As organizations increasingly rely on external partners to drive growth, vendor-related security risks are becoming a major threat to operational stability and compliance. However, as the number of vendors increases, companies have to continuously monitor their vendors’ compliance, add new controls and perform risk-based diligence periodically. And organizations may always have the bandwidth or resources to do a thorough check.
To address these challenges, organizations are adopting automated third-party risk management (TPRM) solutions. According to PWC’s Global Compliance Survey 2025, 61% of respondents are already using automation or a TPRM solution to access third-party/vendor risks. TPRM solutions also help you streamline vendor risk evaluation, discovery, and monitoring, which is especially critical for busy teams with limited time and resources.
This article will explore the top TPRM solutions designed to help you monitor vendors effectively and strengthen your security posture in an increasingly complex threat environment.
Key features of effective third-party risk management software
Many vendor management solutions exist in the market. Some are standalone tools. Others come as modules in compliance platforms like Scrut. Regardless of what you choose, any TPRM solution needs these capabilities to help you effectively manage vendor risks.
1. Automated vendor risk assessments
Managing a growing portfolio of vendors manually is time-consuming and error-prone. TPRM tools automate this process by helping you find vendors and pull their data through integrations. Tools like Scrut, enable you to send security assessment questionnaires to vendors and expedite response collection using AI.
The tool also automatically applies risk scores. Advanced TPRM software automates vendor discovery by collecting vendor data through trusted integrations, issuing self-assessment questionnaires (supported by AI, in some cases), and automatically applying pre-built risk scores. This helps companies to quickly and accurately identify risks, streamlining assessment and onboarding.
2. AI-based vendor management
Many companies are integrating AI into their vendor risk management modules. These AI systems are powered by proprietary knowledge graphs that help the AI understand audit frameworks, control mappings, and internal risk posture, and prioritise tests.
Using this, AI systems can evaluate vendors’ inherent risk by analyzing their public CAIQ responses, understanding how you use their services, and factoring in your organization’s specific risk tolerance, and deliver contextual, accurate risk assessments from the outset rather than generic, one-size-fits-all evaluations.
AI agents expedite core TPRM processes such as vendor discovery and assessment by dramatically reducing the time taken to prepare security questionnaires. And rather than generic, lengthy assessments, AI generates targeted questionnaires based on vendor risk profiles and your specific use cases.
AI agents can also analyze responses against your security posture and compliance requirements. They can also quickly flag risks and recommend remediations that align with your priorities and audit framework requirements.
3. Pre-built security questionnaires for due diligence
Without pre-built questionnaires, teams must create assessments from scratch, manually managing the process of designing, distributing, and evaluating responses—an inefficient and time-consuming task.
Effective TPRM software includes a library of standardized, pre-built security and compliance questionnaires (e.g., based on SOC 2, ISO 27001, GDPR, etc.) that can be quickly deployed to vendors. These templates can be used as-is or customized to fit specific vendor risk profiles, ensuring flexibility without sacrificing efficiency. These templates ensure that every vendor is evaluated against a consistent baseline and help non-security stakeholders (like procurement or legal teams) run assessments without needing deep technical knowledge.
4. Continuous risk monitoring and real-time alerts
Vendor security isn’t a one-time fix. As risks evolve, one-time assessments quickly become outdated. For example, a missed patch update or security lapse can introduce vulnerabilities into your supply chain, but these risks often go unnoticed without continuous monitoring.
Automated TPRM solutions integrate with existing security platforms to pull real-time risk data and trigger instant alerts. This eliminates the need for manual reassessments, enabling security teams to respond proactively to emerging threats and maintain robust vendor oversight.
5. Compliance framework mapping (SOC 2, ISO 27001, HIPAA, etc.)
Aligning vendor practices with industry standards is a complex task that demands clear visibility across various regulatory frameworks. Take ISO 27001, for example: if a vendor fails to meet key controls (like access management or incident response) and that misalignment isn’t flagged early, you’re left exposed until the next audit.
TPRM tools solve this by mapping vendor responses to controls that are tied directly to compliance frameworks, using unified control libraries. So, if a vendor assessment is tied to multiple controls or frameworks, TPRM makes it incredibly easy to map it and reduce the redundancy.
6. Customizable risk scoring and analytics
Not all vendors pose the same level of risk, making a uniform approach to risk management inefficient. Without customizable risk scoring, organizations may misallocate mitigation efforts resources by treating low-risk and high-risk vendors alike. For instance, critical vulnerabilities in high-risk vendors, such as an unpatched database or a misconfigured S3 bucket, could go unaddressed without proper differentiation.
Modern TPRM tools offer customizable risk scoring engines that let you weigh factors like data sensitivity, vendor criticality, geography, and service type. Risk scores update dynamically based on new inputs, like failed reassessments. Paired with analytics dashboards, this allows teams to filter vendors by risk tier, track risk trends over time, and focus remediation on the most critical issues first.
7. Seamless integrations with GRC and security tools
Vendor risk data is only valuable if it flows into the systems where decisions are made. Without tight integration, TPRM insights sit in silos—causing delays in flagging threats or escalating issues. Leading TPRM platforms integrate with GRC tools, SIEMs, SOAR platforms, ticketing systems (like Jira), and vulnerability scanners to close this gap.
For instance, if a high-risk vendor is flagged in your TPRM tool, it reflects on the resulting control on your GRC system, and once it’s remediated, the compliance status is updated automatically.
This interconnected setup ensures vendor risks are treated as part of your broader security and compliance program—not an isolated workflow—so teams can act faster, stay aligned, and reduce operational friction.
Top third-party risk management solutions: A quick overview
| TPRM Vendors | Key features | Pricing |
| Scrut | -Automated vendor discovery through Identity provider platforms -Custom risk scoring and custom formulas -Pre-built and customizable questionnaire templates vetted by auditors -AI-autofilled security questionnaires -Multi-level approval workflows -Dedicated vendor portal for responses and mitigation -Inherent and residual risk scoring for each vendor -Visually-rich and centralized dashboards for risk visibility -Continuous monitoring of vendor risks -Downloadable vendor risk reports | Custom pricing |
| LogicGate | – Highly configurable workflows for vendor risk lifecycle management – Custom risk scoring tailored to organizational vendor profiles – Visual reports and dashboards focused on vendor risk exposure | Contact for pricing |
| Hyperproof | – Highly configurable workflows for vendor risk lifecycle management – Custom risk scoring tailored to organizational vendor profiles – Centralized task assignments for vendor – related compliance activities | Available upon request (varies by plan: Professional, Business, Enterprise) |
| ProcessUnity | – Extensive vendor due diligence and risk assessment workflows – Robust support for managing complex global vendor ecosystems – Vendor risk scoring and tiering | Contact for pricing |
| SecurityScorecard | – Provides continuous, external cybersecurity ratings for vendors and internal systems. – Actionable insights to prioritize vendor cybersecurity weaknesses – Alerts for changes in vendor risk levels | Free trial available; inquiries for precise pricing |
Top 5 third-party risk management platforms : A detailed review
Choosing the right TPRM platform depends on your business’s size, risk exposure, and compliance needs. Whether you’re a fast-scaling startup or a mature enterprise, today’s leading tools offer purpose-built features like automated assessments, real-time monitoring, compliance mapping, and native integrations. Below, we explore the five leading TPRM software solutions for 2025.
1. Scrut Automation
Scrut’s Third-Party Risk Management (TPRM) module helps organizations automate vendor onboarding, streamline assessments, manage security questionnaires, and maintain continuous third-party risk visibility—all from a centralized platform. Designed for growing teams and enterprise compliance programs alike, Scrut reduces manual overhead and enables real-time, audit-ready vendor oversight.
Key features
- AI-powered vendor risk management: Powered by a proprietary knowledge graph and agents that are trained on infosec risks, Scrut Teammates reduces the bulk work in assessing and managing vendor risk. It evaluates a vendor’s inherent risk through public CAIQ responses against your risk tolerance, generates custom-fit questionnaires and analyzes responses against your posture and best practices. If risks arise, it flags them, calculates scores, and recommends precise, actionable remediations.
- Streamline vendor discovery and onboarding: Scrut automatically imports applications from your workspace (like Google Workspace), allows CSV uploads, and supports employee-submitted vendor requests. You get a centralized hub for all contracts, documents, and vendor data.
- Automate vendor assessments: Leverage pre-built templates or build your own using Scrut’s questionnaire builder. Scrut automatically scores vendor responses using pre-configured rules and weighted logic, calculating both inherent and residual risk scores.
- Centralized Risk Visibility: Scrut enables you to view, track, and analyze vendor risks from a single dashboard. Visualize risks by category, score, status, and timeline; map them to internal controls, and monitor open tasks across assessments.
- Seamless integrations with security and compliance tools: Scrut’s platform integrates effortlessly with GRC, SIEM, and other cybersecurity systems, centralizing risk data to enhance visibility and coordinate response efforts.
- Vendor lifecycle management: Automate periodic reassessments, enable multi-level approval workflows, and set reminders for task owners. Vendors receive their own portal for status tracking and questionnaire submissions, improving collaboration and reducing back-and-forth.
Pricing: Scrut gives you access to all features and frameworks available on the platform at an inclusive price. Schedule a demo to know more about pricing plans.
2. LogicGate
LogicGate’s Risk Cloud® is a highly adaptable, no-code governance, risk, and compliance (GRC) platform tailored to streamline and automate vendor risk management processes. It empowers organizations to design and execute customized workflows that align with their specific vendor risk policies and regulatory requirements, all without heavy IT dependency.
Key features
- Customizable vendor risk workflows: LogicGate enables organizations to build and automate end-to-end vendor risk processes, including onboarding, assessments, approvals, and remediation, tailored to their unique needs.
- Centralized vendor risk data: The platform consolidates all vendor information, risk assessments, and documentation in one place, providing a unified view of third-party risks and control statuses.
- Flexible risk scoring models: Organizations can define risk models based on factors such as vendor criticality, data sensitivity, geography, and more, ensuring that mitigation efforts are focused on the most impactful vendor risks.
Pros
LogicGate is highly customizable to meet specific organizational needs. Users can create visual reports and automate various processes effectively.
Cons
Some users find the user interface initially complex, requiring a learning curve, especially if new to the system.
Pricing
Specific pricing information is not available. Contact LogicGate for a detailed quote.
3. Hyperproof
Hyperproof is another tool that integrates vendor risk into broader compliance operations, making it particularly suited for organizations where vendor management is primarily driven by audit and regulatory requirements. Its cloud-based software simplifies audit processes, making them faster and cost-effective while providing real-time insights into compliance status.
Key features
- Integration with compliance programs: Connects vendor risk management with compliance frameworks such as SOC 2, ISO 27001, NIST, and GDPR, enhancing alignment between risk and compliance efforts.
- Evidence-centric risk documentation: Unlike pure-play TPRM tools that focus on risk scores, Hyperproof emphasizes evidence collection and documentation. Vendor risk assessments generate audit-ready artefacts automatically, with built-in version control and approval workflows that compliance teams expect.
- Automated vendor evidence sync: Through their “Hypersyncs” feature, vendor security documentation (like SOC 2 reports, pen test results, certifications) is automatically ingested and distributed to relevant compliance workstreams, eliminating manual evidence chasing.
Pros
Hyperproof offers great flexibility in managing security compliance frameworks and more. Additionally, their implementation and customer success teams provide excellent guidance.
Cons
Some users wish for more frequent updates to their automated information request feature, Hypersyncs. However, users note that an easy-to-use SDK is available for those with JavaScript skills to extend functionality, depending on the APIs available.
Pricing
Pricing is available upon request and varies based on the plan: Professional, business, and enterprise plans offer various features that cater to diverse business sizes.
4. ProcessUnity
ProcessUnity takes an enterprise-grade approach to third-party risk management, built specifically for organizations managing complex, global vendor ecosystems.
The platform is suitable for large enterprises often have thousands of vendor relationships across multiple business units, geographies, and risk categories—requiring sophisticated workflow orchestration and granular control mechanisms that lighter TPRM tools simply can’t handle.
Key features
- Multi-tiered vendor Risk workflows: ProcessUnity’s core strength is its ability to route different vendor types through completely different assessment pathways. Critical infrastructure providers go through comprehensive due diligence with legal, security, and procurement teams involved, while low-risk vendors get streamlined questionnaires. This tiered approach prevents assessment bottlenecks while ensuring appropriate rigor for high-risk relationships.
- Enterprise contract integration: ProcessUnity connects vendor risk directly to contract lifecycle management, automatically triggering risk reassessments when contracts renew, expire, or change scope. Security requirements identified during risk assessment become contractual obligations, with built-in monitoring to ensure vendors maintain agreed-upon security postures.
Pros
ProcessUnity is highly customizable, providing the flexibility to tailor workflows and processes to fit your specific business needs. This makes it a strong tool for vendor risk management and other GRC tasks.
Cons
The customization capabilities can require advanced configuration skills or programming knowledge, which might be a hurdle for companies without technical resources or expertise.
Pricing
Specific pricing information is not available. Contact ProcessUnity for detailed pricing inquiries.
5. SecurityScorecard
SecurityScorecard approaches TPRM via continuous, non-intrusive cybersecurity monitoring based on external signals rather than questionnaire-driven assessments. Their platform operates on the principle that vendor security posture can be measured through observable internet-facing assets and behaviors, providing real-time risk intelligence without requiring vendor cooperation or internal access.
Key features
- Continuous external security monitoring: SecurityScorecard’s core differentiator is its ability to assess vendor cybersecurity posture without requiring questionnaires or vendor participation. Their platform continuously scans internet-facing assets, DNS configurations, SSL certificates, and other external indicators to generate security ratings. This means you get ongoing visibility into vendor security changes—like expired certificates, open ports, or malware infections—as they happen.
- Supply Chain Risk Discovery: The platform can identify previously unknown vendor relationships by analyzing your organization’s external attack surface. SecurityScorecard can detect these relationships and assess their security posture, providing visibility into “shadow IT” vendor risks.
Pros
Users appreciate the platform’s ability to provide detailed insights into potential vulnerabilities, facilitating proactive risk management.
Cons
Some users have noted challenges with the platform’s integration capabilities, suggesting that integration with existing systems could be improved. Also, SecurityScorecard’s external-only approach provides limited visibility into internal security controls, processes, and compliance frameworks. Their ratings are based on observable external signals, which may not accurately reflect a vendor’s actual security maturity or compliance posture.
Pricing
SecurityScorecard offers a free trial; contact their team for pricing details.
How Scrut simplifies third-party risk management with automation and continuous monitoring?
Scrut’s TPRM module operates within a comprehensive GRC ecosystem that includes compliance management, risk management, internal audit, and policy management.
The platform comes equipped with pre-built security questionnaires and onboarding tools to help you simplify vendor risk assessment. Scrut also features real-time dashboards with risk analytics to help businesses quickly identify and mitigate third-party risks.
Scrut is also backed by a highly-responsive CSM team, InfoSec experts with over 50 years of combined experience, and a 24/7 dedicated Slack channel for quick query resolution, Scrut provides hands-on support from initial setup to ongoing management, ensuring your third-party risk strategy is effective from day one while reducing resource strain.
Want to see how automation can elevate your vendor risk management strategy? Schedule a demo with Scrut today.
FAQ
1. What is the TPRM framework?
The TPRM framework is a systematic approach to identify, assess, manage, and mitigate risks from external vendors. It combines risk assessments, due diligence, continuous monitoring, and governance to secure operations, data, and reputation.
2. Is TPRM part of GRC?
Yes, TPRM is a key component of GRC. It zeroes in on vendor-related risks, while GRC covers overall governance, risk, and compliance, enhancing risk visibility across the organization.
3. What is an example of TPRM?
For instance, a company might assess a background check provider by evaluating its data security, regulatory compliance, and incident response. This due diligence helps prevent data breaches, fines, and reputational damage.
