Managing Third Party Risk with Better Informed Risk Decisions

To stay competitive, an organization must actively manage its supply chain, including the exchange of information that allows entities to coordinate and control the flow of materials, goods, and services. The need for organizations to proactively evaluate and manage the business risks they incur by sharing sensitive and regulated information with vendors and suppliers falls under a Third-Party Risk Management (TPRM) program.  The need for effective TPRM programs continues to grow due to evolving cyber threats, expanding regulations, increasing levels of data access, and other trends. HITRUST helps organizations make better informed risk decisions by leveraging our comprehensive, customizable, and scalable solution that helps offload non-value-add activities.