Vendor risk management software (VRM) is a tool that organizations use to identify, measure, and mitigate risks associated with vendor relationships. With VRM software, organizations can assess vendor risk across a wide range of factors, from financial stability and compliance to data security and operational performance.
Discover the top 13 best Vendor Risk Management Software (VRM) Tools
PROCESSUNITY
ProcessUnity vendor risk management software speeds vendor onboarding and reduces post-contract vendor due diligence.
- Vendor Criticality
- Vendor Assessment Status
- Assessment Findings
- Issues
- Document Requests
- Action Items
- Contract Review Status
- Risk by Geographic Location
- Compliance Ratings
NAVEX
Support your ethics and compliance, integrated risk, and ESG programs in a single GRC platform. NAVEX is trusted by 13,000+ organizations worldwide.
- Design a stronger, more ethical Workplace Culture
- Maintain a More Resilient Business
- Build ESG Principles Into the Way You Do Business
CYBERVADIS
CyberVadis is the first scalable solution to cover your whole supply chain with a third-party cybersecurity risk assessment process.
- Manage your vendor portfolio
- CyberVadis engages your vendors
- CyberVadis assesses your vendors
- Focus on vendor risk monitoring
METRICSTREAM
MetricStream IT Vendor Risk Management software enables organizations to effectively manage and mitigate risks from IT vendors.
- Structured Information Management
- Simplified Onboarding and Due Diligence
- Integration of Trusted Content Providers
- Continuous Monitoring and Risk Assessment
- Periodic Due Diligence
- Improved Performance Management with Vendor KPI Scores
- Streamlined Business Continuity Risk Assessment
- Systematic Audit Assessment
- AI-Powered Intelligent Issue Management
- Intuitive Dashboards and Reports
RESOLVER
Resolver’s Vendor Risk Management Software automates & standardizes the assessment of hundreds of vendors in one consolidated platform.
- Vendor identification and requests
- Repository
- Engagements
- Questionnaires
- Vendor portal
- Risk assessment
- Reporting
UPGUARD
UpGuard is the best platform for securing your organization’s sensitive data. Our security ratings engine monitors millions of companies and billions of data points every day.
- Spend less time assessing your vendors
- Real-time updates on your vendors’ security posture
- Streamlined vendor lifecycle management all in one place
- Security and compliance at the core
ONCENTRL
CENTRL is a leading risk and compliance technology company that provides an enterprise-grade risk, cyber security and privacy management platform, along with solutions for Modern Slavery Act Compliance, Bank Network Management and Operational Due Diligence. The company’s platform and solutions are used by leading financial, technology, media and audit firms, and companies across industries.
- Benefit from Single, Centralized Vendor Directory
- Manage New Vendor Selection & Onboarding
- Automate Ongoing Risk Assessment, Audits, and Monitoring
- Provide Third Parties With a Robust Application to Respond
- Streamline Evaluation of Third-Party Responses
- Manage Issues and Track to Remediation
- Gain Insights and Monitor Third-Party & Vendor Risk Trends with Analytics
DILIGENT
Diligent’s Third-Party Risk Management Software helps you manage and remediate third-party and vendor risk in one unified program.
- Streamline Vendor Onboarding & Classification
- Centralize Third-Party Vendor Management
- Make Informed, Data Driven Decisions
ONETRUST
Automate workflows to streamline the third-party, vendor, or supplier lifecycle, from onboarding to risk mitigation and offboarding.
- Streamline Onboarding and Centralize Your Vendor Inventory
- Automate Your Vendor Risk Assessments with Dynamic Questionnaires
- Reduce Third-Party Risks
- Monitor Vendor Risk and Performance Over Time
- Track Key Metrics and Maintain Records for Compliance
VENMINDER
Assess and rate inherent and residual risk on all your vendors with Venminder’s vendor risk assessment software.
- Create consistency and ease through the course of the entire risk assessment
- Align the platform to your organization’s risk assessment process
- Improve risk assessment quality and visibility
QUANTIVATE
Quantivate Vendor Management Software’s robust reporting capabilities give clear visibility into high-risk vendor relationships.
- Centralized Vendor and Data Management
- Manage Vendor and Third-Party Risk
- Vendor Management Compliance Guarantee
- Vendor Management Reporting Made Easy
6CLICKS
6clicks is GRC software for businesses, advisors and MSPs for risk management, compliance with integrated content and unique Hub & Spoke architecture.
- Design your vendor risk policy and assessment template, or use ours
- Ingest and manage your vendors
- Automate vendor risk assessments
- Identify, manage and treat risks
360FACTORS
360factors provides standalone compliance management, regulatory change management, risk management, audit management and policy & procedure management solutions.
- Complete GRC
- Basic to Enterprise
- Speed & Execution
- Fast Implementation
- Flexible and Modular
- Easy to Use