Best Third-Party Risk Management Software of 2024

Tandem is an online tool that reduces regulatory compliance burdens and improves security posture. This is your all-in one information security and compliance solution. Tandem is our product because it works in partnership with you - in tandem. Tandem brings together your organization's knowledge and your needs. Tandem also offers software designed by information security professionals to help you organize, manage and monitor your information security program. Tandem will handle the new guidance, data tracking and structure, as well as report generation. You will be amazed at what you can do with the right tool for your job.

The new standard for third-party risk management and attack surface management. UpGuard is the best platform to protect your organization's sensitive information. Our security rating engine monitors millions upon millions of companies and billions upon billions of data points each day. Monitor your vendors and automate security questionnaires to reduce third- and fourth-party risk. Monitor your attack surface, detect leaked credentials, and protect customer information. UpGuard analysts can help you scale your third-party risk management program and monitor your organization and vendors for potential data leaks. UpGuard creates the most flexible and powerful tools for cybersecurity. UpGuard's platform is unmatched in its ability to protect your most sensitive data. Many of the most data-conscious companies in the world are growing faster and more securely.

Docutrax's online system for tracking documents and certificates of insurance is designed to meet best-practices risk management goals. The system automates many of the tedious, time-consuming, and error-prone processes involved in obtaining and tracking COIs or other documents. Docutrax has been proven to achieve higher rates of insurance coverage compliance, at lower cost, while enhancing business processes in ways previously unimaginable. Its flexible interface can be adapted to any business organization. All parties involved are automatically notified via customized vendor/broker notifications, and pushed email alerts to the designated personnel. Our licensed insurance and support personnel ensure informed customer services to our client (tenants, vendors/suppliers, contractors or franchisees). Their insurance agents.

Ostendio is the only integrated security and risk management platform that leverages the strength of your greatest asset. Your people. Ostendio is the only security platform perfected for more than a decade by security industry leaders and visionaries. We know the daily challenges businesses face, from increasing external threats to complex organizational issues. Ostendio is designed to give you the power of smart security and compliance that grows with you and around you, allowing you to demonstrate trust with customers and excellence with auditors. Ostendio is a HITRUST Readiness Licensee.

Sphera Supply Chain Risk Management can help you identify, assess, and mitigate supply chain risks. We can help you master supply chain risk management. Sphera Supply Chain Risk Management can help you identify, analyze, and mitigate all types supply chain risk. We can help you turn risk into opportunities to rise above your competition. With Impact Analyzer, you can prevent risk from costing your business. Evaluate supplier criticality and identify vulnerabilities in the category. Action Planner will save you valuable time and help you make the right decisions. To prevent risk, collaborate with your suppliers and your organization. Your suppliers are the only ones who have the answers to certain areas of your risk exposure. You need a professional to help you. Invite your suppliers to join you on the next frontier in supply chain risk visibility.

SureCloud is a leading provider of cloud based, integrated GRC (Governance, Risk & Compliance) products and cybersecurity services. SureCloud’s Aurora platform helps organizations effectively manage information security risks and gain complete visibility of their operations. The highly innovative platform provides powerful insights to help your organization stay ahead of threat actors and constantly evolving compliance standards. With Aurora’s out-of-the-box automation capabilities, transform your efficiency and dramatically reduce your operating costs.

AuditComply is a Belfast-headquartered Enterprise Risk Management Platform. Comprehensive solutions for Quality, Compliance, Risk, and EHS. SaaS-based solution that helps you spot hazards/issues and monitor risk. It also helps you to manage uncertainty and boost your performance. The company works in highly regulated sectors such as Automotive, Food & Beverage and Oil & Gas. Key clients are located throughout the UK, EU and US, Middle East, Asia Pacific, and Middle East regions. AuditComply combines the enterprise workflow with the speed and agility to deploy a mobile-first application. Our enterprise customers choose us because we deliver value from the first day. We adapt to change seamlessly to meet customers' daily needs, promote visibility and reduce costs, and drive operational efficiencies while anticipating and managing enterprise risks.

SYNERGi, an award-winning, sophisticated, yet affordable, GRC platform that organisations use to develop, maintain, and report compliance against legal or regulatory obligations, is a highly successful platform. You can choose the modules that best suit your business goals from the cloud-based platform's wide range of modules. SYNERGi's sophisticated reporting capabilities allow you to create a single source of truth when it comes to cyber risk monitoring. We know that purchasing a GRC tool can be a substantial investment. We offer a proof-of-concept to let you experience the benefits of SYNERGi and to help you build a business case to support your decision.

Third party risk management (TPRM), is a structured approach to manage and control risks that may arise to an organization from third parties. Third parties include: Customers, Vendors, Counterparties and Fourth Parties. Third-party relationships can pose a significant risk to an enterprise. Companies have been forced to pay more attention to potential cyber-related risks due to regulatory pressure and the proliferation of third-party partners. They allow companies to be competitive and flexible in a global business environment. These relationships allow companies to delegate tasks so they can concentrate on their core competencies. The benefits of third parties can also come with risks that pose serious threats to a company, such as cyber attacks, business continuity challenges, and reputational damage.

Identify and manage third party risk. To effectively manage multiple areas, this modular, best-in class, plug-and-play compliance platform allows you to easily and efficiently manage third-party risks. Only buy what you need. Blue Umbrella GRC can scale with your third-party risk management system. Start with just one module, or create a bundle to build on it. Streamline your data. You don't need multiple tools or systems to manage third party risk. Blue umbrella grc centralizes it all. Get started today. Register online to get started in minutes. The setup is easy and the interface is friendly. Trusted expertise. Trusted expertise. Automate the process. Each module is designed to help you identify vendor risk and take appropriate steps to rectify it.

Dow Jones Risk & Compliance, a global provider, provides best-in class risk data, web based software applications, and scalable due-diligence services to help organizations manage risks and meet regulatory requirements in relation to financial crime, third party risk management, international trade, and sanctions. Dow Jones Risk & Compliance is built on the legacy of the world's trusted newsroom. It combines the expertise and knowledge of a multilingual team of researchers with the industry-leading data scientists, technologists and analysts to provide actionable compliance content. Our solutions were created in partnership with leading legal and political advisors, including former regulators, to help our clients maintain consistency among global business units and teams.

Prewave's risk intelligence platform helps you understand your global supply chain and the associated risks. Prewave provides global coverage by focusing on local and regional sources. Prewave analyzes texts in their native languages to gain a deeper understanding. Prewave alerts are highly structured datapoints that contain all relevant attributes. Monitoring and assessing the most important elements of your supply chain and logistics chain for disruption risk: Suppliers, Transportations Hubs and Raw Material Sites. Real-life data is just as important as financial and credit reports when evaluating suppliers. Before you make any decisions, ensure that you have a complete picture of the supplier.

Beroe LiVE.Ai is an AI-Powered Procurement Intelligence Platform that helps companies minimize risk and maximize opportunities with intelligence, data, and alerts across 1,600+ sourcing categories. Beroe LiVE.Ai can help companies: 1) Discover Market Information: Get market data for 1,600+ categories (more than 95% of NAICS spend codes are covered globally). 2) Manage Supply Risk: Determine the impact of event-led disruptions (from COVID-19 to hurricanes) on supply chains along with multi-tier supplier mapping and associated risks. 3) Measure Category Performance: Benchmark and measure companies' category performance against your peers or the wider industry. 4) Track Category Cost & Prices: Monitor and forecast real-time price changes across products, services, and commodities on a real-time basis. 5) Discover Suppliers: Identify suppliers from our database of more than 4.2 million suppliers. 6) Get Category Alerts: Get ahead of issues concerning procurement and the broader business through proactive alerts. 7) Improve Your Supply Chain Visibility: Predictive supply chain risk monitoring covering 100+ risk events across 14 risk categories. 8) Monitor Supplier Carbon Footprint 9) Build Skills

Triplicity’s powerful cloud-based software allows you to automate third-party risk management. Our third-party vendor risk manager ensures that your company's risk is fully understood and managed. It does this by applying a risk based approach. Triplicity automates your processes to reduce your risk and improve your strategic relationships with key third-party suppliers. Compare and rate third parties based on risk, category, unit of business, or even their application of agreed service. You can improve reliability and reduce risk by working only with parties who adhere to industry best practices. Improve your performance with several thousand third-party assessment simultaneously and ensure that all parties are assessed. Triplicity is a vendor risk management (IVRM) software solution that has a difference. We profile each third-party to determine their inherent risk to your business.

DoubleCheck Risk Management is a cloud-based platform that allows you to manage enterprise risks either in isolation or as part of an integrated governance, compliance and audit suite. DoubleCheck Enterprise Risk Management software is flexible and configurable. It allows all stakeholders to rate, manage, and rate various risks from different sources. The key features of DoubleCheck Risk Management include document and policy management, testing, issue creation, as well as the ability to conduct risk surveys to establish status.

IT Governance, Risk and Compliance refers to the cyclical integration and monitoring of compliance and compliance standards. Cyberator helps you stay current with industry standards and regulatory compliance. It transforms inefficient processes within your organization into a unified Governance, Risk and Compliance program (GRC). It allows for a dramatic reduction in time when performing a risk assessment. There are more cybersecurity and governance frameworks to choose from. It uses industry knowledge, data-driven analysis, and industry best practices to transform security program management. Cyberator provides full control over security road-map development and automatic tracking of gaps.

This is the best way to share, publish and assess vendor security information. Whistic Vendor Security Network allows you to automate vendor assessments, share security documents, and make trusted connections - all from one place. Whistic makes it easy for companies to manage vendor security assessments and respond to questionnaire requests. Openly sharing security requirements with vendors and publishing profiles will help you avoid the old black box security reviews. Instead of chasing spreadsheets, focus on building trust.

Diligent HighBond: A complete GRC platform designed by industry experts to improve IT security, risk management and compliance. Industry experts wanted a better way of working. HighBond streamlines collaboration between organizations, automates repetitive tasks and delivers best practices in an award-winning interface powered by ACL Robotics/Rsam technology. HighBond is a collection of products that each cover a different aspect of your organization's governance. These products together form the HighBond software platform.

Trusted Integration is a boutique provider for Governance, Risk and Compliance management solutions for highly-regulated government agencies and commercial businesses. TrustedAgent GRC is our flagship product. It is flexible and scalable and allows organizations to standardize their business processes, reduce complexity, and lower costs for managing, analysis, and remediation risks across the enterprise. TrustedAgent is a cost-effective and unparalleled enterprise solution that allows organizations to assess, manage, remediate, and mitigate risks before any adverse losses are suffered.

Risk management is best done in a fluid and powerful way. Your decisions today can help you mitigate the risks that you might face tomorrow. SAI360 is a cloud-first software that combines modern ethics and compliance content to help organizations navigate risk in a flexible and agile way. All the best in intelligent solutions and global expertise in one platform. Configurability of solution, extensible data model with configurable interface/forms, fields and relationships to extend solutions. Process modeling: Modify or create new processes to automate, streamline, and reduce risk, compliance, audit, and other activities. Data visualization and analysis. Many pre-configured dashboards that are easy to set up allow you to visualize and analyze data. Learning and best practices content - Preloaded frameworks, control library and regulatory content, along with values-based ethics, compliance learning content. Integration framework with APIs, and other protocols.

Maclear's goal is to provide a seamless partnership that serves you and your company. You can control how we interact with you to meet the needs of your company and its various verticals. We want to be there for you and your business. We offer flexible, comprehensive GRC solutions (governance and compliance) that seamlessly integrate with your well-crafted processes and concepts. This will help you meet your needs and set the standard for industry best practices. Maclear is an additional team member that will help you manage Corporate Governance, Risk Management and Regulatory Controls. Each Maclear member brings a level expertise and experience in the design, implementation, and training of GRC software.

Venminder has all the features that you need to manage third-party risks effectively. To determine which vendors need attention, complete inherent risk assessments. With dedicated workspaces, you can streamline the onboarding, ongoing management, and offboarding of vendors. Our purpose-built configurable platform software allows you to manage each stage. Risk assessments are a vital activity that you should complete on vendor products. They provide information about the risk that a product poses to your company. Venminder allows you to create custom risk assessments, invite unlimited users to contribute, set scoring preferences, and create clear and concise risk rating and reporting reports. Other features include template creation, progress monitoring, and residual risk capabilities.

We know that making a change means taking a chance. We care about your concerns, no matter if you are moving from a manual process to replacing a system. MCO can help you understand the risks and guide you to the right path for your company. No more compliance from the swivel chairs. Access to all your work from one place. One portal, one login, one data source, and unprecedented risk control. While no two companies have the exact same regulatory requirements, all require technology that meets their specifications. MyComplianceOffice modular approach allows you to purchase what you need today and have the confidence that you can add more tomorrow. SaaS technology costs less to purchase and install. MCO's platform includes a central data center that houses all compliance modules. This allows for a proactive and cost-efficient approach to managing regulated activities. It is crucial that users adopt the platform. Employees will find it easy to use with a simple user interface and minimal clicks.

Forward-looking risk visibility helps to reduce losses and prevent future events. Modern integrated risk management with real-time aggregated data on risk and their impact on investments and business objectives. Protect brand reputation, reduce compliance costs, and gain the trust of regulators and boards. Keep up-to-date with evolving regulatory requirements and proactively manage compliance risk, policies, cases, controls assessments. By aligning audits with strategic imperatives, business goals and risks, you can drive risk-awareness and accelerate business performance. Provide timely insights into risks and improve collaboration between different functions. Reduce third-party risk exposure and make better sourcing decisions. Continuous third-party compliance, performance monitoring and continuous third-party risks monitoring can help prevent third-party incidents. All aspects of third-party risk management can be simplified and streamlined.

STREAM Integrated Risk Manager, an award-winning GRC platform, allows organizations to centralize and automate, quantify, report on, and report on risk. It can be used in a variety of applications, including cyber / IT and enterprise risk management, BCM, and vendor risk management. STREAM is available as a SaaS and on-premise deployment. It has been around for more than 10 years. It has been adopted worldwide by organizations in many industries, including finance, energy and healthcare, legal, and IT. For more information, please contact us.