OneTrust, a company that offers Integrated Risk Management programs, has expanded its collaboration with Supply Wisdom, a provider of real-time risk intelligence. This expansion allows OneTrust Exchange Users to access a range of information, including compliance, financial, operational, location based ESG, and cyber risk data, as well as other vital risk data associated with third-party vendors. The objective of the partnership is to help Exchange members comprehend third-party risk exposure across various domains by generating almost real-time risk intelligence and implementing automated risk actions and solutions for risk mitigation.
Pradnya Gugale, Senior Analyst at Quadrant Knowledge Solutions, stated that “The collaboration between OneTrust and Supply Wisdom would enable OneTrust Exchange members to handle both external and internal risks, including supply chain-related risks across different domains. Supply Wisdom’s precise risk scoring system, which incorporates metrics related to financial, operational, compliance, ESG, and cyber risks, will aid members in making well-informed decisions, comprehending third-party entities, and implementing an effective risk management program.”
Author: Pradnya Gugale, Senior Analyst, Quadrant Knowledge Solutions.