Third-Party Risk Management Software

Riskonnect’s Third-Party Risk Management software consolidates all vendor and supplier information to minimize your exposure and maximize your benefits throughout the entire relationship.

Choose vendors with confidence. Know the facts about a vendor’s security status, financial strength, and level of risk before onboarding them to your company.

Build third-party relationships based on trust. Engage your partners in frank, productive conversations around your standards and expectations.

Keep important documentation ready-to-go. Rest assured that documentation and data are always updated and available when you need it.

Third-Party Risk Management Software

Third-Party Risk Management Software

Product Highlights

  • Assessments
    Automatically reassess vendors according to your own schedule – and get alerts if anything is out of compliance.
  • Certificate Management
    Track agreements, contracts, policies, and access credentials to reduce exposure from third parties.
  • Dashboards
    Communicate vendor status quickly and effectively.
  • Onboarding
    Accelerate the onboarding process with a dedicated portal and customized questionnaires.
  • Risk Analytics
    and Insights
    Easily customize your reporting and dashboards to tell your story and inform decisions.
  • Risk Rating
    Calculate a risk score and overall classification for each third party to identify your riskiest vendors.

TPRM Demo Video

Because of Riskonnect, we were able to move forward with a new piece of business. We were able to expand operations team revenue growth – and increase vendor compliance. Onboarding is a very seamless process for our team and for our vendors.”

Workers’ Compensation Manager, Stanley Steemer

Free Up Time for

More Important Things

How can you understand your level of vendor risk if you spend all day sending and coding assessments? Riskonnect’s Third-Party Risk Management software is designed to take manual tasks off your plate, so you can focus your time on more important things like building relationships.

  • Automate workflows to save time and improve reliability.
  • Quickly onboard new vendors.
  • Turn around supplier assessments much faster, at a lower cost.
  • Easily communicate vendor risk profiles with clear, real-time reporting.
  • Better prepare for third-party churn and offboarding.

Increase
Visibility to Risk

How can you build a clear picture of third-party risk when assessments and documentation are inconsistent or missing? Riskonnect’s Third-Party Risk Management software gives you the ability to track relationships from beginning to end, giving you instant insights to understand the full story.

  • Get agreements, contracts, policies, and credentials all in one place.
  • Calculate risk scores for each supplier and automatically set reassessments.
  • Be audit-ready with easy-to-access third-party documentation.
  • Elevate your assessments with insight into your suppliers’ risk.

Build Trusting

Relationships

How well do you know and trust your vendors? Riskonnect’s Third-Party Risk Management software helps you establish strong, two-way communication with your vendors to build successful relationships based on mutual respect and a shared purpose.

  • Make fact-finding easy with consistent, coordinated supplier assessments.
  • Chat with suppliers in-app to get answers and check status.
  • Gain the appreciation of suppliers with our easy-to-use portal for submitting documentation.

Tell Your Story
with Confidence

How can you build a clear picture of third-party risk when assessments and documentation are inconsistent or missing? Riskonnect’s Third-Party Risk Management software gives you the ability to track relationships from beginning to end, giving you instant insights to understand the full story.

  • Get agreements, contracts, policies, and credentials all in one place.
  • Calculate risk scores for each supplier and automatically set reassessments.
  • Be audit-ready with easy-to-access third-party documentation.
  • Elevate your assessments with insight into your suppliers’ risk.

Get Started with These Helpful Resources

EBOOK
Preparing for a Change
in TPRM Technology
This OCEG playbook, sponsored by Riskonnect, will help you understand what currently works with the way third-party risks are managed and what doesn’t to set yourself up for a successful change in third-party risk management software.
Risk management software buying guide
EBOOK
The Complete Guide to Buying
Risk Management Software
This guide demystifies the buying process with step-by-step navigation through the entire journey.
RFP TEMPLATE
Starting an RFP process for third-party risk management software?
Download Riskonnect’s list of the most critical TPRM-related questions and customize it to suit your needs.

Expand Your Third-Party Risk Management Program

with Other Riskonnect Solution

Enterprise
Risk Management
Combine insurable and noninsurable risks so you can anticipate, assess, mitigate, and monitor every threat from every corner of the organization.
Compliance
Aggregate all corporate and legal policies, procedures, and requirements from across the organization into one centralized location.
IT Risk Management
Identify your top IT, cyber, operational resilience, and other technology risks to minimize the financial impact.

Start anywhere. Expand everywhere.

Industry Recognition for Riskonnect

Redhand Advisors Forrester Wheelhouse Advisor

Start partnering with Riskonnect today.
Find out how Riskonnect can transform the way you view risk.

Quick Answers to Your Third-Party Risk Management Questions

Third-party risk management software is a tool to protect your organization from third-party missteps. It streamlines and automates tracking and monitoring of third parties so you can quickly identify high-risk suppliers, collaborate on assessments, and focus your time on more strategic activities.

Riskonnect’s Third-Party Risk Management software offers a variety of specialized features and functions – like assessments, certificate management, and onboarding – to minimize your exposure to third-party risk so you can maximize the advantages.

Vendors and other third parties are critical to the success of many organizations – but they also pose considerable risk. Any risk – IT security, financial, supply chain – becomes your own. And the more vendors you have, the harder it is to keep tabs on it all. One sign that it’s time to consider third-party risk management software is if you work with a large number of suppliers. Another indicator that you need TPRM software is if you are struggling to collect relevant data or find important documentation about your suppliers. And if leaders are regularly asking for reports and insights that are difficult or impossible to produce, third-party risk management software may be exactly what you need.

Look for third-party risk management software that is easy to use, accessible, reliable, and secure. You should be able to easily make changes, create customized vendor questionnaires, build reports, and seamlessly communicate with suppliers without ever leaving the platform.

Riskonnect is designed to seamlessly connect risk data of all types across your organization. We also offer APIs (application programming interface) to easily import and export data and out-of-the-box integrations with specialized partners to help you get the most from your data as efficiently as possible.

Pricing depends on the size and complexity of the project and how much customization you require. We offer three industry-leading implementation options at different price points to fit your budget, while achieving your business objectives as quickly as possible.