Third-Party & Vendor Risk Management

Platforms and tools that assess, monitor, and manage security and compliance risks associated with third parties, vendors, and partners, including continuous external risk scoring, questionnaire automation, evidence collection, and integration with procurement and GRC workflows.

December 6, 2025

Executive Summary

This report provides a comprehensive analysis of the Third-Party & Vendor Risk Management market, evaluating 12 tools from 12 vendors across 18key evaluation criteria. The analysis enables data-driven vendor selection and market positioning insights.

Use the tabs below to explore different analytical views including the market matrix, comparative analysis, trends, and market positioning.

Vendors Evaluated
12
Tools Analyzed
12
Evaluation Criteria
18
Market Coverage
12%

Market Heatmap

Visual representation of vendor capabilities across all evaluation criteria. Darker shades indicate stronger capabilities.

Third-Party & Vendor Risk Management - Market Comparison

Detailed Market Matrix

Comprehensive data grid comparing all vendors side-by-side. Use filters and sorting to identify vendors that best match your requirements.

Market Matrix

12 tools/vendors
18 attributes
Total in Database:
98 tools / 98 vendors
12 tools
Category Visibility
Tool(12)
Assessment & QuestionnairesCompliance & RegulatoryCore CapabilitiesEcosystem & Data NetworkEvidence & ValidationIntegrations & WorkflowMonitoring & AlertsReporting & AnalyticsRisk Modeling & Scoring
Questionnaire Workflow Automation
questionnaire_workflow_automation
Standard Questionnaire Library Support
standard_questionnaire_library_support
Privacy and Data Processing Support
privacy_and_data_processing_support
Regulatory and Framework Coverage
regulatory_and_framework_coverage
Continuous External Risk Scoring
continuous_external_risk_scoring
External Risk Scoring Maturity
external_risk_scoring_maturity
Vendor Network Breadth
vendor_network_breadth
Vendor Security Profile Sharing
vendor_security_profile_sharing
Automated Evidence Collection
automated_evidence_collection
Evidence Coverage Depth
evidence_coverage_depth
GRC Platform Integration
grc_platform_integration
Issue and Remediation Workflows
issue_and_remediation_workflows
Procurement System Integration
procurement_system_integration
Alerting and Prioritization Quality
alerting_and_prioritization_quality
Continuous Vendor Monitoring
continuous_vendor_monitoring
Reporting and Analytics Quality
reporting_and_analytics_quality
Inherent/Residual Risk Modeling Maturity
inherent_residual_risk_modeling_maturity
Vendor Tiering Capability
vendor_tiering_capability
Aravo Third-Party Risk Management
Aravo Solutions
7
7
5
6
7
8
8
8
7
7
8
Archer Third Party Governance
Archer
8
8
5
7
8
9
9
8
8
8
9
Bitsight Security Ratings Platform
Bitsight
5
7
9
9
6
8
7
7
8
8
7
Coupa Risk Aware
Coupa Software
7
6
6
8
6
7
7
9
7
7
6
OneTrust Privacy & Data Governance Cloud
OneTrust
9
9
5
8
8
9
8
8
8
8
8
Panorays Third-Party Security Risk Management
Panorays
8
7
7
6
7
7
7
6
7
7
7
Prevalent Third-Party Risk Management Platform
Prevalent
8
8
7
7
7
7
7
7
7
7
7
ProcessUnity Vendor Risk Management
ProcessUnity
9
8
8
7
8
8
8
8
8
8
8
RiskRecon
Mastercard (RiskRecon)
5
6
8
7
6
7
6
6
7
7
6
SecurityScorecard Ratings Platform
SecurityScorecard
6
7
9
9
6
8
7
7
8
8
7
UpGuard Vendor Risk
UpGuard
8
7
7
7
7
7
7
6
7
7
7
Whistic Vendor Security Network
Whistic
8
6
5
7
7
6
6
6
6
6
6
Scroll horizontally to see all attributes