Third Party Security Risk Management Software

Third Party Security Risk Management

What is Third Party Security Risk Management Software?

Third Party Security Risk Management software, or Vendor Risk Management software, provides organizations the ability to assess and manage the additional risk that is inherited when working with third party vendors. This software will help you rank and quantify the level of risk during the procurement process, as well as provide ongoing monitoring and management of existing third party relationships and contracts. Companies will want to leverage this software during all phases of the vendor relationship from onboarding to offboarding to ensure regulatory and internal compliance is always being upheld.

Common Features

  • Vendor Risk Assessments
  • Risk Scoring
  • Risk Monitoring
  • Reporting and Dashboards
  • Self Service Portal
  • Compliance Monitoring
  • Integration with GRC and SIEM
  • Hierarchy Management
  • Contract Management
  • Vendor Onboarding
  • Collaboration
  • Alerts/Notifications
  • Process Library
  • Questionnaires
  • Automated Third Party Detection
  • Risk Scoring & Remediation Act
  • Dark Web Assessments

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Top Third Party Security Risk Management Software 2026

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Prevalent Third-Party Risk Management software and services enable you to eliminate the security and compliance exposures that come from working with vendors, suppliers and other third parties. You also benefit from a flexible, hybrid approach to TPRM, where you not only gain solutions tailored to your needs, but also realize a rapid return on investment.

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MetricStream ConnectedGRC empowers organizations to pursue an integrated approach to GRC and ensure collaboration between risk, compliance, audit, cybersecurity, and sustainability teams. This highly collaborative approach enables businesses to better identify, assess, manage, and mitigate strategic risks, operational and enterprise risks, IT and cyber risks, third-party risks, compliance risks, and environmental, social, and governance (ESG) risks.

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Vanta helps you establish the practices required to mitigate risks to user data and privacy and maintain trust in your brand while improving your security program at every stage of growth.

Secureframe

Secureframe

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Secureframe is a comprehensive automated security, privacy and compliance platform, an all-in-one compliance automation platform, helping organizations get and stay compliant to the most rigorous security and privacy standards

CyberGRX Inc

CyberGRX

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CyberGRX provides enterprises and their third parties with the most cost-effective and scalable approach to third-party cyber risk management today. Quickly identify and prioritize your most critical cyber risks. Get a well-rounded view of your third-party relationships and where your biggest vulnerabilities exist.

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ServiceNow Vendor Risk Management transforms the way you manage vendor risk and build supplier resilience by contextualizing and connecting third-party risk to business success. It delivers reporting on vendor risk and issues, a consistent assessment and remediation process, and increased efficiency through automation, while driving transparency and accountability with third-party stakeholders and aligning with overall enterprise risk management to create an integrated view of risk.

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OneTrust Third-Party Risk Management streamlines every stage of your third-party lifecycle by automating workflows for vendor onboarding, assessment, risk mitigation, reporting, monitoring, and onboarding.

Whistic, Inc.

Whistic

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Whistic allows organizations to assess, publish, and share your vendor security information. Automate vendor assessments, share security documentation, and create trusted connections using Whistic Vendor Security Network.

Allgress

Allgress

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Allgress enables enterprise risk, security, and compliance professionals the ability to efficiently manage their risk posture. By utilizing advanced visualization, automation, streamlined workflows, and the integration of existing data feeds, Allgress reduces the complexity and cost of risk management.

SAI360

SAI360

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Compliance 360® is a comprehensive software solution that streamlines governance, risk, compliance and internal audit process for organizations of all sizes and geographic diversity. Compliance 360 is designed to make compliance, risk and audit management easier, less costly, and much more manageable – even for organizations in highly regulated industries.