Question: I need a tool that helps me continuously monitor vendor risk and receive real-time alerts when changes occur.

If you're looking for a service to monitor vendor risk continuously and get alerts when something changes, UpGuard is a good option. It's designed to monitor third-party risk and attack surface, with continuous monitoring, real-time scanning and alerts into systems like Jira, ServiceNow or Slack. It's got the highest level of visibility and automation for detecting risk. It's highly customizable, with tiered pricing to match different organizational needs.

Another good option is ProcessUnity, which automates the entire risk management lifecycle from vendor onboarding to continuous monitoring. Its customizable workflow platform, Universal Data Core, and Global Risk Exchange make it a solid option for TPRM. It can handle vendor assessments, monitoring and integration with external content providers, so it's customizable and flexible.

Panorays is also a good option, with real-time Risk DNA ratings for third-party connections. The service offers continuous supply chain detection, actionable threat alerts, vendor self-guiding plans and detailed risk assessments. It automates third-party questionnaires with AI-powered validations and contextual risk assessments, so it's a good option for optimizing third-party risk management.

Whistic is an AI-powered service that automates assessments of vendors and helps customers build trust through its Trust Center and Network Exchange. With access to more than 40 questionnaires and frameworks, it offers a single view of the supply chain for proactive risk mitigation. Whistic is designed to minimize the risk of breaches and to streamline sales, so it's a good option for companies that want to transform third-party risk assessment.