IT Vendor Risk Management Solutions Reviews and Ratings

SecurityScorecard Platform is a software that provides organizations with assessments and continuous monitoring of cybersecurity risk across their digital ecosystem. The software aggregates and analyzes data from open-source intelligence, proprietary sensors, and internal security practices to evaluate cybersecurity posture. It offers security ratings, detailed risk factor breakdowns, and analytics to help identify vulnerabilities, misconfigurations, and compliance gaps. The software supports vendor risk management and third-party risk assessments through ongoing monitoring and scoring, enabling organizations to make informed decisions about cybersecurity risks and prioritize remediation efforts. The platform addresses challenges related to understanding and mitigating cyber risk within supply chains and extended partner networks.

Bitsight Cyber Risk Intelligence is a software designed to provide organizations with insights into cyber risk by analyzing and monitoring security performance data from both internal systems and external third parties. The software aggregates information from various sources to assess vulnerability exposure, threat severity, and overall security posture. It enables businesses to identify potential risk areas, evaluate the effectiveness of security controls, and benchmark their cyber resilience against industry standards. By delivering continuous risk assessments and actionable intelligence, the software supports decision-making processes related to security investments, vendor management, and regulatory compliance. The primary business problem addressed involves the need for continuous visibility into cybersecurity risks and the capacity to manage and mitigate those risks effectively.

UpGuard Vendor Risk is a software designed to help organizations assess, monitor, and manage risk related to their third-party vendors. The software provides tools for evaluating vendor security posture, tracking compliance, and automating risk assessments. Users can leverage questionnaires, automated workflows, and continuous monitoring to identify vulnerabilities and maintain oversight of vendor performance. UpGuard Vendor Risk supports reporting and remediation activities, helping businesses address regulatory requirements and reduce potential risk exposure from external relationships. It enables centralized visibility into the risk status of vendors, aiding organizations in making informed decisions while maintaining consistent security standards across their supply chain.

Venminder is a software that provides solutions for managing third-party risk and vendor relationships. The software enables organizations to streamline vendor onboarding, conduct risk assessments, monitor ongoing vendor performance, and manage compliance documentation. It offers features such as due diligence reporting, contract management, workflow automation, and regulatory compliance tracking. Venminder is designed to address business challenges related to mitigating risks from external vendors, maintaining regulatory oversight, and improving the efficiency of managing vendor lifecycle processes. The software supports organizations in establishing standardized procedures for evaluating and overseeing third-party engagements.

OneTrust Third-Party Management is a software designed to help organizations identify, assess, and monitor third-party risks throughout the vendor lifecycle. The software enables users to centralize third-party information, conduct risk assessments, automate due diligence processes, and facilitate ongoing monitoring of vendors to support compliance with regulatory requirements. It offers features for workflow automation, documentation management, and customizable risk questionnaires. The software addresses the business challenge of reducing exposure to risks such as data breaches, compliance violations, and operational disruptions that can arise from third-party relationships. It helps streamline third-party onboarding and management while providing tools for continuous evaluation of vendor risk profiles.

Black Kite Third Party Risk Intelligence Platform is a software designed to assess and manage cyber risk across supply chains and third-party vendors. The software provides non-intrusive cyber risk ratings by leveraging open-source intelligence to quantify risk in categories such as data breach probability, compliance, and network security. It translates technical findings into standardized risk assessments, enabling organizations to identify vulnerabilities and prioritize mitigation efforts in their vendor ecosystem. The software aims to support decision-making for risk management by providing continuous risk monitoring and automated reporting, helping organizations reduce the potential impact of third-party cyber threats on business operations.

The Prevalent Third-Party Risk Management Platform is a SaaS solution that automates workflows required to onboard, assess, manage, continuously monitor and remediate third-party vendor and supplier security, privacy, compliance, procurement and supply chain-related risks across every stage of the vendor lifecycle.

Archer is a software designed to help organizations manage risk, compliance, and governance processes. The software offers capabilities such as risk assessment, policy management, incident tracking, third-party management, audit management, and regulatory compliance tracking. Archer enables organizations to centralize and automate risk and compliance data, facilitating the identification, assessment, and mitigation of potential risks across business operations. By providing customizable workflows and reporting tools, Archer aims to support decision-making by delivering visibility into risk posture and supporting adherence to regulatory requirements. The software addresses the business need to streamline risk management activities, improve oversight, and support organizational resilience through an integrated platform.

ServiceNow Vendor Risk Management is a software that streamlines the process of assessing, monitoring, and mitigating risks associated with third-party vendors. The software facilitates centralized management of vendor information, automates risk assessments, and provides tools for tracking performance and compliance with regulations and policies. It supports the identification of potential risks and monitors vendor activities throughout the lifecycle, helping organizations to manage due diligence processes and maintain an updated risk profile for each vendor. The software integrates with other risk and compliance processes, offering reporting and analytics to support informed decision making and organizational risk reduction.

ProcessUnity Vendor Risk Management is a software that helps organizations assess, monitor, and manage the risks associated with third-party vendors. The software provides a centralized platform for tracking vendor information, due diligence activities, risk assessments, and ongoing monitoring processes. It offers features such as workflow automation, customizable questionnaires, document management, and reporting capabilities. The software is designed to support organizations in identifying potential vulnerabilities within their supply chain, ensuring regulatory compliance, and maintaining oversight of vendor performance. ProcessUnity Vendor Risk Management addresses business challenges related to vendor risk visibility, compliance requirements, and operational risk mitigation.

Panorays is a software designed to automate third-party security risk management. It enables organizations to assess, monitor, and manage the security posture of their external vendors. The software provides continuous security assessments using multiple data sources and questionnaires customized to business requirements. Panorays offers automated workflows for risk remediation and integrates with existing governance, risk, and compliance processes. Its features include risk rating and analysis, reporting capabilities, and collaboration tools to facilitate communication with vendors. The software addresses the business problem of managing cybersecurity risks associated with third-party relationships, aiming to streamline risk evaluation and enhance visibility into vendors security practices.

RiskRecon is a software designed to assist organizations in managing third-party risk by providing continuous monitoring and analysis of vendors' cybersecurity practices. The software enables users to evaluate the security postures of external partners through automated assessments that use openly available data and proprietary techniques. It offers features such as risk rating, detailed security reporting, and benchmarking, helping businesses identify potential vulnerabilities in their supply chain. RiskRecon supports compliance and governance efforts by highlighting areas where vendors may fall short of industry standards and enables prioritization of risk mitigation actions. The software aims to improve decision-making regarding vendor relationships and to reduce exposure to threats originating from third-party connections.

Coupa is a software designed for business spend management, enabling organizations to control and optimize procurement, invoicing, and expenses. The software provides modules for sourcing, contract management, supplier collaboration, and analytics to help monitor and manage financial operations. Through its cloud-based platform, users can automate purchasing workflows, enforce compliance with policies, and gain visibility into spend data. Coupa addresses challenges such as manual processing, lack of spend control, and limited insight into supplier performance, supporting businesses in improving efficiency and reducing costs associated with unmanaged spending.

Diligent One Platform is a software that integrates governance, risk and compliance functionalities to support organizational oversight and decision-making. The software offers modules for board management, risk assessment, internal controls, audit management and compliance tracking. It enables users to centralize documentation, monitor regulatory requirements, and automate reporting processes. By providing analytics and customizable dashboards, the software aims to streamline workflows and enhance transparency in managing risks and meeting compliance obligations. Diligent One Platform is designed to facilitate collaboration among stakeholders, support policy and procedure management, and help organizations address regulatory and operational challenges.

LogicManager is a risk management software designed to help organizations identify, assess, and monitor risks across various business processes. The software enables users to streamline compliance management, automate workflows, and document policies and controls. It offers modules for governance, risk, compliance, incident management, and audit processes, integrating data to enhance reporting and accountability. LogicManager assists organizations in centralizing information, tracking remediation activities, and ensuring alignment with regulatory requirements. Its features support decision-making by providing a structured approach to risk identification and mitigation, making it suitable for managing enterprise risk and improving operational resilience.

CyberGRX is a software designed for third-party cyber risk management that facilitates the identification, assessment, and mitigation of risks associated with external vendors. The software automates the collection and validation of security data, enabling organizations to analyze risk profiles and prioritize remediation activities. It provides standardized assessments and analytics that support decision-making in managing supply chain security and improving risk posture. CyberGRX integrates with governance, risk, and compliance workflows to streamline processes and enhance the efficiency of vendor risk assessments, addressing the business need for scalable and consistent management of third-party cybersecurity risks.

Vendor Management Software by Quantivate is a software designed to help organizations manage the entire lifecycle of third-party vendors. The software provides features such as centralized document storage, automated risk assessments, contract management, due diligence tracking, performance monitoring, and compliance management. It enables organizations to streamline communication with vendors, track and evaluate vendor performance, and ensure regulatory requirements are met. By automating workflows and centralizing data, the software addresses challenges related to manual tracking, reducing errors and improving visibility into vendor relationships. The software supports effective risk mitigation and decision-making through reporting and analytics capabilities.

SAI360 Third-Party Risk & Vendor Risk Management is a software designed to help organizations identify, assess, and monitor risks associated with third-party vendors throughout the lifecycle of their relationships. The software provides tools for due diligence, risk assessment, contract management, and ongoing vendor performance monitoring. It enables users to centralize documentation, automate risk assessments, and track mitigation activities in alignment with regulatory requirements. The software also facilitates reporting and audit capabilities to support governance and compliance objectives. By streamlining these risk management processes, the software aims to support organizations in reducing exposure to third-party risks and maintaining oversight of vendor operations.

Aravo’s Intelligence-First platform delivers comprehensive third-party risk management (TPRM) through a unified, data-driven approach. It consolidates risk views and dynamic scorecards by combining external and internal data, giving teams clear, actionable insights into vendor risk. Flexible risk domain management spans Cybersecurity, Data Privacy, ABAC, ESG, and other configurable areas as regulations evolve. AI-powered workflow automation ensures consistent, proactive decisions. With several dozen pre-built reports and dashboards, and the ability to create custom reports, teams gain complete visibility into risk. Aravo’s integration ecosystem offers over 45 plug-and-play risk intel connectors and seamless data exchange with ERPs, CRMs, GRCs, and analytics platforms, enabling fast, confident mitigation across all risk domains.

Allgress is a software designed to streamline and simplify risk management, compliance, and security operations for organizations. The software assists users in identifying, assessing, and mitigating risks associated with information technology and regulatory requirements. It provides features such as automated risk assessments, compliance tracking, policy management, and reporting capabilities. Allgress software enables businesses to categorize and prioritize risks, monitor regulatory changes, and maintain documentation for audits. By facilitating efficient risk and compliance processes, the software aims to reduce manual effort and help organizations maintain a comprehensive understanding of their risk posture.