Client feedback meets expert insight: Michael Rasmussen’s perspective on CoreStream GRC’s TPRM solution

Introduction

GRC 2020 CEO and pioneer Michael Rasmussen, who coined the term “GRC”, recently conducted an in-depth review of our third-party risk management (TPRM) solution.

As part of this process, he spoke directly with several of our vendor risk management clients to gather candid, firsthand feedback on how the solution performs in real-world environments, and what the experience is like for users.

Their insights played a key role in shaping his comprehensive solution perspective, which you can download here:

This blog dives into what our clients had to say, highlighting the practical value and impact of our TPRM solution through their own experiences.

CoreStream GRC Third Party Risk Management Client Experiences

Organizations across industries and regions are leveraging CoreStream GRC to strengthen their third-party risk management and broader governance, risk and compliance programs, achieving improvements in efficiency, automation, and adaptability to complex regulatory requirements.

GRC 20/20 has engaged with CoreStream GRC clients globally, and in this evaluation conducted four specific client reference calls that found:

CLIENT:A pioneering initiative in Middle East

Widely recognized as the world’s largest startup with over 3,000 employees, has implemented CoreStream GRC to establish its third-party risk management program. As a procurement-led organization building an entirely new city, the compliance team selected CoreStream GRC for its ability to meet in-kingdom data hosting requirements and provide seamless integration with SAP Ariba and Exiger.

After one year of use, the solution has delivered:

• efficient screening processes, including background checks and reviews,
• automated risk scoring
• flexible workflows that adapt to evolving needs.

Key strengths highlighted include:

• the reporting dashboard, which offers real-time visibility,
• the platform’s agility in supporting continuous process improvement.

While noting a desire for more localized presence in Saudi Arabia*, the organization described CoreStream GRC as an excellent partner, flexible, easy to use, and highly effective in helping them get their risk and compliance foundations off the ground.

*Please note since August 2025, CoreStream GRC now have a dedicated salesperson based in the Middle East.

CLIENT: A leading global consultancy

has adopted CoreStream GRC to support third-party risk management, compliance risk assessment tracking, and workflow enablement for intake processes in the United States.

The firm replaced an internally developed system after finding limitations with traditional platforms in configuring and adapting to client operating models, opting instead for CoreStream GRC’s speed of delivery, flexibility, and holistic roadmap.

CoreStream GRC has delivered:

• rapid implementation timelines,
• seamless integration with enterprise applications,
• improved visibility into compliance and risk processes.

The consultancy has realized efficiencies through reduced errors, a single source of truth, and greater adaptability to changing business and regulatory requirements.

While noting the need for continued development in automation and AI*, they emphasized CoreStream GRC’s ease of use, responsive team, and collaborative vendor relationship as significant differentiators.

*Which help to inspire our Chief Product Officer writing up the CoreStream GRC AI strategy paper

PARTNER:A global consultancy

specializing in security, compliance, political risk advisory, due diligence, and investigations has successfully implemented CoreStream GRC to deliver bespoke third-party risk management solutions in complex regulatory environments.

The decision to choose CoreStream GRC was driven by its highly configurable platform and the ability to provide local hosting in the Middle East, meeting stringent client requirements.

Their agile configurations support:

• trade compliance
• export control
• risk ratings
• watchlist screenings
• due diligence reporting—streamlining processes that previously required extensive manual effort.

In one client program, the firm screened approximately 7,000 parties within a year, significantly improving efficiency, accuracy, and compliance assurance.

CoreStream GRC’s configurability, versatility, and ease of integration were highlighted as key strengths, transforming manual workflows into agile and responsive processes that deliver actionable insights and assurance: “what we’ve built is something that has never been done in the world before.”

PARTNER:A leading global consultancy with a strong presence in the Middle East

has partnered with CoreStream GRC to deliver managed third-party risk management (TPRM) services for its clients. The firm transitioned from 2 internally developed tools to CoreStream GRC, driven by the platform’s agility, configurability, and ability to support regional hosting and regulatory requirements.

CoreStream GRC has proven particularly effective in:

• responding to complex client RFPs,
• integrating with diverse data sources through robust APIs,
• enabling managed services that include TPRM and employment screening projects.

Key strengths highlighted by the firm include the platform’s flexibility, user-friendly interface, and rapid adaptability to evolving business, risk, and regulatory demands: “it’s been truly game changing.”  

The consultancy has realized significant efficiencies, including:

• time savings,
• automated processes,
• a single source of truth for third-party risk data.

While acknowledging CoreStream GRC as a smaller vendor compared to some global market giants, they emphasized its responsiveness, ease of integration, and strong expert business alignment. Overall, CoreStream GRC has become a trusted enabler for the firm’s managed TPRM offerings in the Middle East.

Summary from the feedback findings

Overall, CoreStream GRC is proving its value as a highly configurable and agile GRC platform, enabling organizations to streamline third-party risk management, integrate with key systems, and adapt quickly to evolving regulatory and business needs.

From global consultancies to large-scale startups, clients highlight CoreStream GRC’s flexibility, ease of use, and responsive expert support in replacing manual or legacy processes with efficient, automated workflows that deliver greater visibility, assurance, and compliance confidence.

Want to read more? Download the full report here: https://grc2020.com/product/corestream-grc-for-tprm/

Or head over to the preview section of the report here.

CoreStream GRC was also recognized by Michael Rasmussen in 2025, for the Innovator Award for Enterprise GRC architecture, learn more here.

About Michael Rasmussen

Michael Rasmussen is an internationally recognized thought leader and pioneer in governance, risk management, and compliance (GRC). With over 30 years of experience, he has extensive expertise in enterprise GRC strategy and processes supported by robust information and technology architectures. Known as the ‘Father of GRC’, Michael was the first to define and model the GRC market in February 2002 while at Forrester, setting the foundation for the modern understanding of GRC.