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Best Third Party & Supplier Risk Management Software

Third party & supplier risk management software gathers and manages vendor risk data to protect companies from issues such as data breaches or noncompliance. This type of software assesses, monitors, and mitigates all risks that may have a negative impact on the relationship between a company and its suppliers. Third party & supplier risk management software is typically used by compliance officers or by managers from departments such as quality management, supply chain, or manufacturing. Compliance officers use third party & supplier risk management software to ensure compliance with internal policies and governmental regulations such as FFIEC, CFPB, or HIPAA. Department managers benefit from using this type of software as it helps reduce the risk of disruption caused by unreliable suppliers.

A third party & supplier risk management tool is usually implemented as part of a broader governance, risk, and compliance initiative, but the software can also be delivered as a standalone product. When provided separately, third party & supplier risk management solutions need to integrate with other software tools such as supply chain suites, quality management software, ERP systems, and governance, risk, and compliance software.

To qualify for inclusion in the Third Party & Supplier Risk Management category, a product must:

  • Include standard workflows and templates to assess and evaluate supplier risk
  • Provide a 360-degree view of suppliers which can be shared internally and externally
  • Ensure compliance with internal policies and regulations for supplier risk
  • Deliver processes and templates for supplier risk control and oversight
  • Offer self-service portals for suppliers to provide information and documents
  • Include standard reports on risk monitoring and risk exposure
  • Monitor vendor performance and any supplier risk changes
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Compare Third Party & Supplier Risk Management Software
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    LexisNexis® Dossier Suite™ is a searchable reporting tool that provides in-depth information on more than 80M companies, 75 million executives and 1,000 industries.


    LogicManager believes performance is a result of effective risk management. Since 2005, LogicManager's enterprise risk management (ERM) software has empowered organizations to uphold their reputation, anticipate what's ahead, and improve business performance through strong governance. Today, LogicManager’s SaaS software and included advisory service help businesses integrate risk, governance, and compliance activities so they can protect their employees, customers, and shareholders. LogicManager was named one of Insight Success’ 50 Most Valuable Technology Companies, was awarded GRC 20/20’s GRC Value Award in Risk Management, and has been recognized by Forrester Research with a perfect 5.0 in Customer Feedback. With offices in the United States and Europe, LogicManager enables companies around the globe to achieve success. To learn more about LogicManager, visit www.logicmanager.com


    Compliance 360 enables a comprehensive approach to regulatory compliance, risk and audit management through a common enterprise-wide platform.


    Dow Jones Risk & Compliance is a global provider of third party risk management and regulatory compliance solutions. Working with clients across the globe, we have created products and services to help companies evaluate third party risks faster and with more confidence.


    FISCAL's AP Forensics Enterprise Suite is a set of powerful tools that can be used by any finance professional to reduce overpayments, detect fraud and protect an organization's overall spend. The software has been designed specifically for P2P staff to run on a constant monitoring, daily or weekly basis, and works alongside any accounting or ERP system.


    Aravo delivers market-leading SaaS solutions for managing enterprise third party risk to help Global 2000 companies protect their brand, build customer trust and elevate business performance.


    Covers all aspects of the risk management process, ranging from initial risk identification, through risk assessment and evaluation to risk mitigation.


    Whether you are an Enterprise or Third-Party, CyberGRX is a force multiplier for your team. Our Global Risk Exchange and Risk Assessments-as-a-service eliminate waste and redundancies, so you can focus on reducing risk.


    DueDil is an online tool that combines comprehensive sources of company information to uncover business opportunities and understand risks.


    HICX helps the world's leading companies extract maximum value from their supplier relationships by turning the complexity of supplier management into a strategic advantage.


    Opus' Hiperos 3PM platform helps manage the risks, compliance and performance - optimizing the value of third party relationships.


    IntegrityNext is a cloud-based platform that covers all major aspects of CSR and sustainability requirements, allowing companies to monitor thousands of suppliers with minimal administration.


    Kodiak Rating is a Supplier Relationship Management platform that provides you with the business intelligence you need to manage risk, optimize supplier performance, increase productivity and create long-lasting supplier relationships


    Meercat�� Suite is a web-based software solution for firms wishing to implement state-of- the- art supplier auditing and supply chain risk management.


    The MetricStream Third-Party Management App enables a comprehensive process to identify, assess, mitigate, and monitor third-party risks, as well as to manage compliance. The app streamlines third-party information gathering, due diligence, onboarding, real-time monitoring, and risk and control assessments.


    MyComplianceOffice is a powerful software solution that automates compliance program activities and demonstrates an organization’s culture of compliance.


    Prevalent's comprehensive third party risk management (TPRM) platform helps your organization proactively manage third party risk through understanding that "one size does not fit all". Our integrated suite of solutions includes automated assessment software, continuous threat monitoring, and innovative vendor evidence sharing networks.


    ProcessUnity's cloud-based solutions help organizations of all sizes automate their risk and compliance programs.


    ResilienceONE enables vendor risk assessments to protect third-party relationships without the need for additional software. It allows to include outside vendors in recovery timeframe objectives (RTOs) based on potential impact, develops risk-mitigation measures using sophisticated, proprietary risk-modeling algorithms, identify associated processes and assets by risk, potential impact, priority, and relationship.


    An integrated, 360-degree approach to Third Party Risk Management. Through flexible workflows, deep integration to your existing systems, and powerful analytical dashboards, Resolver offers a clear view into every aspect of your third party relationships. The ongoing monitoring of vendor performance reduces the chance of risks going unseen, and ensures the appropriate stakeholders can take action to protect your organization from all types of third party risk.


    riskmethods provides companies with a supply chain risk management solution for proactive monitoring and assessment of risks


    RiskRate delivers a robust solution for your third-party risk management and enterprise due diligence program. Execute on your risk-based third-party risk management program with centralized onboarding, screening and continuous third party monitoring.


    Everything you need for solid, reliable vendor risk analysis and management. Intuitive workflows guide you through categorization, assessment, issue tracking, notification, remediation and reporting.


    SecurityScorecard helps enterprises gain operational command of their security posture and the security posture of their ecosystems through continuous, non-intrusive monitoring. The company’s approach to security focuses on identifying vulnerabilities from an outside-in perspective, the same way a hacker would. SecurityScorecard’s proprietary SaaS platform offers an unmatched breadth and depth of critical data points including a broad range of risk categories such as Web, Application Security, Patching Cadence, Network Security, Hacker Chatter, Social Engineering, and Leaked Credentials, DNS Health, Endpoint Security, IP Reputation and Cubit Score.


    Symfact is an international company with an industry leading software solution for document and process management. We focus to provide a single software platform to address the multiple domains of Contract and Compliance Management. Our software helps you deal with Governance, Risk and Compliance, thereby reducing risk and increasing efficiency and productivity.


    ThirdPartyTrust is the vendor risk management platform for companies to connect, assess and share relevant security documentation. Our solution helps information security teams perform vendor risk assessments faster and more accurately via automation and eliminating redundancies in the VRM process. You can collaborate on risk assessment questionnaires, collect SOC reports, and more. Using the ThirdPartyTrust solution you can scale your vendor risk management across all your vendors and simply.


    VENDEFENSE evaluates all third-party vendors and brings your weakest links to the surface. Then you have the power to accept, avoid or request remediation of each vendor.


    WolfPAC's online suite of enterprise risk assessment tools and risk management plans incorporate risks into a single, integrated solution.