Vendors can be assessed and rated out of the tool, and assessments can be scheduled for updates at certain intervals.
OneTrust GRC enhances vendor management by enabling assessment and rating of vendors with updates and facilitates review of fourth and fifth parties. The platform supports automation of privacy impact assessments, aids in audit and incident management, and offers GDPR and ISO compliance templates. Although the Vendor Risk dashboard is basic and workflows require manual effort, improvements are expected. Integration and implementation challenges exist, and return on investment is not yet clear.
