Diligent Third-Party Risk Management
Vendor security and privacy assessment software
Risk assessment software
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- Public sector and nonprofit organizations
- Agriculture, fishing, and forestry
- Professional services (engineering, legal, consulting, etc.)
What is Diligent Third-Party Risk Management
Diligent Third-Party Risk Management is a third-party risk management (TPRM) application used to assess, monitor, and document vendor security, privacy, and operational risks across the vendor lifecycle. It supports workflows such as onboarding due diligence, periodic reviews, issue remediation tracking, and reporting for internal stakeholders and auditors. The product is typically used by risk, compliance, information security, and procurement teams that need a centralized system of record for third-party assessments and controls evidence.
Centralized vendor risk workflows
The product provides a structured system to manage third-party onboarding, assessments, approvals, and ongoing reviews in one place. This reduces reliance on email and spreadsheets for tracking questionnaires, findings, and remediation items. It also supports consistent execution of risk processes across business units and vendor types.
Assessment and evidence management
It supports collecting and organizing vendor responses and supporting documentation for security and privacy due diligence. Teams can use it to track gaps, assign follow-ups, and maintain an audit trail of decisions and actions. This is useful for demonstrating oversight during internal audits and external examinations.
Reporting for risk stakeholders
The product supports reporting on third-party risk posture, assessment status, and outstanding issues for management and governance stakeholders. This helps risk owners prioritize remediation and monitor program performance over time. It also supports standardized reporting across a portfolio of vendors.
Implementation and process dependency
Value depends on having defined third-party risk processes, roles, and assessment standards before configuration. Organizations without mature TPRM governance may need additional internal work to standardize questionnaires, scoring, and escalation paths. Initial rollout can require change management across procurement, security, and business owners.
Integration scope varies by environment
Connecting TPRM workflows to procurement, contract lifecycle, ticketing, and GRC systems may require additional integration work depending on the organization’s tool stack. Data normalization for vendor records and risk taxonomies can take time. Some teams may still need manual steps to keep systems aligned if integrations are limited.
Not a full privacy operations suite
While it supports privacy-related vendor assessments, it is not primarily designed to run end-to-end privacy operations such as consent management, DSAR fulfillment, or cookie governance. Organizations with broad privacy automation requirements may need separate tooling for those functions. This can increase overall platform complexity for privacy programs.
Seller details
Diligent Corporation
New York, NY, USA
2001
Private
https://www.diligent.com/
https://x.com/diligentHQ
https://www.linkedin.com/company/diligent/
