Best Third Party & Supplier Risk Management Software - Page 5
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
- User Satisfaction
- Seller Details
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.
- 100% Enterprise
952 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Locktivity enables third party risk and resiliency for the modern SaaS ecosystem. From shadow IT to ongoing monitoring, Locktivity automates the busy work and puts prioritized insights at your fingert
- 100% Small-Business
- Overview
- User Satisfaction
- Seller Details
Confidently assess merchant risk so you can take action before it results in fines, damages your reputation, or threatens public safety. Transaction laundering. Online gambling. Hate groups. Illega
- 50% Enterprise
- 50% Mid-Market
- Overview
- User Satisfaction
- Seller Details
It illuminates your risk landscape with deep insights. Dive into data-driven decisions and stay a step ahead with Predict360 Risk Insights. It leverages Artificial Intelligence (AI) to supplement inte
- 100% Enterprise
333 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Predict360 Vendor Risk Management application helps organizations manage risk and minimize risk exposure from vendors, suppliers and consultants by ensuring their compliance with applicable laws, regu
- 100% Small-Business
333 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Prewave is the leading supply chain risk platform used by manufacturing companies worldwide to improve the transparency and resiliency of supply chains. The artificial intelligence (AI) based platform
- 100% Mid-Market
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
spektr is the next-gen compliance platform for AI-powered teams. Choose only the modules you need - KYB, KYC, ODD, EDD - and power up your workflow with specialized AI agents for everything from bu
- 60% Mid-Market
- 40% Small-Business
- Overview
- User Satisfaction
- Seller Details
Connect more information and insights across your enterprise with Sphera’s innovative, integrated risk management platform. SpheraCloud® gets the right information to the right people at the right tim
- 64% Enterprise
- 18% Mid-Market
4,037 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Beroe LiVE.Ai is an AI-driven integrated Market Intelligence platform for procurement teams to get intelligence, supplier risk, supplier shortlisting, benchmarking, and market indices under a single u
- 100% Small-Business
- Overview
- User Satisfaction
- Seller Details
Blue Umbrella GRC is a modular, best-in-class, plug & play compliance platform that will effectively manage multiple areas of third-party risk. It's designed to scale as your third-party risk mana
- Overview
- User Satisfaction
- Seller Details
How reliable are the vendors and suppliers you depend on? Is your third-party risk management software providing a consolidated view of vendor risk? The Camms third-party risk management (TPRM) tool p
464 Twitter followers
- Overview
- User Satisfaction
- Seller Details
ComplyFlow is your end-to-end solution for supply chain and workforce safety management, providing a unified platform to manage all your compliance requirements. Our cloud-based software streamlines c
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
The intuitive, flexible GRC platform that delivers efficiency and value – your way. Driven by the belief that technology should be an enabler, not a barrier, we created the CoreStream GRC platform
- Information Technology and Services
- 75% Enterprise
- 25% Small-Business
27 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Corporater enables medium and large organizations to align GRC activities with strategic objectives and performance goals. Interconnect people, processes, and data, and foster a culture of transparenc
- 100% Small-Business
- Overview
- User Satisfaction
- Seller Details
Mitigate supply-chain risks and anticipate crisis spread Use the datafalk supply-chain tracking platfrom to stay informed about what's happening around the world : from mineral supplier to product
