Best Third-Party Risk Management Software of 2024

Streamline global due diligence by seamlessly searching through millions of companies and importing your existing database. Your team will be able to understand the risks in your supply chain and third-party network while complying with regulations. You can reduce the stress by receiving relevant alerts in real-time whenever your supplier or third party is at risk. You can select the tolerance criteria, disruption events, or metrics that you want to monitor and get these alerts in the channel of your choice. Deep insights and reporting allow you to uncover efficiencies and save money, making digital transformation quick and cost-effective. You can improve compliance by following the exact procedure that you have set.

The Black Kite RSI is a process that involves inspecting, transforming and modeling data from a variety OSINT sources (internet-wide scanners, hacker forums and the deep/dark internet). The correlation between control items can be identified using machine learning and data. A platform that integrates seamlessly with questionnaires, vendor management system and process workflows allows you to operationalize. A defense in depth approach reduces the risk of breaches and automates compliance with cybersecurity requirements. The platform uses Open-Source Intelligence and non-intrusive cyber scans without ever touching the target customer to identify potential security threats. Black Kite's platform is 3x more comprehensive than other platforms in terms of identifying vulnerabilities and attack patterns using 40 categories and 400+ controls.

TrustElements helps you to reduce risk and prioritize investments. After analyzing all data in your company's possession, your cyber resilience score is calculated as a percentage. TrustElements compares your results to industry frameworks (NIST CIS, MITRE, MITRE). It helps establish a gold standard for cyber resilience by continually assessing your organization's exposure to risk. The TE platform improves decision making based upon your business context and helps you to allocate financial resources more effectively. To strengthen decision-making in Security, IT and Risk Management, communicate your cybersecurity strategy to the Board of Directors and the C-level. We can help you overcome challenges such as vendor risk management, tight budgets, resource limitations, or applying the right level protection and risk management to propel your company forward.

Our industry-leading SIG Questionnaire has been created by the world's leading risk assessment and management professionals. We also have the most widely recognized third party risk certification, the CTPRP. The VRMMMMM, SIG and SCA, as well as Privacy tools, are designed to meet the needs of all stages of vendor risk management. Exams and certification classes establish a knowledge base that validates the expertise of third-party risk professionals. Our blog, papers, and studies are industry-informed, member-driven, and forward-looking. The premier global, multi-industry conference to shed light on the processes and technologies that are important in TPRM.

We reduce your company's cyber risk exposure. Our cyber specialists combine the most up-to-date automation technologies with their expertise to give our customers unprecedented visibility and control over the cyber risks facing their businesses. Cyber risks to your business will give you the information you need to protect your business against cyber attacks and increase awareness of third-party risk. Continuously review your entire security infrastructure to determine where it is working and where there are gaps. This will help you to prioritize the most important issues based on potential business damage. How to reduce Cyber Risk. Get a clear picture of your security position, compare it with your competitors, and check your compliance status with relevant regulations and standards. The MITRE ATT&CK Framework provides solutions for all aspects of asset life, including Crown Jewel Protection, Detection, and Response.

SAP Ariba Supplier Risk allows you to help your buyers make better, safer purchases by making risk due diligence an integral part of the procurement process. Your buyers will make better decisions and prevent disruptions in the supply chain if they are well informed. This helps you avoid any damage to your reputation or revenue. You'll also have a high level of confidence that your supplier information has been updated and is accurate. This market-leading supplier risk solution allows you to tailor risk views and alerts to suit your business, each supplier relationship, as well as your role. You can also segment suppliers according to your risk exposure. You can make better business decisions and collaborate with your trading partners by having a complete view on each supplier. Integrate with SAP ERP, SAP Ariba Procurement and Ariba Network to easily understand your supply chain.

Each organization structure is unique and requires a customized approach to address concerns regarding international standards. This is often a time-consuming process. ISMS Solutions has developed Conformance Works, a proprietary platform that guides customers through an automated process to help them comply with any ISO standard. Conformance Works simplifies and personalizes each organization's standard certification process. A built-in document management system, global editor, compliance management system and risk assessment module make company documentation easy and efficient. Software will be available via multiple digital means. This allows for faster implementation of ISO standards to certification. It simplifies the process of meeting or exceeding ISO standards.

SAP Ariba Supplier Management offers the industry's best, all-in-one solution that allows you to manage supplier information, lifecycle performance, risk, and other details. How much easier would supplier management be if there was a reliable, up to date, and comprehensive view of supplier information and spend, performance, risk, and risk? How much easier would it be to reduce risk and prevent leakage of savings if supplier segmentation and qualification were an integral part your purchasing processes? SAP Ariba Supplier Management makes it possible. It integrates with all your procurement processes and is the industry-leading solution portfolio that allows you to manage supplier information, lifecycles, performance, risk, and other aspects. SAP Ariba allows you to increase spend to preferred suppliers and decrease risk throughout the process, from supplier qualification and onboarding to segmentation and performance management.

Data driven risk decisions and predictions can be made with customers and business transactions. Get real time risk visibility. You can achieve compliance with regulations and policies. Increase digital sales and improve customer experience. Monitor core business processes in real-time to maximize operational performance. Protect your reputation and employee efficiency. Use a world-class risk management engine that is best practice to prevent business disruptions. Top-down and bottom-up risk management allows for robust review and challenge of analytics to support decision making. A comprehensive audit trail provides assurance to board members and regulators that coherent risk management practices are being followed. Intelligent platform that delivers award-winning, connected, more precise risk management and intelligence to business, risk, and compliance teams to manage, benchmark, reduce costs, protect revenues, and increase resilience to business risks.

Counself Risk™, designed for legal, makes onboarding simple and ensures that due diligence is done correctly. Counself has a library of best-practice forms, questionnaires and documents for the legal industry. This will make it easier to streamline your compliance gathering and monitoring. Counself RFP™, which compares AFAs, helps increase price predictability and optimize costs for your legal department. You can host sealed bidding events, conduct conflict checks, attach custom forms, and documents to request information to as many firms as you wish, securely and separately. Because we know how important your data is, we place data security at the heart of everything we do.

Management and regulators need third-party assessments that are objective and not based on assumptions or opinions. VivoSecuiry helps our customers satisfy regulators by assessing the true 3rd party risk. This is the probability that a vendor will have a data compromise. We do this without the need for questionnaires, maturity scores, or SOC2 reports. The sheer number of vendors increases the risk of third parties. VivoSecurity calculates this risk twice a year with an aggregate forecast. We assist senior management in setting risk appetite goals and providing a forecast of data breaches frequency. We assist cybersecurity teams in identifying the vendors that are most at risk. Then, we quantify the value of mitigation. We provide regulators with a documented and accurate process for vendor assessment that uses an empirical and transparent regression model to determine the probability of data breaches.

Ensure that you adhere to your internal policies. Reduce regulatory and reputational risk and work faster with clients. This applies to all new customers and suppliers. Identify the company or person that you wish to audit. Access to compliance-related information, such as media sources, sanction lists and PEP lists, becomes available. Add your notes - eg surveillance reminders and categorization. Each run is recorded and traceable to all employees involved. These runs can be followed up on a regular basis to automate and secure the department's processes. You can search the data and make your own notes. For compliance purposes, keep a record of the search that is dated and timestamped. You will be able to make faster compliance decisions if you are able to get to know your customers.

Rubix can be used to assess the risk of your counterpart throughout your business relationship. Rubix helps you manage credit risk, build a supply chain and ensure compliance for your business partners around the globe. It is crucial to conduct an on-boarding risk assessment for any new distributor, dealer or customer. If you are a Bank/ Fintech/ NBFC, it is important to conduct an Identity Check (KYC/ AML and Compliance) prior to loan origination. Then, an independent credit risk assessment should be performed at the loan decisioning stage. In today's volatile business environment and interconnected world, a firm's risk profile can change rapidly. Rubix will allow you to monitor your portfolio and track any changes in the firm’s risk profile.

ISG GovernX®, the first third-party management platform, allows you to proactively optimize your supplier relationships, reduce risks, and manage the contract cycle with speed and agility. Take control of your third party environment, increase supplier performance, and decrease spend. Leverage ISG’s insights and knowledge derived from more than $460 million worth of enterprise client-supplier transactions. Automate the entire process of third-party risk management. Reduce your operational, reputational, and financial risk exposure by automating third-party risk management. Automating your workflow, integration and on-going notifications will make it easier to manage onboarding, assessments, remediations, performance monitoring, and reviews. Keep track of and monitor your third-party portfolio. In one dashboard, manage and orchestrate your complex third-party relationships.

Trustpair is the most trusted third-party risk management platform to combat payment fraud in Finance departments of large and mid-sized corporations. Secure controls for editing or adding third parties. Instant control of bank details, worldwide coverage, natural or legal persons control. No more input errors, single or batch data import, traceability of every control performed. Trustpair has a prestigious network of partners that supports financial departments of mid-caps as well as major groups in their efforts to digitize and fight wire transfer fraud. Trustpair makes sure that you pay the right person on the right account. Trustpair's business solution digitizes all aspects of procure-to pay, including the entry into third-party databases and generation of paid campaigns.

Multi-tier supply network risk analytics can help you reduce sourcing and supplier risk and ensure materials flow to protect production, revenue, and reputation. A connected, predictive, dynamic view of sourcing, procurement and logistics risks will help you manage enterprise supply chain risk and ensure business continuity. Predictive analytics in transportation planning and in transit can help you improve on time and in full-service, making volatility and risk a competitive advantage. Everstream is trusted by customers to provide business continuity, reduce risks, and turn potential disruptions in to a competitive advantage. Subscribers have access to our in-depth reports and trends on supply chain risk and can receive weekly briefings and alerts about events affecting global supply chains. Prioritize, predict, and mitigate risks before they affect assets and revenue. To save time and money, you must quickly and efficiently respond to disruptive events.

SupplierBase helps you create a consistent supplier experience within your organization by providing a consolidated view of all your supplier relationships. SupplierBase is constantly improving and adding new functionality to make it a leading supplier management platform. SupplierBase's modular design allows it to adapt to your organization, goals, and objectives. It also provides a centralised hub for supply control that can be integrated into your existing technology infrastructure. By automating the less important activities, you can focus on maximizing your relationships with key suppliers and driving additional value. You can manage suppliers through a single shared interface that allows your stakeholders, suppliers, and team to easily connect, share information, as well as manage activities.

Supply Chain Catalyst provides a 360-degree view on suppliers, including financial, sustainability and operational risk factors. This helps the user to identify vulnerabilities and predict potential disruptions in the supply chain. It assists organizations with complex supply chains and distribution channels to make better decisions about onboarding and monitoring suppliers and to reduce risk in their supply chain. Supply Chain Catalyst is powered by the award-winning Orbis database. It allows organizations to focus on specific risk factors like financial deterioration and reputational risks as well as exposure to major climate events. It allows firms to combine their supplier knowledge with extensive company information, robust risks metrics, and extensive analytical tools.

Your ability to create, monitor, and maintain trust within your team is key. The most resilient organizations foster an ethical values-based culture. This allows everyone to speak up, ask difficult questions, and raise concerns without fear of reprisal. OneTrust's Compliance and Ethics Cloud promotes and fosters an open and safe environment. Leaders can gain insight into the company's culture and take action on areas of concern. A cloud-based platform that coordinates your ethics and compliance program will help you to strengthen your business' ethics and compliance program. You can take proactive steps to reduce emerging risks with a world-class helpline that offers multiple intake channels, integrated case management, whistleblower protection, and integrated case management.

Scale your security and risk functions to ensure you can face challenges confidently. Each day brings new and unexpected threats to organizations and people. OneTrust GRC, Security Assurance Cloud, and the OneTrust GRC bring resilience to your organization and supply chains in the face continuous cyber threats, global crises and more - so that you can operate with confidence. A unified platform to prioritize and manage risk allows you to manage increasingly complex regulations, security frameworks and compliance requirements. Based on your chosen method, gain regulatory intelligence and manage first or third-party risks. Centralize policy development using embedded business intelligence and collaboration capabilities. Automate evidence collection and manage GRC tasks throughout the business with ease.

Scrut allows you to automate risk assessment and monitoring. You can also create your own unique infosec program that puts your customers' needs first. Scrut lets you manage multiple compliance audits and demonstrate trust in your customers from a single interface. Scrut allows you to discover cyber assets, create your infosec program, monitor your controls 24/7 for compliance, and manage multiple audits at the same time. Monitor risks in your infrastructure and applications landscape in real-time, and stay compliant using 20+ compliance frameworks. Automated workflows and seamless sharing of artifacts allow you to collaborate with team members, auditors and pen-testers. Create, assign and monitor tasks for daily compliance management with automated alerts. Make continuous security compliance easy with the help of more than 70 integrations. Scrut's dashboards are intuitive and provide quick overviews.

VISO TRUST’s AI-powered platform for third-party risks allows your security team to easily access risk intelligence on any number of third-parties. Instantly assess your third-party partners without hiring additional analysts. Take action to reduce risks without reading documents or analyzing surveys. Utilize data from thousands vendors to gain unparalleled intelligence on risk. VISO TRUST, the only SaaS-based third-party cyber risk platform that provides the rapid security intelligence required by modern companies to make critical decisions early in procurement, is the only SaaS-based third party cyber risk management platform. Due diligence is simplified by frictionless due diligence, which allows companies to assess third parties without any hassle. Use curated AI to extract insights and automatically determine vendor's security posture. Get a comprehensive view of your organization's cyber-risk posture and take data-driven decision to reduce risk.

Analyze SBOMs of vendors and contractors, perform pre-purchase due dilligence and verify compliance with cybersecurity terms and condition. Create SBOMs for clients, improve risk protection, and provide third-party certifications of supply chain assurance. Apply enterprise policies across internal development, software development outsourced and commercial products. Automated verification of compliance with SLAs. The Ion Channel platform simplifies supply chain risk management. Ion Channel enriches the software inventories, Manifests, and SBOMs of software with supply chain intelligence, proprietary analytics, and clear actions to support low-false positives, clear action, and unparalleled insights.

Supplier (third-party relationships) are becoming a major concern, whether it's about cyber, sustainability, compliance or continuity risks. Third-party incidents are becoming more frequent and have a greater impact. Our platform acts as a secure and all-in-one hub that facilitates multidisciplinary collaboration between all internal risk disciplines, the business teams, and external partners. It allows for the secure and seamless sharing of documents and questions, as well as a collaborative workspace to work on shared requirements. Internal teams can decide what information to share with external parties and other teams while working on the same platform. Our third-party catalogue connects seamlessly with internal procurement systems and external feeds to create a centralized view of your entire third party landscape. This comprehensive view contains all the information you need about contracts and their specific characteristics.

Predictive and actionable insights about your attack surface and third parties. Subscribe to Orpheus and increase security while increasing efficiency. Let us tell who is likely going to attack you, what they are going do, and the vulnerabilities they will exploit. This will allow you to spend your money on the most immediate security measures that are needed to stop cyber risks before they occur. Our threat intelligence solutions use cutting-edge machine learning technology to minimize your and your third-party supplier's exposure to breaches. Our powerful platform allows you to monitor and minimize cyber risks for both your company and those with whom you work. Orpheus, a leading cybersecurity firm, offers clients predictive and actionable intelligence, enabling them anticipate, prepare for and respond to cyber-threats.