Question: I need a tool that can help me identify and mitigate supplier risks, can you recommend something?

If you need a more comprehensive tool to help you find and manage supplier risks, Prevalent is a top contender. The vendor's platform uses AI and automation to evaluate and manage security risks to vendors and suppliers. It includes tools for vendor risk assessment, monitoring, compliance and due diligence collection, and is geared for industries like finance, health care and insurance. The platform also comes with resources like a risk calculator and maturity assessment to help you assess your TPRM program's performance.

Another mature option is ProcessUnity, which offers a unified platform for third-party and cybersecurity risk management. It automates the entire risk management lifecycle, from onboarding to continuous monitoring, with customizable workflows, AI-powered tools and integration with your enterprise systems. It's highly customizable and is a Leader in the Forrester Wave for Third-Party Risk Management Platforms.

If you prefer a more streamlined approach, Whistic offers an AI-powered platform that automates vendor assessments and houses security and compliance documentation. Its features include a Network Exchange for fast information exchange, AI integration for automated tasks, and access to more than 40 questionnaires and frameworks. The platform is designed to lower the likelihood of breaches and speed up your risk assessment process.

Last, Venminder offers an all-in-one platform for managing third-party risk across the vendor lifecycle. It includes tools to create and manage vendor questionnaires, contract management and continuous monitoring, as well as outsourced due diligence services. It's highly customizable and scalable, so it can be used by companies of all sizes looking to streamline their third-party risk management processes.