Templar Shield GRC Third-party-risk is a third-party risk management solution built on the ServiceNow platform. The product addresses vendor risk management throughout the entire third-party lifecycle, from onboarding to offboarding. The solution automates vendor onboarding by embedding risk evaluation into procurement processes. It uses inherent risk questionnaires that assess factors such as data sensitivity and business criticality to automatically compute risk ratings. High-risk vendors are flagged for additional due diligence, while low-risk vendors receive accelerated approval. The platform provides automated assessment capabilities through tailored questionnaires delivered via a dedicated Third-Party Portal. It includes continuous monitoring features to track vendor compliance and risk status beyond initial assessments. The system maintains a centralized vendor inventory with risk data consolidated on a single platform. The solution includes compliance intelligence features to check vendors against sanctions lists and regulatory requirements. It provides workflow automation for standardized vendor management processes and remediation tracking. The platform offers visibility into supply chain risks and vendor relationships across the organization. Templar Shield implements this solution as an Elite ServiceNow Partner, focusing on organizations that need to scale their third-party risk programs and address challenges related to data breaches originating from vendors and suppliers.