On August 24, 2020, Gartner published their Magic Quadrant for IT Vendor Risk Management Tools. The report reveals a majority VRM tools in the Magic Quadrant are partnered With Shared Assessments. Gartner describes IT Vendor Risk Management as “the discipline of addressing the residual risk that businesses and governments face when working with external service providers, IT vendors and related third parties.” To evaluate the strengths and cautions of vendors included the report, Gartner considered capabilities in these areas:
- Assess, Validate and Monitor controls
- Exception Management
- Dashboards and Reporting
- Connectors and Integrations
- Access and User Controls
- Remediation Management
- User Interface and Navigation
- Vendor Profile Management
Notably, 65% of VRM Tools in the Gartner Magic Quadrant are Shared Assessments Content Licensee Partners. Shared Assessments is thrilled to see our partners rank as leaders in innovation in TPRM. We are committed to nurturing our partners as they pioneer solutions “to manage and automate the vendor risk management life cycle, address third-party risk and meet regulatory compliance requirements.” Shared Assessments welcomes inquiries about partnerships – for more information on leveraging Shared Assessments in your solution, email firstname.lastname@example.org .
To read the full report, navigate here.
(According to Wikipedia, Magic Quadrant is a series of market research reports published by IT consulting firm Gartner that rely on proprietary qualitative data analysis methods to demonstrate market trends, such as direction, maturity and participants.Their analyses are conducted for several specific technology industries and are updated every 1–2 years: once an updated report has been published its predecessor is “retired”.)
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