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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
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.
Director, IT Security and Risk Management
500M - 1B USD, Banking
CRITICAL

“Platform Struggles with Complex Procedures Post Onboarding”

3.0
Dec 5, 2024
Getting started with the platform was simple, and the onboarding process went smoothly. However, things got more challenging in the second year when we needed it to handle more complex procedures and flows. In many cases, the platform couldn't support these needs. Sometimes, we had to request new features, and other times, we had to figure out workarounds outside the system's scope. This has been frustrating as our requirements have grown. In addition, we had a big problem with the accuracy of the data presented by the system. In many cases irrelevant information was presented which led to unnecessary conflicts with third parties that ended with a confirmation that the data does not belong to the third party.

Key Insights

A Snapshot of What Matters - Based on Validated User Reviews

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Panorays

byPanorays
in IT Vendor Risk Management Solutions (Transitioning to Third-Party Risk Management Technology Solutions)
4.4

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

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

Easy implementation, intuitive UI, and approachable support.

Like

1) Surveys for 3rd party suppliers, and subsequent risk rating. This gives us an easy way to prioritise which supplier to work with, and gives us a much better understanding of their security posture than just using the tool to map their external attack surface. 2) A numerical score for the organisation, whilst simple this gives us a really easy way to report back to senior management on the progress made. Benchmarking it against industry average is also very useful. 3) Being able to input a supplier and get them scanned quickly. This almost ad-hoc approach allows us to assess potential vendors and can help us decide which vendor to go with.

Dislike

From the application functionality point of view, I haven't found any issues as such, but the vendor response is a little slow sometimes (not every time) as we have to push the vendor to fill in the details of their product before we can review their current SaaS security posture of their product. But from an applications perspective it is a great product.

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

1) It would be nice if there was better API support, for automation. This is mostly for reporting purposes. 2) Customization of the UI could be better, e.g. default landing page, customise graphs, etc. 3) Different roles would be useful, e.g. limiting access of a user to just 3rd party risk and not the organisation's risk, and vice-versa.

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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?

Customer Experience

Evaluation & Contracting

4.6

Integration & Deployment

4.6

Service & Support

4.7

Product Capabilities

4.5

Filter Reviews
Sort By:
Most helpful
Last 12 Months
Star Rating
Reviewer Type
Reviewer's Company Size
Reviewer's Industry
Reviewer's Region
Reviewer's Job Function
  • 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.
  • Security Engineer
    1B-10B USD
    Insurance (except health)
    Review Source

    How Penorays Improves Security Posture and Aids Decision Making

    4.0
    Dec 6, 2024
    Feedback and support from the Panorays team has been good. The tool itself works well and is continuously giving the team work to do. It's good at identifying shadow IT assets and misconfigurations in those assets (e.g. lack of CSP, HSTS, etc). It's also allowing us to manage our third party risk, as well as our own. Our suppliers are benefiting, and improving their security posture, and we can measure their level of security and calculate their risk.
  • Director, IT Security and Risk Management
    50M-1B USD
    Banking
    Review Source

    Platform Struggles with Complex Procedures Post Onboarding

    3.0
    Dec 5, 2024
    Getting started with the platform was simple, and the onboarding process went smoothly. However, things got more challenging in the second year when we needed it to handle more complex procedures and flows. In many cases, the platform couldn't support these needs. Sometimes, we had to request new features, and other times, we had to figure out workarounds outside the system's scope. This has been frustrating as our requirements have grown. In addition, we had a big problem with the accuracy of the data presented by the system. In many cases irrelevant information was presented which led to unnecessary conflicts with third parties that ended with a confirmation that the data does not belong to the third party.
  • Manager, IT Security and Risk Management
    50M-1B USD
    Banking
    Review Source

    Navigating Third-Party Security Management with Panorays

    5.0
    Dec 8, 2024
    Panorays cover many aspects of third-party security management, from automated questionnaires and risk assessments to continuous monitoring and remediation guidance. This helps me to streamline our vendor risk management processes.
  • VP, Global Head Digital Transformation
    <50M USD
    Healthcare and Biotech
    Review Source

    Enhancing our Supply Chain Cyber Security while making it as efficient as possible.

    5.0
    Dec 5, 2024
    Ensures that we improve our Supply Chain Cyber Security. The platform and the support services truly support me in improving our vendors cyber security. Support and customer success, respond quickly and properly.
...
Showing Result 1-5 of 89

Recommended Gartner Insights

  • Market Guide for IT Vendor Risk Management Solutions (Transitioning to Third-Party Risk Management Technology Solutions)