Third-Party Risk &
Vendor Risk Management

Third-Party (TPRM) and Vendor Risk Management (VRM) software capabilities are a key part of the SAI360 GRC Platform, helping organizations evaluate, monitor, and mitigate risks across their vendor and partner ecosystem.

By centralizing due diligence, assessments, and ongoing oversight, it enables a more transparent, efficient, and risk-aware third-party program.

Third Party Risk Management
SAI360 Third Party Risk Onboarding

Centralize the Vendor Lifecycle

Manage onboarding, due diligence, and contracts from one system to increase control and efficiency.

  • Automate vendor onboarding, screening, and contract approvals to reduce manual tasks and delays
  • Standardize processes across the vendor lifecycle to ensure consistency, transparency, and audit readiness
  • Track vendor performance and risk scores over time for continuous oversight

Integrate External Risk Data

Enrich your view of vendor risk by connecting to trusted third-party data sources.

  • Ongoing third-party screening for cyber, financial, credit and other risk via SecurityScorecard, WorldCheck, Argos Risk and more
  • Automatically update vendor records when external data changes—no manual checks or guesswork needed
  • Use embedded insights to trigger reassessments, escalate reviews, or adjust vendor risk tiers in real time
Third party risk management software
TPRM

Stay Ahead with Automation

Reduce third party vendor risk exposure and manual effort with automated workflows and real-time updates.

  • Automate due diligence reviews, reassessments, and reminders to keep third-party risk programs moving
  • Trigger alerts when vendor risk scores change or documents go out of date
  • Eliminate email and spreadsheets with centralized, trackable workflows and reporting
Struggling to manage vendor risk?
See how SAI360 brings clarity, control, and automation to your entire third-party risk lifecycle.

Explore The Capabilities

Streamline onboarding with centralized intake, automated profiling, and built-in risk scoring. Prioritize vendors based on criticality, business relevance, and risk posture.

Reduce assessment fatigue and scale to thousands of vendors. Use standardized questionnaires aligned with frameworks like NIST CSF, CAIQ, CIS, VSA, and SIG.

Go beyond manual reviews with ongoing monitoring and screening. Stay ahead of vendor-related cyber, financial, and reputational risks with integrated third-party data.

Track mitigation plans for flagged risks and unacceptable findings. Manage exceptions and document responses to stay audit-ready and accountable.

Control contract risk with a centralized repository and structured workflows. Use our TPRM software to rack expirations, flag adverse terms, and streamline approvals across your vendor base.

Get a real-time view of your vendor risk landscape. Use built-in dashboards and analytics to visualize gaps, prioritize actions, and report with confidence.

Also on the SAI360 GRC Platform

Identify, assess and monitor external and internal risks from across the enterprise.

  • Enable continuous risk strategies
  • Combine strategic and operational risks in one place
  • Enables top-down and bottom-up assessments
  • Supports real-time reporting with dynamic scoring and ownership tracking
Enterprise Risk

Connect cybersecurity, data, and infrastructure risk to enterprise-level oversight.

  • Leverage frameworks like NIST and ISO 27001 to manage IT risk
  • Eliminate manual effort with CMDB integration
  • Support asset-based risk assessments linked to controls and incidents
  • Bridge the gap between IT teams and enterprise risk managers
IT Risk

Reinforce risk mitigation with tested, auditable, and accountable controls.

  • Automates testing, evidence collection, and review schedules
  • Maps control effectiveness directly to enterprise risks and findings
  • Ensures audit-readiness and SOX compliance with less manual effort
Internal Controls

Train employees with relevant, policy-aligned content that actually sticks.

  • Assign learning by role, location, or risk exposure
  • Embed disclosures within a training course
  • Deliver interactive content tied to your policies and values
  • Monitor training completion and identify gaps with real-time reporting
Ethics & Compliance Training

“Automated workflows help manage third-party vendors and track risk scoring. It’s easy to see where each vendor stands.”

-Verified User in Financial Services, G2 Reviews

Learn about SAI360’s integrated platform and
award-winning customer service

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FAQs

Third-party risk management (TPRM), also known as vendor risk management (VRM), is the process of identifying, assessing, and monitoring risks from vendors, partners, and service providers.

Vendors can expose your organization to cyber, financial, compliance, and reputational risks if not properly evaluated and monitored.

SAI360 centralizes onboarding, due diligence, assessments, and ongoing monitoring for full-lifecycle third-party oversight.

Yes. SAI360 automates onboarding workflows, approvals, and screening to streamline vendor intake and reduce manual effort.

Yes. Our TPRM software platform connects to trusted sources like SecurityScorecard, WorldCheck, and Argos Risk for cyber, financial, and credit risk data.

Changes in external data or risk scores can automatically trigger reassessments, escalations, or tier adjustments in real time.

Yes. Performance metrics, risk scores, and document status are tracked over time for ongoing insight and accountability.

Yes. Assessments can be tailored and scaled based on vendor risk tier, size, or service type.

Yes. Vendors can be assigned compliance training through integrated learning modules to ensure awareness of policies and regulatory obligations.

Absolutely. SAI360 enables vendors to complete attestations confirming policy acceptance, code of conduct adherence, or risk disclosures.

Yes. Contract workflows are integrated so you can manage approvals, renewals, and compliance from a single platform.

Third-party risk management software pricing depends on your organizational size, scope of use, and modules selected. Contact us for a personalized quote.