As enterprises’ IT demands expand and become more complex, system integration is becoming increasingly significant and one of the main requirements for business evolution and progress.
System integration brings different applications together to function smoothly without interfering with each other or demanding additional efforts from the users, so that data can flow seamlessly and uninterruptedly.
The IT industry has made this a standard during the last decades, integrating about any type of business software through APIs or built-in features. From Customer Relationship Management (CRM) to help desk, accounting or cybersecurity software, business leaders expect high levels of flexibility to enhance automation and combine the capabilities of their different tools across the organization.
Third party risk management (TPRM) software is no exception. Integrating your TPRM software to your current applications is an excellent alternative to custom software development; one that will significantly improve the efficiency, productivity and quality of your everyday operations and your overall TPRM program.
Benefits of integrating your TPRM software with other business apps
- Increase Your Overall Productivity— Cut the time spent on repetitive actions across applications and minimize errors, thus increasing your company’s productivity.
- Get Better Data to Make Decisions— Get a holistic understanding of how well your business is doing and make data-driven risk management decisions.
- Lower Operational Costs— Cut maintenance costs significantly, simplifying and automating processes across systems and avoiding unnecessary downtime.
Third party risk management tools such as ThirdPartyTrust can be connected to integrate the vendor risk assessment process into a variety of ticketing and reporting systems. Think of all the insights and indicators into vendor risk that these tools provide, and how they could be further leveraged in executive decision making.
Apart from helping you assess, monitor and mitigate any unwanted risk that arises from engaging with a third party vendor, ThirdPartyTrust automates the manual and time-consuming parts of security risk assessments for both enterprises and their vendors. Think of questionnaire spreadsheets, email back & forth, manual reminders, and everything that makes third party risk management sound like an incommensurable task for some organizations.
Many seek to address these problems with a combination of manual and ad hoc solutions spread across multiple platforms, which results in an ineffective approach that increases risk and resource drain for all parties involved.
Now, imagine all you could do by integrating your vendor risk management platform to your current operation. In our case, ThirdPartyTrust offers fully accessible APIs so your third party risk assessment data can be integrated into a wide variety of systems, including:
- GRC platforms like ServiceNow or RSA Archer
- Ticketing systems like JIRA or ServiceNow
- Reporting solutions such as Power BI or Qlik
Furthermore, TPRM tools can offer built-in integrations, such as single sign-on (SSO) or security rating providers.
Our ThirdPartyTrust system integration experts can help your organization experience a significant increase in information flow speeds as well as reduced operational costs. We will evaluate your current processes and systems to find the best solution on how to integrate ThirdPartyTrust to your key business processes.
By integrating your TPRM software with other tools, your security assessment and response process no longer sits on an island, and can be used to make better strategic decisions.
Schedule your demo today and let’s explore the system integration options ThirdParyTrust has to offer.
