Panorays Customer Reviews 2024

Panorays

7.9 /10

What is Panorays?

Panorays automates third party security management. The platform enables companies to easily view, manage and engage on the security posture of their third-parties, vendors, suppliers, and business partners. With the Panorays platform, companies dramatically shorten their third-party security evaluation process and gain continuous visibility while ensuring compliance to regulations such as GDPR and NY DFS. Panorays is a SaaS-based platform, no installation needed.

Company Details

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Panorays Ratings

Real user data aggregated to summarize the product performance and customer experience.

90 Likeliness to Recommend

100 Plan to Renew

84 Satisfaction of Cost Relative to Value

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Emotional Footprint Overview

+91 Net Emotional Footprint

The emotional sentiment held by end users of the software based on their experience with the vendor. Responses are captured on an eight-point scale.

How much do users love Panorays?

0% Negative

0% Neutral

100% Positive

Pros

Helps Innovate
Trustworthy
Caring
Saves Time

Feature Ratings

Average 91

Contract Management

100

Risk Monitoring

GRC Integration

Vendor Onboarding

Vendor Risk Assessments

Reporting and Dashboards

Hierarchy Management

Process Library

Compliance Monitoring

Self Service Portal

Alerts/Notifications

Vendor Capability Ratings

Average 86

Ease of Implementation

Quality of Features

Usability and Intuitiveness

Vendor Support

Breadth of Features

Business Value Created

Ease of IT Administration

Availability and Quality of Training

Product Strategy and Rate of Improvement

Ease of Customization

Ease of Data Integration

Panorays Reviews

Role: Information Technology
Industry: Technology
Involvement: End User of Application

Validated Review

Anonymous Reviewer

Submitted Jun 2023

Great product! I recommend the TPRM to all orgs

Likeliness to Recommend

8 /10

Pros

Friendly Negotiation
Helps Innovate
Caring
Saves Time

Eamon O.

Role: Vendor Management
Industry: Banking
Involvement: Vendor Management and Renewal

Validated Review

Verified Reviewer

Submitted May 2023

great improvement on manual coordination

Likeliness to Recommend

8 /10

What differentiates Panorays from other similar products?

I have not used any similar products

What is your favorite aspect of this product?

Reporting, excel exports

What do you dislike most about this product?

Could be more customised options

What recommendations would you give to someone considering this product?

Have a good understanding of what you need in terms of reporting capability

Pros

Reliable
Performance Enhancing
Enables Productivity
Trustworthy

Sanja C.

Role: Vendor Management
Industry: Banking
Involvement: Business Leader or Manager

Validated Review

Verified Reviewer

Submitted May 2023

Great Product, easy to customize & user friendly

Likeliness to Recommend

10 /10

What differentiates Panorays from other similar products?

Easy to implement, customize and use. Main differentiator is ability to for vendors and internal users to upload documents and create customizable dashboards and alerts. Panorays, to us, is a single source of true for all Vendor Management information (materiality assessments, vendor due diligence, concentration risk, etc.) ,

What is your favorite aspect of this product?

Ability to customize to fit our needs

What do you dislike most about this product?

Risk Profiles are very sensitive: any volatility that a vendor has (even if it is not directly related to vendor risk) will impact vendor's overall risk profile

What recommendations would you give to someone considering this product?

We have reviewed several different options, and found that Panorays gives us everything we need at a reasonable cost. It truly is a lot more than just a Cyber Security/Info Security tool

Pros

Helps Innovate
Continually Improving Product
Trustworthy
Efficient Service

Panorays

What is Panorays?

Company Details

Need Assistance?

Panorays Ratings

90 Likeliness to Recommend

100 Plan to Renew

84 Satisfaction of Cost Relative to Value

Emotional Footprint Overview

+91 Net Emotional Footprint

How much do users love Panorays?

Pros

Feature Ratings Average rating of all product features, some of which may not be shown below

Contract Management Includes contract creation, approval process, compliance management, and contract database.

Risk Monitoring Actively monitors and alerts to increased risk, vulnerability, compromise, etc. of current vendors

GRC Integration Seamlessly share data between the tool and a Governace, Risk, and Compliance (GRC) product.

Vendor Onboarding Provides workflows to onboard new vendors by ensuring compliance with both internal and regulatory policies.

Vendor Risk Assessments Ability to automate the creation of vendor questionnaires. Solution can also automatically send and receive these questionnaires.

Reporting and Dashboards Customizable and standard reporting aligned with operational, compliance, and audit requirements. Dashboard information that is role based and customizable.

Hierarchy Management Ability to determine and visualize relationships between companies, ownership structure, etc.

Process Library A repository of documented processes which can be accessed for revision.

Compliance Monitoring Ensure vendors/contracts are in compliance with all relevant laws, GDPR, etc.

Self Service Portal Allow vendors/suppliers to upload documentation to be assessed for risk tolerance.

Alerts/Notifications Automated notifications about changes, risks, etc.

Vendor Capability Ratings Average rating of all vendor capabilities, some of which may not be shown below

Ease of Implementation Successfully implementing new software is necessary to realize its full value and promote end user adoption. This data indicates whether or not the product is easy to implement.

Quality of Features Feature quality is just as important as quantity. Use this data to determine if this product will do what you're purchasing it to do, easily, intuitively, reliably, and effectively.

Usability and Intuitiveness End user learning curves cost the organization money. Pay attention to your end users' technical ability to determine how important UX is in your purchase.

Vendor Support The importance of vendor support will vary for each organization depending on internal capabilities, but there will always be issues that only the vendor can resolve.

Breadth of Features Users prefer feature rich software that enables them to perform diverse series of tasks. This data expresses user satisfaction with the product's breadth of features.

Business Value Created Software needs to create value for employees, customers, partners, and, ultimately, shareholders. This data expresses user satisfaction - or lack thereof - with the product's business value.

Ease of IT Administration This data indicates whether IT personnel will be able to resolve issues and perform configurations efficiently and effectively.

Availability and Quality of Training Effective and readily available training enables users to get the most out of the software you've chosen. Use this section to make sure your vendor's training programs and materials measure up.

Product Strategy and Rate of Improvement Vendors who don't stay on top of emerging needs and trends won't enable you to meet your business goals. Use this data to separate innovators from imposters.

Ease of Customization Don't get bogged down in a difficult customization; use this data to make sure you can easily achieve the functionality you need for your particular situation.

Ease of Data Integration Use this data to determine whether the product will cause headaches or make data integration easy.

Panorays Reviews

Great product! I recommend the TPRM to all orgs

Likeliness to Recommend

Pros

Eamon O.

great improvement on manual coordination

Likeliness to Recommend

Pros

Sanja C.

Great Product, easy to customize & user friendly

Likeliness to Recommend

Pros

Feature Ratings

Contract Management

Risk Monitoring

GRC Integration

Vendor Onboarding

Vendor Risk Assessments

Reporting and Dashboards

Hierarchy Management

Process Library

Compliance Monitoring

Self Service Portal

Alerts/Notifications

Vendor Capability Ratings

Ease of Implementation

Quality of Features

Usability and Intuitiveness

Vendor Support

Breadth of Features

Business Value Created

Ease of IT Administration

Availability and Quality of Training

Product Strategy and Rate of Improvement

Ease of Customization

Ease of Data Integration