Best Third Party & Supplier Risk Management Software

Lauren Worth
LW
Researched and written by Lauren Worth

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:

Include standard workflows and templates to assess and evaluate a wide range of third-party risks, including financial, legal, strategic, reputational, ethical, information security, operational, cybersecurity, environmental, and geopolitical risks
Include standard reports on third-party risk exposure
Remediate third-party risks in alignment with internal policies
Monitor ongoing vendor performance and any third-party risk changes
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Featured Third Party & Supplier Risk Management Software At A Glance

Leader:
UpGuard
UpGuard
Highest Performer:
Omnea
Omnea
Easiest to Use:
Descartes Denied Party Screening
Descartes Denied Party Screening
Top Trending:
Vanta
Vanta
Show LessShow More
Highest Performer:
Omnea
Omnea
Easiest to Use:
Descartes Denied Party Screening
Descartes Denied Party Screening
Top Trending:
Vanta
Vanta

G2 takes pride in showing unbiased reviews on user satisfaction in our ratings and reports. We do not allow paid placements in any of our ratings, rankings, or reports. Learn about our scoring methodologies.

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116 Listings in Third Party & Supplier Risk Management Available
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UpGuard
(654)4.5 out of 5
Entry Level Price:$1,750.00
4th Easiest To Use in Third Party & Supplier Risk Management software
OverviewPros and Cons
Product Description

UpGuard provides cybersecurity risk management software (offered as SaaS) that helps organizations across the globe prevent data breaches by continuously monitoring their third-party vendors and their

Users: Security Analyst, CISO · Industries: Financial Services, Information Technology and Services · Market Segment: 49% Enterprise, 37% Mid-Market
Pros and ConsUser Satisfaction
ProsEase of Use, Security, Risk Management, Time-saving, Customer Support
ConsLack of Clarity, Expensive, Limited Functionality, Improvement Needed, Limited Customization
User SatisfactionSeller Details
UpGuard features and usability ratings that predict user satisfaction
8.6
Oversight
Average: 8.7
9.1
Has the product been a good partner in doing business?
Average: 9.1
8.4
Centralized Data
Average: 8.8
8.1
KPIs
Average: 8.5
Seller Details
Seller
UpGuard
Company Website
Year Founded
2012
HQ Location
Mountain View, California
Twitter
@UpGuard
8,728 Twitter followers
LinkedIn® Page
www.linkedin.com
322 employees on LinkedIn®
Vanta
(2,349)4.6 out of 5
3rd Easiest To Use in Third Party & Supplier Risk Management software
View top Consulting Services for Vanta
OverviewPros and Cons
Product Description

Vanta is the leading Agentic Trust Platform helping 15k+ companies—like Atlassian, Duolingo, Golden State Warriors, and Icelandair—start and scale their security programs and build trust with buyers.

Users: CTO, CEO · Industries: Computer Software, Information Technology and Services · Market Segment: 55% Small-Business, 39% Mid-Market
User Sentiment

Reviewers appreciate Vanta's ease of use, its ability to integrate with various tools, and its automation of evidence collection, which saves significant time and effort. Users mentioned issues with Vanta's pricing, particularly for smaller companies, occasional difficulties with integrations, and a desire for more robust reporting and vendor risk management features.

Pros and ConsUser Satisfaction
ProsEase of Use, Compliance, Integrations, Automation, Time-saving
ConsIntegration Issues, Pricing Issues, Expensive, Limited Integrations, Missing Features
User SatisfactionSeller Details
Vanta features and usability ratings that predict user satisfaction
8.6
Oversight
Average: 8.7
9.2
Has the product been a good partner in doing business?
Average: 9.1
8.7
Centralized Data
Average: 8.8
8.1
KPIs
Average: 8.5
Seller Details
Seller
Vanta
Company Website
Year Founded
2018
HQ Location
San Francisco, California
Twitter
@TrustVanta
4,377 Twitter followers
LinkedIn® Page
www.linkedin.com
1,624 employees on LinkedIn®
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Descartes Denied Party Screening
(204)4.8 out of 5
1st Easiest To Use in Third Party & Supplier Risk Management software
OverviewPros and Cons
Product Description

Descartes Denied Party Screening (also known as Descartes Visual Compliance and Descartes MK Data) provides a range of best-in-class compliance software solutions covering third-party risk management

Users: Manager, Rm · Industries: Airlines/Aviation, Manufacturing · Market Segment: 44% Enterprise, 38% Mid-Market
Pros and ConsUser Satisfaction
ProsEase of Use, Efficiency, Time-saving, Setup Ease, Compliance Management
ConsInefficient Search, Time-Consuming, Improvement Needed, Integration Issues, Learning Curve
User SatisfactionSeller Details
Descartes Denied Party Screening features and usability ratings that predict user satisfaction
8.5
Oversight
Average: 8.7
9.5
Has the product been a good partner in doing business?
Average: 9.1
8.7
Centralized Data
Average: 8.8
8.3
KPIs
Average: 8.5
Seller Details
Seller
Descartes Systems Group
Company Website
Year Founded
1981
HQ Location
Waterloo, Ontario
Twitter
@descartessg
3,216 Twitter followers
LinkedIn® Page
www.linkedin.com
1,647 employees on LinkedIn®
Secureframe
(794)4.7 out of 5
Entry Level Price:Contact Us
2nd Easiest To Use in Third Party & Supplier Risk Management software
View top Consulting Services for Secureframe
OverviewPros and Cons
Product Description

Secureframe empowers businesses to build trust with customers by simplifying information security and compliance through AI and automation. Thousands of organizations such as AngelList, Nasdaq, Coda,

Users: CEO, CTO · Industries: Computer Software, Information Technology and Services · Market Segment: 65% Small-Business, 30% Mid-Market
Pros and ConsUser Satisfaction
ProsEase of Use, Compliance, Automation, Security, Integrations
ConsIntegration Issues, Limited Integrations, Limited Customization, Improvements Needed, Missing Features
User SatisfactionSeller Details
Secureframe features and usability ratings that predict user satisfaction
8.9
Oversight
Average: 8.7
9.5
Has the product been a good partner in doing business?
Average: 9.1
9.1
Centralized Data
Average: 8.8
8.7
KPIs
Average: 8.5
Seller Details
Seller
Secureframe
Company Website
Year Founded
2020
HQ Location
San Francisco, US
Twitter
@secureframe
2,227 Twitter followers
LinkedIn® Page
www.linkedin.com
125 employees on LinkedIn®
IBM OpenPages
(76)4.2 out of 5
Entry Level Price:Contact Us
OverviewPros and Cons
Product Description

OpenPages is an AI-powered, easy-to-use, and highly scalable GRC management solution that runs on any cloud and centralizes siloed risk management functions into a single environment. OpenPages lays

Industries: Banking, Information Technology and Services · Market Segment: 39% Mid-Market, 34% Enterprise
Pros and ConsUser Satisfaction
ProsRisk Management, Time-saving, Automation, Ease of Use, Security
ConsComplexity, Expensive, Improvement Needed, Learning Curve, Learning Difficulty
User SatisfactionSeller Details
IBM OpenPages features and usability ratings that predict user satisfaction
9.3
Oversight
Average: 8.7
7.9
Has the product been a good partner in doing business?
Average: 9.1
9.3
Centralized Data
Average: 8.8
9.8
KPIs
Average: 8.5
Seller Details
Seller
IBM
Year Founded
1911
HQ Location
Armonk, NY
Twitter
@IBM
708,652 Twitter followers
LinkedIn® Page
www.linkedin.com
339,241 employees on LinkedIn®
Ownership
SWX:IBM
Creditsafe
(117)4.4 out of 5
Free trial available
5th Easiest To Use in Third Party & Supplier Risk Management software
OverviewPros and Cons
Product Description

Creditsafe is a comprehensive data intelligence solution designed to help organizations manage credit risk, compliance, and data hygiene with confidence. By delivering global coverage breadth across m

Users: Credit Analyst · Industries: Manufacturing, Accounting · Market Segment: 44% Mid-Market, 30% Small-Business
Pros and ConsUser Satisfaction
ProsEase of Use, Setup Ease, Ease of Setup, Data Management, Efficiency
ConsInaccuracy, Inefficient Search, Data Management, Limited Functionality, Poor Navigation
User SatisfactionSeller Details
Creditsafe features and usability ratings that predict user satisfaction
4.2
Oversight
Average: 8.7
8.9
Has the product been a good partner in doing business?
Average: 9.1
4.2
Centralized Data
Average: 8.8
0.0
No information available
Seller Details
Seller
Creditsafe
Company Website
Year Founded
1997
HQ Location
Dublin, Ireland
LinkedIn® Page
www.linkedin.com
1,652 employees on LinkedIn®
SAP Ariba
(747)4.1 out of 5
View top Consulting Services for SAP Ariba
OverviewPros and Cons
Product Description

SAP Ariba automates management of the purchasing lifecycle for indirect goods and services, to streamline workflows, expedite approvals, and eradicate errors and exceptions. By increasing procurement

Users: Manager, Consultant · Industries: Information Technology and Services, Accounting · Market Segment: 55% Enterprise, 29% Mid-Market
User Sentiment

Reviewers appreciate SAP Ariba's ability to centralize and automate procurement processes, improve visibility and control over spend, and enhance supplier collaboration. Reviewers mentioned that SAP Ariba's user interface can be complex and unintuitive, with a steep learning curve for new users and occasional slow performance.

Pros and ConsUser Satisfaction
ProsEase of Use, Efficiency, Procurement Efficiency, Time-saving, Supplier Management
ConsComplexity, Learning Curve, Not User-Friendly, Poor Interface Design, Complex Setup
User SatisfactionSeller Details
SAP Ariba features and usability ratings that predict user satisfaction
7.9
Oversight
Average: 8.7
8.1
Has the product been a good partner in doing business?
Average: 9.1
8.2
Centralized Data
Average: 8.8
7.0
KPIs
Average: 8.5
Seller Details
Seller
SAP
Company Website
Year Founded
1972
HQ Location
Walldorf
Twitter
@SAP
297,192 Twitter followers
LinkedIn® Page
www.linkedin.com
138,451 employees on LinkedIn®
D&B Risk Analytics
(68)4.4 out of 5
OverviewPros and Cons
Product Description

D&B Risk Analytics - Supplier Intelligence provides supply and compliance teams with a revolutionary solution that leverages AI-powered data to achieve a new level of visibility for managing risks

Industries: Information Technology and Services, Manufacturing · Market Segment: 37% Enterprise, 37% Mid-Market
Pros and ConsUser Satisfaction
ProsEase of Use, Helpful, Navigation Ease, Dashboard Usability, Data Management
ConsExpensive, Inefficient Search, Learning Curve, Not Intuitive, Complex Setup
User SatisfactionSeller Details
D&B Risk Analytics features and usability ratings that predict user satisfaction
8.5
Oversight
Average: 8.7
8.9
Has the product been a good partner in doing business?
Average: 9.1
8.2
Centralized Data
Average: 8.8
8.4
KPIs
Average: 8.5
Seller Details
Seller
Dun & Bradstreet
Company Website
HQ Location
Short Hills, NJ
Twitter
@DunBradstreet
22,546 Twitter followers
LinkedIn® Page
www.linkedin.com
5,919 employees on LinkedIn®
Ownership
NYSE: DNB
Bitsight
(72)4.6 out of 5
OverviewPros and Cons
Product Description

Bitsight is the global leader in cyber risk intelligence, helping teams make informed risk decisions with the industry’s most extensive external security data and analytics. With 3,500 customers and 6

Industries: Information Technology and Services, Hospital & Health Care · Market Segment: 74% Enterprise, 22% Mid-Market
Pros and ConsUser Satisfaction
ProsSecurity, Risk Management, Ease of Use, Features, Customer Support
ConsMissing Features, Lack of Clarity, Poor Notifications, Slow Performance, Delay Issues
User SatisfactionSeller Details
Bitsight features and usability ratings that predict user satisfaction
8.7
Oversight
Average: 8.7
9.3
Has the product been a good partner in doing business?
Average: 9.1
7.5
Centralized Data
Average: 8.8
8.7
KPIs
Average: 8.5
Seller Details
Seller
Bitsight
Company Website
Year Founded
2011
HQ Location
Boston, MA
Twitter
@BitSight
4,493 Twitter followers
LinkedIn® Page
www.linkedin.com
740 employees on LinkedIn®
Ncontracts
(183)4.7 out of 5
Entry Level Price:Contact Us
11th Easiest To Use in Third Party & Supplier Risk Management software
OverviewPros and Cons
Product Description

Ncontracts is a leading provider of SaaS-based risk management and compliance solutions for financial services companies. Our GRC solutions help more than 5,000 banks, credit unions, mortgage compa

Industries: Banking, Financial Services · Market Segment: 79% Mid-Market, 11% Small-Business
User Sentiment

Reviewers appreciate the peace of mind Ncontracts provides by ensuring legal compliance, its ability to store contracts and risk ratings in one place, and its unique managed service where a team of experts handles document collection. Users mentioned that the user experience could be improved as there are too many clicks for simple tasks, the user interface feels outdated, and the setup and implementation process can be difficult and time-consuming.

Pros and ConsUser Satisfaction
ProsCustomer Support, Ease of Use, Compliance Management, Useful, Features
ConsData Management Issues, Integration Issues, Import Issues, Inadequate Reporting, Limited Integration
User SatisfactionSeller Details
Ncontracts features and usability ratings that predict user satisfaction
8.9
Oversight
Average: 8.7
9.5
Has the product been a good partner in doing business?
Average: 9.1
9.0
Centralized Data
Average: 8.8
8.3
KPIs
Average: 8.5
Seller Details
Seller
Ncontracts
Company Website
Year Founded
2009
HQ Location
Brentwood, TN
Twitter
@Ncontracts
1,801 Twitter followers
LinkedIn® Page
www.linkedin.com
471 employees on LinkedIn®
Ethixbase360
(29)4.6 out of 5
12th Easiest To Use in Third Party & Supplier Risk Management software
OverviewPros and Cons
Product Description

Ethixbase360 is a comprehensive third-party risk management platform designed to help organizations achieve transparency across their value chains. This solution assists companies in identifying, mana

Market Segment: 62% Enterprise, 34% Mid-Market
Pros and ConsUser Satisfaction
ProsEase of Use, Customer Support, Customization, Easy Integrations, Implementation Ease
ConsComplex Setup, Lack of Clarity, Poor Notifications, Poor Reporting, Slow Loading
User SatisfactionSeller Details
Ethixbase360 features and usability ratings that predict user satisfaction
8.3
Oversight
Average: 8.7
9.5
Has the product been a good partner in doing business?
Average: 9.1
6.6
Centralized Data
Average: 8.8
0.0
No information available
Seller Details
Seller
Ethixbase360
Company Website
Year Founded
2011
HQ Location
London, England, United Kingdom
Twitter
@ethixbase360
1,305 Twitter followers
LinkedIn® Page
www.linkedin.com
217 employees on LinkedIn®
EcoVadis
(76)4.2 out of 5
Entry Level Price:Starting at €279.00
OverviewPros and Cons
Product Description

EcoVadis is a purpose-driven company whose mission is to provide the world's most trusted business sustainability ratings. Businesses of all sizes rely on EcoVadis’ expert intelligence and evidence-ba

Industries: Manufacturing, Chemicals · Market Segment: 29% Enterprise, 28% Mid-Market
Pros and ConsUser Satisfaction
ProsEase of Use, Sustainability, Sustainability Monitoring, Impact, Quality Enhancement
ConsLimited Functionality, Expensive, Time-Consuming, Poor Customer Support, Missing Functionality
User SatisfactionSeller Details
EcoVadis features and usability ratings that predict user satisfaction
7.7
Oversight
Average: 8.7
7.5
Has the product been a good partner in doing business?
Average: 9.1
8.3
Centralized Data
Average: 8.8
0.0
No information available
Seller Details
Seller
EcoVadis
Company Website
Year Founded
2007
HQ Location
Paris, Ile-de-France
Twitter
@ecovadis
5,268 Twitter followers
LinkedIn® Page
www.linkedin.com
1,889 employees on LinkedIn®
ProcessUnity TPRM Platform
(53)4.5 out of 5
Entry Level Price:Contact Us
13th Easiest To Use in Third Party & Supplier Risk Management software
OverviewPros and Cons
Product Description

ProcessUnity is THE Third-Party Risk Management (TPRM) company. Our software platforms and data services protect customers from cybersecurity threats, breaches, and outages that originate from their e

Industries: Banking, Insurance · Market Segment: 55% Enterprise, 30% Mid-Market
Pros and ConsUser Satisfaction
ProsEase of Use, Customization, Customizability, Risk Management, Security Management
ConsLimitations, Slow Loading, Limited Features, Slow Performance, Steep Learning Curve
User SatisfactionSeller Details
ProcessUnity TPRM Platform features and usability ratings that predict user satisfaction
9.5
Oversight
Average: 8.7
9.4
Has the product been a good partner in doing business?
Average: 9.1
10.0
Centralized Data
Average: 8.8
9.3
KPIs
Average: 8.5
Seller Details
Seller
ProcessUnity
Company Website
Year Founded
2003
HQ Location
Concord, US
Twitter
@ProcessUnity
748 Twitter followers
LinkedIn® Page
www.linkedin.com
232 employees on LinkedIn®
osapiens
(90)4.6 out of 5
Entry Level Price:Contact Us
OverviewPros and Cons
Product Description

osapiens develops cloud-based software solutions that empower companies to drive sustainable growth across their entire value chain. With powerful data integration and real-time analytics, osapiens su

Industries: Hospital & Health Care, Food & Beverages · Market Segment: 63% Enterprise, 23% Mid-Market
Pros and ConsUser Satisfaction
ProsEase of Use, Customer Support, Features, Implementation Ease, Helpful
ConsLimited Functionality, Learning Curve, Missing Features, Missing Functionality, Complexity
User SatisfactionSeller Details
osapiens features and usability ratings that predict user satisfaction
8.5
Oversight
Average: 8.7
9.1
Has the product been a good partner in doing business?
Average: 9.1
8.3
Centralized Data
Average: 8.8
7.6
KPIs
Average: 8.5
Seller Details
Seller
osapiens
Company Website
Year Founded
2018
HQ Location
Mannheim, Germany
Twitter
@osapiens_
76 Twitter followers
LinkedIn® Page
www.linkedin.com
571 employees on LinkedIn®
Optro
(1,595)4.6 out of 5
14th Easiest To Use in Third Party & Supplier Risk Management software
View top Consulting Services for Optro
OverviewPros and Cons
Product Description

Optro (Formerly AuditBoard) is a GRC software solution that helps enterprises manage audit, risk, and compliance workflows through an agentic system of action. By using GRC-trained AI, centralizing di

Users: Internal Audit Manager, Senior Internal Auditor · Industries: Financial Services, Accounting · Market Segment: 59% Enterprise, 20% Mid-Market
Pros and ConsUser Satisfaction
ProsEase of Use, Audit Management, Intuitive, Features, Audit Efficiency
ConsLimited Functionality, Improvement Needed, Limitations, Limited Features, Limited Customization
User SatisfactionSeller Details
Optro features and usability ratings that predict user satisfaction
8.5
Oversight
Average: 8.7
9.0
Has the product been a good partner in doing business?
Average: 9.1
8.7
Centralized Data
Average: 8.8
8.4
KPIs
Average: 8.5
Seller Details
Seller
Optro
Company Website
Year Founded
2014
HQ Location
Cerritos, California
Twitter
@optrohq
2,985 Twitter followers
LinkedIn® Page
www.linkedin.com
991 employees on LinkedIn®
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