Bitsight Third-Party Risk Management vs OneTrust GRC comparison

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Comparison Buyer's Guide
Executive Summary

We performed a comparison between Bitsight Third-Party Risk Management and OneTrust GRC based on real PeerSpot user reviews.

Find out in this report how the two IT Vendor Risk Management solutions compare in terms of features, pricing, service and support, easy of deployment, and ROI.
To learn more, read our detailed Bitsight Third-Party Risk Management vs. OneTrust GRC Report (Updated: March 2024).
765,234 professionals have used our research since 2012.
Featured Review
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pros
"Its customer service team responds quickly.""The product helps us identify the vulnerabilities of internet-facing applications.""The solution is user-friendly.""Offers open ports from an external point of view.""I prefer BitSight due to its patch management capabilities. The score is a valuable feature. I have contacted the customer support through e-mail and their response rate is fast. I rate the solution a nine out of ten."

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"OneTrust GRC is stable.""Vendors can be assessed and rated out of the tool, and assessments can be scheduled for updates at certain intervals.""It does help in the automation of our privacy impact assessments.""The product helps us streamline audit and incident management processes.""As a solution for IT risks, it is a very good product.""One of the valuable features of this solution is it has the ability to review fourth and fifth parties to the nth degree."

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Cons
"At the moment, when the vulnerability score decreases, it remains the same for quite a while, even though issues are resolved in 24 hours.""The solution’s benchmarking should be improved.""There may be room for improvement in the methodology for identifying findings, as occasional errors occur on the technical side.""Its factor analysis feature could be better.""Data enrichment is the major issue."

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"There are limitations to customized workflow automation, and they need to increase both the available automation and the customized workflow.""The Vendor Risk dashboard is quite basic today and not interactive, but improvements are in coming the next releases.""OneTrust GRC's workflows aren't automated and need to be manually driven.""I haven't seen any return on investment using the solution. If I had the opportunity, I would use a different solution.""The product is not that easy to set up.""They could improve by offering free help. A solution, a lot of times, is not just the use of the solution. For example, it is the overall engagement, how well do they support the system, what is their SLA, and how long their response time is to an issue. It would be beneficial if they had some type of professional services where they offer the first five hours of professional services a year for free. That would be a substantial benefit rather than having to buy professional services or professional services packages."

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Pricing and Cost Advice
  • "The solution's price is average."
  • "The product has a reasonable price."
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  • "I found the pricing and setup cost very reasonable."
  • "OneTrust GRC's licensing costs about $15,000 per module."
  • "On a scale from one to ten, where one is cheap, and ten is too expensive, I rate the solution a seven since it falls under the pricey side."
  • "The solution is expensive."
  • More OneTrust GRC Pricing and Cost Advice →

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    Questions from the Community
    Top Answer:The product is a little expensive and very oriented to large companies.
    Top Answer:We face difficulties in acquiring designs and findings. There may be room for improvement in the methodology for identifying findings, as occasional errors occur on the technical side of BitSight.
    Top Answer:The product helps us streamline audit and incident management processes.
    Top Answer:The product is not that easy to set up. It is also not easy to get used to the naming convention. It requires in-depth training.
    Ranking
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    2,455
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    1,829
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    3
    Average Words per Review
    413
    Rating
    8.3
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    2,756
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    1,372
    Reviews
    4
    Average Words per Review
    383
    Rating
    6.5
    Comparisons
    Also Known As
    OneTrust Vendor Risk Management
    Learn More
    Overview

    BitSight transforms how organizations manage cyber risk. The BitSight Security Ratings Platform applies sophisticated algorithms, producing daily security ratings that range from 250 to 900, to help organizations manage their own security performance; mitigate third party risk; underwrite cyber insurance policies; conduct financial diligence; and assess aggregate risk. With over 2,100 global customers and the largest ecosystem of users and information, BitSight is the Standard in Security Ratings. For more information, please visit www.bitsight.com, read our blog or follow @BitSight on Twitter.

    OneTrust is the largest and most widely used technology platform to operationalize privacy, security and third-party risk management. More than 2,500 customers, both big and small and across 100 countries, use OneTrust to demonstrate compliance with privacy regulations including the GDPR, California Consumer Privacy Act, Brazil LGPD, and hundreds of the world's privacy laws.

    OneTrust's size and scale allows it to offer the easiest-to-use and most affordable solution for implementing use cases including: Privacy Maturity Benchmarking, Data Protection by Design and Default (PbD), Data Protection Impact Assessments (PIA/DPIA), Third-Party Vendor Risk Management, Incident and Breach Response, Data Mapping (Records of Processing), Customer Preference Management, Consent Management, Website Scanning & Cookie Compliance, Mobile App Scanning, Data Subject/Consumer Rights Management and Policy & Notice Management.

    The platform's intelligence comes from DataGuidance by OneTrust, an in-depth and up-to-date source of privacy and security regulatory summaries, guidance, templates, case law, and analysis. The database is updated daily by over 20 in-house privacy researchers, along with a network of 500 lawyers across over 300 jurisdictions.

    OneTrust's 700 employees are located across co-headquarters in Atlanta and in London with additional locations in Bangalore, Melbourne, San Francisco, New York, Munich and Hong Kong. To learn more, visit OneTrust.com.

    Sample Customers
    Fannie Mae, Cabela's, BNP Paribas, PWC, AIR Worldwide, Con Edison, The Container Store, OshKosh, Steris, University of South Florida, Emblem Health, Lloyds Bank
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    Top Industries
    VISITORS READING REVIEWS
    Financial Services Firm15%
    Computer Software Company14%
    Insurance Company9%
    Healthcare Company8%
    VISITORS READING REVIEWS
    Financial Services Firm15%
    Computer Software Company11%
    Government6%
    Healthcare Company6%
    Company Size
    VISITORS READING REVIEWS
    Small Business20%
    Midsize Enterprise16%
    Large Enterprise64%
    VISITORS READING REVIEWS
    Small Business20%
    Midsize Enterprise14%
    Large Enterprise66%
    Buyer's Guide
    Bitsight Third-Party Risk Management vs. OneTrust GRC
    March 2024
    Find out what your peers are saying about Bitsight Third-Party Risk Management vs. OneTrust GRC and other solutions. Updated: March 2024.
    765,234 professionals have used our research since 2012.

    Bitsight Third-Party Risk Management is ranked 2nd in IT Vendor Risk Management with 5 reviews while OneTrust GRC is ranked 4th in IT Vendor Risk Management with 6 reviews. Bitsight Third-Party Risk Management is rated 8.6, while OneTrust GRC is rated 7.6. The top reviewer of Bitsight Third-Party Risk Management writes "User-friendly solution with robust patch management capabilities". On the other hand, the top reviewer of OneTrust GRC writes "Costly solution that may not guarantee ROI, but remains effective in IT risk management ". Bitsight Third-Party Risk Management is most compared with SecurityScorecard, RiskRecon, Microsoft Secure Score, UpGuard Vendor Risk and Black Kite, whereas OneTrust GRC is most compared with RSA Archer, ProcessUnity, AuditBoard, Workiva Wdesk and IBM OpenPages. See our Bitsight Third-Party Risk Management vs. OneTrust GRC report.

    See our list of best IT Vendor Risk Management vendors.

    We monitor all IT Vendor Risk Management reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. We validate each review for authenticity via cross-reference with LinkedIn, and personal follow-up with the reviewer when necessary.