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Panorays

byPanorays
in IT Vendor Risk Management Solutions (Transitioning to Third-Party Risk Management Tools for Assurance Leaders)
4.4

Overview

Product Information on Panorays

Updated 13th October 2025

What is Panorays?

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.

Panorays Pricing

Panorays software utilizes a subscription-based pricing model, where fees are typically determined by the number of third-party vendors assessed, features required, and selected tier level. The structure may vary based on organization size and specific use case, with additional charges possible for advanced functionalities and customization. Pricing details are provided upon request, and free trials or demonstrations may be available depending on agreement terms.

Overall experience with Panorays

Information Security Specialist
1B - 3B USD, IT Services
FAVORABLE

“Innovative Product Simplifies Vendor Security Evaluation”

5.0
Dec 6, 2024
This text serves as a placeholder and does not reflect the user’s review responses or opinions. This text serves as a placeholder and does not reflect the user’s review responses or opinions. This text serves as a placeholder and does not reflect the user’s review responses or opinions.
Director, IT Security and Risk Management
500M - 1B USD, Banking
CRITICAL

“Platform Struggles with Complex Procedures Post Onboarding”

3.0
Dec 5, 2024
This text serves as a placeholder and does not reflect the user’s review responses or opinions. This text serves as a placeholder and does not reflect the user’s review responses or opinions. This text serves as a placeholder and does not reflect the user’s review responses or opinions.

About Company

Company Description

Updated 18th February 2025

Panorays is a provider of third-party cyber risk management solutions, helping businesses optimize their defenses for each unique third-party relationship. Panorays provides businesses the tools to stay ahead of any emerging third-party threats and provides actionable remediations.

Company Details

Updated 26th February 2025
Company type
Private
Year Founded
2016
Head office location
New York, United States
Number of employees
51 - 200
Website
https://panorays.com

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Key Insights

A Snapshot of What Matters - Based on Validated User Reviews

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Peer Discussions

Panorays Reviews and Ratings

4.4

(89 Ratings)

Rating Distribution

5 Star
58%
4 Star
35%
3 Star
6%
2 Star
1%
1 Star
0%
Why ratings and reviews count differ?
  • Information Security Specialist
    1B-10B USD
    IT Services
    Review Source

    Innovative Product Simplifies Vendor Security Evaluation

    5.0
    Dec 5, 2024
    The product is outstanding in terms of its ease of integration and deployment, and its capability to provide clear guidance of different vendors' current security posture and future recommendations. It provides real time data to understand the vendor's security rating and evaluate whether we should go ahead and establish a better relationship and use this product.
  • Information Security Specialist
    1B-10B USD
    IT Services
    Review Source

    Innovative Product Simplifies Vendor Security Evaluation

    5.0
    Dec 5, 2024
    The product is outstanding in terms of its ease of integration and deployment, and its capability to provide clear guidance of different vendors' current security posture and future recommendations. It provides real time data to understand the vendor's security rating and evaluate whether we should go ahead and establish a better relationship and use this product.
  • Read All 89 Reviews

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  • Market Guide for IT Vendor Risk Management Solutions (Transitioning to Third-Party Risk Management Tools for Assurance Leaders)
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Panorays Likes & Dislikes

Like

1. Ease of integration and deployment. It increases our work efficiency by reducing the manual work and provides automation (the dashboard is providing a flexible way of scrutiny of the security posture) 2. Real-time data and recommendations on the vendor's security posture. It is a very innovative product that focuses and simplifies vendor security. 3. Security rating and real time updates on how they have fixed any security issues after pen testing and provide the fix on a timely basis. Another aspect is that it is a cost-effective solution that other applications fail to provide.

Like

1. Ease of integration and deployment. It increases our work efficiency by reducing the manual work and provides automation (the dashboard is providing a flexible way of scrutiny of the security posture) 2. Real-time data and recommendations on the vendor's security posture. It is a very innovative product that focuses and simplifies vendor security. 3. Security rating and real time updates on how they have fixed any security issues after pen testing and provide the fix on a timely basis. Another aspect is that it is a cost-effective solution that other applications fail to provide.

Like

1. Ease of integration and deployment. It increases our work efficiency by reducing the manual work and provides automation (the dashboard is providing a flexible way of scrutiny of the security posture) 2. Real-time data and recommendations on the vendor's security posture. It is a very innovative product that focuses and simplifies vendor security. 3. Security rating and real time updates on how they have fixed any security issues after pen testing and provide the fix on a timely basis. Another aspect is that it is a cost-effective solution that other applications fail to provide.

Dislike

Lack of transparency - when there was a requirement to confirm the accuracy of presented data before engaging with a third-party and requesting remediation, it was impossible to know the source and the reason why this data was identified and why it was classified as such. Customization - the system provides standard capabilities that could be found in many other systems. When there was a request to make some customization or adjustment according to the current business processes, it was not simple and, in many cases, couldn't be done.

Dislike

Lack of transparency - when there was a requirement to confirm the accuracy of presented data before engaging with a third-party and requesting remediation, it was impossible to know the source and the reason why this data was identified and why it was classified as such. Customization - the system provides standard capabilities that could be found in many other systems. When there was a request to make some customization or adjustment according to the current business processes, it was not simple and, in many cases, couldn't be done.

Dislike

Lack of transparency - when there was a requirement to confirm the accuracy of presented data before engaging with a third-party and requesting remediation, it was impossible to know the source and the reason why this data was identified and why it was classified as such. Customization - the system provides standard capabilities that could be found in many other systems. When there was a request to make some customization or adjustment according to the current business processes, it was not simple and, in many cases, couldn't be done.

Reviewer Insights for: Panorays
Performance of Panorays Across Market Features
Deciding Factors: Panorays Vs. Market Average