Gartner defines IT vendor risk management (IT VRM) as the discipline of addressing the residual risk that businesses and governments face when working with external service providers, IT vendors and related third parties. The scope typically addresses risks related to data protection, business continuity, security and other risk domains as relevant to laws, regulation and industry practices.
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.
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.
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.
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.
Smarsh Vendor Risk Management is a software designed to assist organizations in identifying, evaluating, and mitigating risks associated with third-party vendors. The software provides tools for automating vendor risk assessments, monitoring vendor compliance with regulatory requirements, and managing documentation related to vendor relationships. It enables users to centralize vendor information, track performance metrics, and streamline risk reporting processes. Smarsh Vendor Risk Management supports businesses in reducing exposure to operational, financial, and compliance risks by facilitating thorough due diligence and ongoing oversight of vendor activities within a secure and organized framework.
NAVEX IRM Software is designed to support organizations with integrated risk management by providing tools to identify, assess, and manage risks across various business units. The software enables users to automate risk and compliance workflows, document and track incidents, evaluate controls, and ensure regulatory adherence. Features include centralized dashboards, reporting capabilities, policy management, and audit tracking. NAVEX IRM Software assists businesses in improving visibility into risk exposure and helps facilitate the management of operational, third-party, and IT-related risks to support informed decision-making and organizational governance.
Vendor Risk Management App (Legacy) is a software that helps organizations to assess, monitor, and mitigate risks associated with their third-party vendors. The software enables users to perform due diligence, manage vendor information, and conduct risk assessments to identify potential vulnerabilities in the supply chain. It provides tools for automating risk evaluations, tracking compliance with regulatory requirements, and maintaining a central repository of vendor-related documents and risk profiles. The software supports businesses in establishing standardized processes for onboarding, monitoring, and evaluating vendors to reduce exposure to operational, financial, and reputational risks.
CyberVadis is a software designed to assess and monitor cybersecurity practices within organizations and across supply chains. It provides standardized evaluation of cybersecurity performance through evidence-based assessments, using international frameworks and recognized standards. The software enables organizations to identify potential risks associated with third-party vendors or suppliers by analyzing their cybersecurity policies, procedures, and controls. CyberVadis supports decision-making by delivering detailed reports and analytics that highlight strengths and areas for improvement in cybersecurity management. It addresses the business problem of managing third-party risk and compliance by offering a structured approach to ongoing security evaluation and reporting.
Owlin is a powerful, AI-driven platform that aggregates news and other data from thousands of sources around the world and provides real-time insights to clients across a variety of industries.
The Owlin platform uses natural language processing and machine learning algorithms to analyze news and other data in real-time, identifying key trends, sentiment, and other important factors that can impact businesses and markets. The platform can be customized to meet the specific needs of each client, providing them with a powerful tool for staying ahead of the competition and making informed decisions.
By providing real-time insights into market trends and other important factors, Owlin's platform helps clients make better-informed decisions, reduce risk, and capitalize on new opportunities.
CyberStrong is a software developed to assist organizations in managing cybersecurity and risk processes. The software offers automated workflows for risk and compliance assessments, enabling users to track and report on cybersecurity posture across frameworks such as NIST, ISO, and CIS. It provides capabilities for mapping controls, visualizing risks, and generating documentation to support regulatory and internal requirements. CyberStrong is designed to simplify complex risk management tasks, streamline audit preparation, and provide centralized access to relevant data. The software addresses the challenge of aligning cyber risk management efforts with organizational objectives and regulatory standards, aiming to improve visibility and efficiency in cybersecurity governance.
Kartos is a software developed to support organizations in the identification, monitoring, and analysis of threats and vulnerabilities in digital assets. The software provides functionalities for mapping digital footprints, scanning for exposed data, monitoring data leaks, and analyzing attack surfaces across various systems. Kartos assists businesses in managing risk by offering assessments of potential vulnerabilities and providing detailed reporting on threat exposure. Its features enable organizations to make informed decisions on cybersecurity measures and resource allocation, addressing security gaps and compliance requirements by presenting actionable insights into risks related to digital assets. The software is designed to integrate with existing security infrastructures, supporting proactive security and risk management processes.
Edge Solution software offers cybersecurity management capabilities designed to protect enterprise networks against threats targeting devices and applications at the network edge. The software provides monitoring, threat detection, vulnerability assessment, and response automation for distributed environments, including remote offices and IoT deployments. By addressing potential security risks where data is created or consumed outside the core infrastructure, Edge Solution software assists organizations in maintaining system integrity and compliance with security policies across various locations. It supports integrated incident reporting and analytics, enabling businesses to identify security gaps and enforce protective measures in real time. The software is positioned to help mitigate risk and streamline cybersecurity processes for environments with extended perimeter vulnerabilities.
Nvendor is a software designed to facilitate vendor and supplier management for organizations. It offers capabilities such as tracking vendor performance, managing contracts, and overseeing compliance requirements. The software provides tools for monitoring supply chain activities and centralizing vendor information to simplify procurement processes. Nvendor aims to reduce operational risks by automating routine tasks associated with onboarding and maintaining supplier relationships. By streamlining vendor data and workflows, the software assists businesses in improving efficiency and supports regulatory adherence in managing third-party relationships.
Openly Vendor Monitor is a software designed to help businesses oversee and assess vendor relationships and performance. The software provides tools for tracking vendor compliance, monitoring service levels, and identifying potential risks in vendor management processes. By centralizing vendor information and integrating data-driven analysis, the software aids organizations in streamlining procurement operations and ensuring ongoing accountability. Openly Vendor Monitor supports the business objective of improving operational efficiency by facilitating effective vendor evaluation and enabling informed decision-making regarding supplier engagement.
MetricStream Third-Party Risk Management is a software designed to help organizations identify, assess, manage, and monitor risks associated with third-party relationships. The software enables centralized management of third-party data, automates risk assessment processes, and supports due diligence and ongoing monitoring to ensure compliance with regulations and internal policies. It offers features such as risk profiling, performance evaluations, and issue tracking, allowing users to maintain comprehensive records and consistent oversight of vendors and partners. The software addresses the business problem of managing and mitigating risks that arise from working with external parties, aiming to enhance operational resilience and improve decision-making related to third-party engagements.
SecZetta Third-Party Identity Risk Solution is software designed to support the management of third-party identities and associated risk in organizations. The software enables organizations to create and manage profiles for contractors, vendors, partners, and other non-employees, providing tools for onboarding, lifecycle management, and offboarding. By centralizing identity data and risk attributes, the software helps organizations maintain compliance and enforce access policies. SecZetta Third-Party Identity Risk Solution aims to address the business problem of visibility and control over non-employee identities, helping prevent unauthorized access and minimize security risks. The software integrates with identity governance platforms to enhance workflows and facilitate automated decision-making related to third-party access.
Vendor360 is a software designed to streamline vendor management processes for organizations in regulated industries such as financial services. The software enables businesses to centralize vendor onboarding, due diligence, risk assessments, and ongoing monitoring by automating workflows and providing secure document management tools. Vendor360 facilitates compliance with industry standards by tracking vendor performance and contract obligations, ensuring accurate reporting and audit readiness. The software offers customizable dashboards and analytics to help users analyze vendor-related data, mitigate third-party risks, and improve operational efficiency. Vendor360 supports collaboration between internal teams and external vendors, enhancing transparency and control throughout the vendor lifecycle.