Search form opener Background image PROCUREMENT Procurement Manager Cost-Effective and Labor-Saving Third-Party Risk Management Organizations in every almost every industry are utilizing more third-party, non-employees such as contractors, vendors, partners, supply chains, and non-humans like bots and service accounts to cost-effectively meet competitive pressures. While the business benefits are clear, the hidden costs and increased exposure to risk are often not. One SecZetta client recently compared the effort to onboard third-party users using pre-existing tools and processes and found it invested an up to 40 staff hours between the line of business and an HR resource per third-party identity, applying a simple red light/green light (on/off) strategy vs. a matter of hours with SecZetta. While this estimate includes the steps for authorizing physical and logical access, it didn’t include the staff time needed to manage the lifecycle of the users (review and verify access, manage access changes, audit for compliance needs, and terminate access). Another item often contributing to hidden costs is the use of HRIS systems to manage non-employee data. In addition to averaging between $150-$200 per identity, managing non-employee data in HRIS solutions exposes the organization to employment misclassification liabilities. Unfortunately, most organizations, even large global enterprises, do not have sufficient resources and systems in-place to enforce business policies for the timely and effective collection, processing, and operationalization of third-party, non-employee information. Background image Read our latest white paper on Identity Gap in Third Party Risk Management Download our latest white paper to read more on : Breach risks, Emerging compliance risks, Traits of successful third-party management, and Signs that an organization’s approach to third-party identity management is failing DOWNLOAD NOW Making Third-Party Identity Risk Management Easy with SecZetta SecZetta Can Help SecZetta’s Third-Party Identity Risk solution helps organizations improve their operational agility by streamlining the processes and reducing the cost and risk of providing access to third-party, non-employees. Because our solution is a purpose-built, easy-to-use application, it is able to facilitate the collaborative and connective information gathering from both internal and external resources which is needed to effectively manage the lifecycle of third-party users. This capability is essential in automating key business processes like onboarding, auditing, and offboarding, which helps shorten time to utilization during onboarding while at the same time reducing hidden costs and third-party risk over the lifecycle of the user. Background image Miss Our Latest Webinar with Airbus on Managing Supply Chain Access, Efficiently & Securely? Watch the recording of the webinar and download the slides today. VIEW THE WEBINAR Key Benefits Cut Costs Improve Operational Efficiency Reduce Risk SecZetta Solutions Third Party Identity Risk Identity Collaboration Identity Lifecycle Identity Risk Identity Proofing Identity Consolidation Available Resources Mitigating Risk to Healthcare Data in Heightened Threat Environments Non-Employee Lifecycle Management Pictogram with SecZetta Filling the Identity Gap in Third Party Risk Management with Forrester Trusted Customers SOLUTIONS ABOUT US RESOURCES MENU CONTACT REQUEST A DEMO SUPPORT LOG IN Newsletter Sign Up Sign up to stay updated with news, helpful resources & upcoming events. SIGN UP Solutions By Industry Healthcare Higher Education Financial Services Manufacturing Retail By Product Third-Party Identity Risk Solution Identity Consolidation Solution Identity Proofing Module By Role CISO IAM Human Resources Procurement Risk Management About Us About Us Upcoming Events Careers SecZetta News Support Our Partners Contact Us Resources Resource Library Request A Demo Request A Quote Industry Blog Non-Employee Cost Estimation Calculator +1.781.832.0767 info@seczetta.com © 2021 SecZetta Privacy Policy LinkedIn Twitter Facebook Website Design and Development by Interthrive We Use Cookies to Enhance Your Experience. By using this site you agree to our use of cookies. You are free to manage this via your browser setting at any time. To learn more about how we use the cookies please see our cookies policy. ACCEPT & CLOSE