Best Web-Based Third-Party Risk Management Software of 2024

ShieldRisk, an Artificial Intelligent powered platform for third party vendor risk assessment, is fast and accurate. The platform acts as a single platform that executes vendor audits on the global security & regulatory framework. ShieldRisk AI allows for the analysis of auditing & advisory functions. This results in time savings, improved data analysis, greater accuracy, and more detailed insight into vendor security posture. In accordance with international compliance standards, ShieldRisk helps organizations transform their cybersecurity programs to enable and offer risk-free digital business strategies. We help organizations assess their vendors' digital resilience, maximize recovery rates, and lower their total risk while making cybersecurity build-or buy decisions. Our range of single and double view platforms is easy to use and provides the most precise and accurate security screening and analysis.

Imagine if all aspects of third-party risk could be consolidated into one place. Third Party Tracker is a PwC Product that helps companies screen, manage, and identify potential partners. It also conducts due diligence and monitors the relationship throughout its lifecycle. To reduce reputational or financial risk, it is important to comply with regulatory requirements and meet stakeholder expectations. Continuous monitoring can be used to assist in meeting these requirements. Prior to entering into any mergers, acquisitions, or strategic partnerships, do your research and identify areas of risk. It is web-based and does not require any software or plug-ins. To provide historical audit trails, capture and save reviewer responses. Multi-language capabilities allow you to eliminate back and forth communication. Your teams will be able to see the whole enterprise and not just in their own silos. This will result in increased risk coverage and long-term cost efficiencies.

Our integrated suite of cybersecurity services and products provides data-driven insights that help companies prevent security breaches. RiskXchange is a great place to start if you want to improve your cybersecurity rating, protect your data and prevent attacks. RiskXchange is the best platform for protecting your organization against third-party cybersecurity risks and compliance risks. RiskXchange offers a unique service that integrates seamlessly with our managed, third-party risk management program. RiskXchange can continuously monitor your attack surface to prevent data breaches and information leakage. It can also discover and report on a wide variety of cybersecurity issues.

Organizations must modernize assessment and monitoring as disruptions become more frequent. What are you doing now to prepare? You can map and model supply chains deeper, and view all information about your business relationships in seconds. We have the largest network of B2B relationships that is highly connected and multi-dimensional, thanks to a variety of AI models trained on supply-chain data. We monitor global events continuously, providing real-time indicators for supply chain vulnerability and distress across your business ecosystem down to the Nth level. Build resilience into your extended supply chain. Cyber threats can be managed proactively, regulatory compliance ensured, and you can source confidently with just one solution. Identify and assess connections to prohibited and restricted countries, assess legal compliance, and identify operational, financial, governance, and cyber risk down to any one supplier, anywhere.

Old-fashioned tools can be time-consuming and costly to use to manage vendors. It's not always standard and reliable. Our Know Your Vendor™, solution helps clients reduce supply chain risks by providing a consolidated panorama to do due diligence on third parties. Due diligence is conducted to insure integrity in the supply chain and prior to making important business decisions in areas such as corporate mergers/acquisitions, or partnership. Due diligence is a thorough background check of a prospect, whether it's a corporation, its principals, or a specific person.

Our Audit Management system is more than just a tool to optimize audit life-cycle. We've combined it together with our Enterprise Risk Management, Issue Management, and IT Systems Inventory applications. It enhances the way that you conduct audits and allows senior management and the Audit Committee to assess how audit results impact the organization’s risk profile and determine the best post-audit actions to take. Our Issue Management system has been included, so process owners can track and respond to issues or enhancement opportunities that are identified during audits. Our Enterprise Risk Management (ERM), provides a central location for monitoring, updating, and assessing your company's risk profile at the enterprise, regional, and process levels. Risk owners periodically complete automated surveys to score risks and identify any changes in your risk environment.

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.

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.

Red Oak Software, formerly AdMaster Compliance™, offers a comprehensive suite SEC 17A-4-compliant features that are tailored to meet the evolving needs and requirements of small and large financial firms. Our workflow software will help your firm reduce risk, reduce costs, increase efficiency, and minimize risk in compliance review. It is difficult and requires specialized knowledge to build and execute a successful compliance program. Our cloud-based, secure technology was developed over years of collaboration between technology architects and compliance professionals. It is designed to manage the entire compliance review process, from start to finish. Compliance is not a static process. Red Oak Software was designed to meet the changing needs of financial institutions, large and small. You can work seamlessly with the internal departments of your firm and any external entities that you need to comply.

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.

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.