In third-party risk management, policy management refers to establishing, implementing, and enforcing policies and procedures that govern interactions with third-party vendors, partners, and suppliers. These policies and procedures ensure compliance with regulatory requirements, contractual obligations, and internal policies by third parties. 

ThreatNG is a comprehensive solution for external attack surface management, digital risk protection, and security ratings that can assist with policy management in multiple ways.

ThreatNG can provide complete visibility into an organization's external attack surface, including all third-party vendors and partners. This visibility enables organizations to recognize potential threats and vulnerabilities that could compromise the security and privacy of their data and systems. 

ThreatNG can help businesses create and enforce the policies and procedures that control their dealings with channel partners and outside providers. These policies may stipulate security controls, privacy protections, and regulatory compliance. ThreatNG can monitor and track compliance with these policies by third-party vendors, allowing organizations to take action as necessary. 

Based on their adherence to industry standards and best practices, ThreatNG can also offer security ratings for third-party vendors and partners. Based on their risk profile and compliance with policies and regulations, these ratings can assist organizations in choosing which third-party vendors and partners to collaborate with. 

ThreatNG's comprehensive security solution can assist organizations in managing their third-party risk management policies and procedures and ensuring that their interactions with third-party vendors and partners are compliant, secure, and resilient.