OneTrust Vendorpedia

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Additional Info

Company (that provides the nominated product / solution / service)OneTrust
Websiteonetrust.com
Company size (employees)1,000 to 4,999
Type of solutionSoftware

In 3 bullets, summarize why this product or service is different from the competition and deserves recognition:

OneTrust Vendorpedia™ is the way the world manages vendor security and privacy risk at scale. Over the past 12 months, OneTrust Vendorpedia has seen significant growth and recognition across industry thought leaders as well as research analysts.

OneTrust Vendorpedia has been of major interest across the existing OneTrust customer database and net-new customers. With thousands of deployments in action today or coming over the next few quarters, it’s clear there is a major demand for a scalable, flexible and intelligent tool to manage vendors from onboarding to offboarding and everything in between.

OneTrust continues to outperform the competition and results include:
• 1,000 employees across 8 global offices
• 450+ R&D team with 50+ patents awarded and more than 100+ pending
• 30 in-house privacy researchers, along with a network of 500 lawyers across over 300 jurisdictions
• 95% customer satisfaction score
• 10,000+ active user community with members sharing best practices during OneTrust’s 250+ PrivacyConnect events across the globe and 2 global user conferences
• 4,000 customers including:
o The world’s largest software company, airline, hotel company, beverage company, aerospace company, retail company and law firm
o World's 4 Largest Publishers, 3 of the Top 5 Biggest Insurance Companies, 7 of Top 10 Global Pharmas

Overview

Individuals managing the vendor risk lifecycle face difficulties when researching third-parties, completing risk assessments on time, and when determining when new risks emerge. As organizations continue to increasingly rely on third-party vendors in the landscape of frequent data breaches, it is now more important than ever for modern risk solutions to adapt to solve both privacy and security challenges.
 
Today, OneTrust Vendorpedia users can automate the entire vendor lifecycle from onboarding, triaging and assessing risks, managing vendor contracts, demonstrating compliance with record keeping, performing ongoing vendor audits, and fully off-boarding vendors. 
 
Key capabilities include: 
· Identify and mitigate risks
· Offload assessment-related work
· Access pre-populated research
· Manage key contract terms
· Add business context to vendor risks
· Maintain ongoing vendor oversight
· Get alerted when vendor breaches occur
· Automate custom questionnaire completion
 
With more than 4,000 customers, Including 35% of the Fortune 500, OneTrust has rapidly broken through the crowded vendor risk management market and has helped shape the industry amidst disruptive data protection and security requirements.
 
Recently, Ovum Research released a report on Vendorpedia capabilities. Among the praise included: “OneTrust’s capabilities are built to help the enterprise pursue a model of ongoing vendor assessment, which continues in perpetuity (and automatically) once a relationship is initiated. A vendor that is initially deemed trustworthy and compliant may become a risk if it suddenly modifies policies or capabilities, and OneTrust’s cloud-based platform helps monitor, and inform the enterprise of, any relevant vendor changes that may affect risk.”
   
We believe this third-party industry recognition further validates that not only is vendor risk management market continuing to mature, but Vendorpedia is a clear frontrunner as new regulations increase third-party vendor liability.

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