As organizations’ dependency on third parties and third-party technologies grows, so does the spectrum of risks to which those organizations are exposed. Without a clear view of the third-party security landscape, it is nearly impossible for administrators to craft effective policies and protections.

This new Gartner® report covers key findings and recommendations for leaders in the market for third-party risk management (TPRM) solutions. TPRM platforms offer versatile capabilities that support supply chain, IT, cybersecurity, procurement, legal and compliance functions.

Some key findings from this report:

• Organizations utilize multiple technology platforms to address third-party risks because no single solution supports all use cases or domains
• Many TPRM technology providers continue to invest in integrated cross-functional risk-management capabilities, allowing clients and customers to manage their third-party risk domains across multiple business functions and numerous stakeholders.