-Party Management Reviews & Product Details

Automate onboarding and assessment Onboarding and assessing third parties is resource intensive, with growing business demands, new and emerging risks, and regulatory compliance demands outpacing the capacity of even the most mature risk teams. Our solution streamlines this process by centralizing and automating key steps of third-party onboarding and assessment workflows. KEY CAPABILITIES -Automate intake screening against risk rating and compliance databases -Contextually tier and triage third parties to guide workflow priority and assessment depth -Use AI to ingest external risk evidence and generate questionnaire response -Fast-track “low-risk” third parties through auto-approval workflows Surface and treat issues and risks Third-party breaches and outages are increasing, and standard, periodic assessments can’t keep up. Our solution increases real-time visibility into evolving third-party issues and risks to support proactive remediation workflows. KEY CAPABILITIES -Assess third parties across multiple risk domains to evaluate security, privacy, ethics, compliance, and more -Assign owners and track issues, risks, and tasks, across internal and external teams -Streamline third-party communication and follow-up through integrated assessments -Enable collaborative risk acceptance and clear accountability

Seller

OneTrust

Discussions

OneTrust Third-Party Management Community

Product Description

OneTrust Third-Party Risk Management is a comprehensive solution designed to automate and streamline the entire third-party lifecycle, encompassing onboarding, assessment, risk mitigation, reporting, monitoring, and offboarding. By centralizing third-party data and automating risk assessments, organizations can effectively manage vendor relationships, reduce potential risks, and ensure compliance with regulatory standards. Key Features and Functionality: - Centralized Third-Party Inventory: Aggregate and manage all third-party details within a single, editable profile, providing a unified view of vendor relationships. - Automated Risk Assessments: Utilize out-of-the-box templates or customize assessments to evaluate third-party risks efficiently, ensuring relevant questions are addressed based on vendor responses. - Continuous Monitoring: Implement real-time monitoring of third-party performance, with automated alerts and workflows triggered by detected risks or vulnerabilities. - Risk Mitigation Workflows: Access built-in control frameworks and automated mitigation recommendations to address identified risks promptly. - Compliance Reporting: Generate detailed reports and maintain records to demonstrate compliance with regulatory requirements, facilitating audits and stakeholder communication. Primary Value and Problem Solved: OneTrust Third-Party Risk Management addresses the complexities associated with managing third-party relationships by providing a centralized platform that automates risk assessments and monitoring processes. This solution enhances operational efficiency, reduces reputational and regulatory risks, and fosters trusted partnerships with vendors. By streamlining the third-party management lifecycle, organizations can focus on their core business objectives while ensuring robust risk management practices are in place.

Overview by

Cheryl Rasmuson

Top-Rated Alternatives

View All Alternatives

OneTrust Third-Party Management Media

OneTrust Third-Party Management Demo - Third Party Risk Dashboard

Fast-track third-party risk assessments by up to 70% with AI-powered data collection, user-configurable workflows, and “critical event” triggered automation rules.

G2 reviews are authentic and verified.

Here's how.

AB

Arani B.

Solutions Consultant

Mid-Market (51-1000 emp.)

10/9/2025

"Amazing one stop Tool for Data Governance & Security"

4.5/5

What do you like best about OneTrust Third-Party Management?

Onetrust provides different modules like Cookie Banner (compliance with global laws), consent management, running data assessments, data mapping & data governance, which really helps organizations to utilize and uncover the unstructured and huge data lying across their organization and also helps to improve the third party data governance, control and mitigate risks. Review collected by and hosted on G2.com.

What do you dislike about OneTrust Third-Party Management?

The tool is vast as it covers multiple areas. Learning curve for OneTrust admins can be a daunting task. Although multiple certifications are available to master OT. Review collected by and hosted on G2.com.

What problems is OneTrust Third-Party Management solving and how is that benefiting you?

OneTrust Third-Party Management centralizes vendor risk assessment and due diligence, helping us maintain GDPR compliance across our supply chain. It streamlines the process of evaluating third-party data processing activities. This saves significant time on manual vendor assessments and reduces compliance risk exposure. Review collected by and hosted on G2.com.

VM

Victoria M.

Enterprise (> 1000 emp.)

10/21/2024

"Customizable, robust TPRM solution"

4.5/5

What do you like best about OneTrust Third-Party Management?

Ability to quickly create/customize templates with logic, and create alternate workflows. API integrations with other solutions are possible. OT seems to be focusing on building out the TPRM module for more functionality and using customer recommendations for development which is a big plus. Integrated Power BI environment for reporting, greatly expands reporting options. Customer success manager and OT support are top notch. Review collected by and hosted on G2.com.

What do you dislike about OneTrust Third-Party Management?

Nonexistent UAT to production sync - on the roadmap tho. APIs for engagement attributes are lackluster so far. Currently you must manually create engagement attributes, there isn't a bulk import template for engagement inventory items yet. Customer submitted "ideas" can take years for implementation, even if highly voted. Review collected by and hosted on G2.com.

NS

Nisarg S.

Security Consultant

Enterprise (> 1000 emp.)

7/31/2024

"OneTrust: Complete package for your org GRC Activities"

3.5/5

What do you like best about OneTrust Third-Party Management?

Good Thing about OneTrust is it covers most of the aspects like project management, Risk register, policy implementation, Privacy management etc. Review collected by and hosted on G2.com.

What do you dislike about OneTrust Third-Party Management?

It doesn't have good RBAC functionalities in place. We are facing so much challenge while creating new user whith specific access without admin rights. Also the UI is not that much user friendly. Review collected by and hosted on G2.com.

What problems is OneTrust Third-Party Management solving and how is that benefiting you?

It is make life easier for GRC people, we can have everything at one place like risk register, organisation policies, Project management. Also you can provide the access to management and limited users for the visibility. Also you can showcase this to the auditors to give overview of organisational policy. Review collected by and hosted on G2.com.

BW

Brittany W.

Guest Relations Manager

Small-Business (50 or fewer emp.)

7/30/2024

"Makes managing CCPA requests easy!"

5/5

What do you like best about OneTrust Third-Party Management?

I love all my requests are in one location, and the ease of tracking status and replying to guests directly. Review collected by and hosted on G2.com.

What do you dislike about OneTrust Third-Party Management?

running reports can be a little complicated for me, but I haven't reached out directly to fix. Everything else is great. Review collected by and hosted on G2.com.

FH

Friedemann H.

VP Global Marketing, Climate Officer

Mid-Market (51-1000 emp.)

12/2/2021

"Planetly supports PeoplePath in carbon accounting, defining reduction measures, and offsetting"

5/5

What do you like best about OneTrust Third-Party Management?

Speed of Customer Success. Willingness to help and transparency. State of the art carbon accounting software making it easy to understand the company's carbon footprint. Review collected by and hosted on G2.com.

What do you dislike about OneTrust Third-Party Management?

There might be more established vendors in the market with more experience and less need to circle back for some questions. This will change with their expertise and seniority growing year over year. Review collected by and hosted on G2.com.

What problems is OneTrust Third-Party Management solving and how is that benefiting you?

Planetly helps us successfully calculate our company carbon footprint (scope 1-3) with certified standards. This provides us with transparency regarding our caused emissions, allows us to define suitable measures to reduce our carbon footprint year over year, and to offset the emissions we cannot (yet) avoide. As a result, we have been operating as a carbon-neutral vendor since 2019. Review collected by and hosted on G2.com.