2019 Gartner Critical Capabilities for IT Vendor Risk Management Tools
Every year, Gartner evaluates IT Vendor Risk Management tools on their ability to address common market use cases. These use cases support the entire vendor risk management (VRM) lifecycle, with capabilities that address vendor risk identification, assessment, analysis, remediation or mitigation, and monitoring.
The resulting report, 2019 Gartner Critical Capabilities for IT Vendor Risk Management Tools*, follows the 2019 Magic Quadrant for IT Vendor Risk Management Tools*.
OneTrust was named a Leader in the 2019 Magic Quadrant for IT Vendor Risk Management Tools*, and has now been recognized as one of the highest ranked vendors across all three Gartner Critical Capabilities* use cases, receiving scores of:
- 3.97 of 5 for Vendor Risk Management Solution
- 3.97 of 5 for VRM Solution and Managed Support Services
- 3.98 of 5 for VRM Solution and Vendor Risk Assessment Data
OneTrust Vendorpedia’s recognition across the three use cases demonstrates the product’s breadth and depth.
How Does Gartner Determine Product Scores for Each VRM Use Case?
Gartner performs extensive research, including the evaluation of 16 vendors through surveys, customer references, and in-depth analyst briefings. Using this and other criteria, Gartner rates Critical Capabilites in the VRM market, which are “attributes that differentiate products/services in a class in terms of their quality and performance.”
Why OneTrust Vendorpedia?
Today, in an era when security, compliance, and privacy intersect, OneTrust Vendorpedia is developing products our customers need to streamline vendor risk management.
With OneTrust Vendorpedia, organizations can automate the entire vendor lifecycle to identify, assess, analyze, mitigate, and monitor third-party risks and performance, from supplier selection to termination.
The platform offers in-depth functionality across the three use cases outlined in the 2019 Gartner Critical Capabilities for IT Vendor Risk Management Tools* report. Vendorpedia excels in key areas, including user interface and navigation, risk history, and vendor profile management. Vendorpedia supports hundreds of laws, standards, and frameworks to enable third-party risk teams to meet compliance needs and scale their vendor risk management program.
Check out Gartner Peer Insights to hear why others have chosen Vendorpedia:
“OneTrust Vendor Risk Management is dynamic and intuitive. The user interface is exponentially more impressive and intuitive than other tools in this space. I would rather spend an entire day on the OneTrust VRM tool than a single hour on a competing tool. The workflow is seamless and well thought-out in OneTrust.”
- Compliance Analyst, Firm Size: 1B-3B USD
Want to see the Vendorpedia in action? Request a demo today!
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
*Gartner, Inc., Critical Capabilities for IT Vendor Risk Management Tools, Christopher Ambrose, Joanne Spencer, Decemeber 19, 2019