For a system that can properly identify and evaluate third-party risks, Prevalent is a top pick. It combines AI and automation for a third-party risk management platform that spans vendor, supplier and IT vendor risk management. The platform includes due diligence collection and analysis, contextual risk reporting and risk remediation, and is used by finance, healthcare, insurance and retail companies.
Another top contender is ProcessUnity. It automates the entire risk lifecycle, from onboarding to continuous monitoring, with AI-powered tools and a customizable workflow platform. ProcessUnity also has a Universal Data Core for consolidating risk data and a Global Risk Exchange with validated risk assessments and predictive risk data. It's a Forrester Wave Leader for Third-Party Risk Management Platforms, so you can trust it'll help you get through TPRM efficiently.
For continuous monitoring and real-time insights, UpGuard offers the most visibility into third-party risk, monitoring millions of companies and billions of data points each day. The platform offers automated scanning, real-time alerts and industry-leading security ratings. UpGuard's interface is designed to streamline workflows and automate risk detection, so you can easily communicate with stakeholders and monitor third-party security posture.
Last, check out Panorays for real-time risk assessments and continuous supply chain detection. Panorays gives each third-party connection a Risk DNA rating and offers actionable threat alerts, vendor self-guiding plans and automated risk management. The platform helps companies optimize their third-party risk management and improve their cybersecurity posture, with high accuracy and efficiency in risk assessments.