Best Third Party & Supplier Risk Management Software - Page 4
Third-party and supplier risk management software gathers and manages vendor risk data to protect companies from issues across various risks. These risks may include financial, legal, strategic, reputational, ethical, information security, operational, cybersecurity, environmental, and geopolitical risks.
This type of software assesses, monitors, and mitigates risks that could negatively impact company-supplier relationships. Compliance and risk officers typically use third-party and supplier risk management software. Additionally, companies benefit from this software by minimizing risks from unreliable suppliers.
It also helps reduce the chances of reputational damage associated with high-risk vendors, lessens the likelihood of business disruptions, and lowers the potential for negative financial consequences. Third-party and supplier risk management software is usually implemented as part of a broader governance, risk, and compliance initiative.
A third-party and supplier risk management tool is different from vendor security and privacy assessment software, as the latter focuses specifically on cybersecurity and privacy third-party risks but does not address other risk domains, such as financial or environmental risks.
Third-party and supplier risk management also differs from contractor risk management, which assesses the unique risks associated with hiring an individual or organization to complete a specific project rather than a vendor engaged in providing goods or services as part of their normal business operations. It also stands apart from various types of supplier or supply chain management software because those typically don’t have robust vendor risk analysis capabilities.
To qualify for inclusion in the Third Party and Supplier Risk Management category, a product must:
Featured Third Party & Supplier Risk Management Software At A Glance
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- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Prevent fraud, detect risk, and investigate crime with powerful online investigation software Bring key content together to connect the facts and provide intelligent analytics through one solution wi
- 54% Mid-Market
- 38% Enterprise
150,615 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
The most comprehensive supplier intelligence platform - better supplier discovery, evaluation, and monitoring for stronger supply chain resilience. Craft Supplier Intelligence provides the most compr
- 50% Mid-Market
- 50% Small-Business
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Tandem's web-based application is designed to manage the compliance burden of information security regulations and improve the security posture of each of its users. Tandem is a business-to-business s
- Banking
- Financial Services
- 62% Mid-Market
- 31% Small-Business
30 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Aravo provides cross-functional third-party management across multiple risk domains throughout the entire lifecycle of the relationship. Maintaining a single, auditable inventory of all relationships
- 67% Small-Business
- 33% Enterprise
3,990 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Archer helps organizations manage risk in the digital era—uniting stakeholders, integrating technologies and transforming risk into reward.
- 80% Enterprise
- 25% Mid-Market
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
ComplyScore by Atlas Systems is an AI-driven third-party risk management platform designed to minimize potential threats and enhance the quality of vendor relationships. With AI-powered insights and i
- 75% Mid-Market
- 25% Enterprise
835 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Contingent - The Supplier Insight Platform Your Whole Business Will Love. We help teams get the supplier insight they need, to instil transparency, and build resilience across their business. Contin
- 67% Mid-Market
- 33% Small-Business
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
GAN Integrity helps global organizations elevate business ethics everywhere. We work with the world’s smartest companies to help them manage risk, impact behavior, and deliver long-term strategic val
- 50% Enterprise
- 30% Mid-Market
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
LexisNexis Entity Insight complements conventional credit scoring, helping you spot supplier and third-party risks so you can take preemptive action, sooner.
- 75% Small-Business
- 25% Mid-Market
1,268 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Pivot is a consumer-grade procurement software that helps companies keep their spend under control while enhancing their teams. Native integrations with ERPs and company tools allow implementation in
- 84% Mid-Market
- 12% Small-Business
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
ServiceNow Third-party Risk Management (TPRM) is a comprehensive software solution designed to streamline and strengthen how organizations manage risk from vendors, suppliers, and partners. With Servi
- 50% Enterprise
- 50% Mid-Market
52,804 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
AuditComply is an Integrated Risk Management (IRM) platform. A cloud-based SaaS solution transforming the way organizations assess, manage & report on Risk, Compliance & Quality functions in r
- 50% Small-Business
- 40% Mid-Market
600 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
In today’s threat landscape, understanding your cyber risk exposure - across vendors, systems, and the extended supply chain - is critical. At Black Kite, our mission is to equip business and security
- 100% Enterprise
1,526 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Connected Risk® is a mature GRC solution based on 25+ years of GRC workflow software experience, elevated with innovation on a zero-code platform with leading internal and partner content and technolo
- 67% Enterprise
- 33% Small-Business
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Evident gives Risk Leaders the AI-powered automation and insight they need to find blindspots, fix bottlenecks, and close the compliance gaps that leave them exposed to third-party risk. Why this m
- 33% Enterprise
- 33% Mid-Market
246 Twitter followers
