3rdRisk: Third-Party Risk Management Software
3rdRisk helps risk professionals identify and monitor third-party risks across multiple domains. It is designed for companies needing to support compliance with EU regulations such as DORA and NIS-2.
At a glance
- Category
- Security
- Best for
- Risk professionals, Compliance managers, Mid-market companies, Enterprise companies, European-based businesses
- Pricing
- Pricing starts at €490 per month for the Overview plan, which covers up to 100 third-parties. Higher tiers (Insight, Manage, and Optimise) require custom quotes.
- Key use cases
- EU Regulatory Compliance, Supply Chain Risk Monitoring, Digitalizing Risk Tracking, Supplier Onboarding Assessments
- Integrations
- Microsoft Teams, SAP, BitSight, Dun & Bradstreet, Ecovadis
- Official website
- 3rdrisk.com
3rdRisk is a risk management platform designed to replace manual spreadsheet tracking with a centralized system for managing supplier relationships. It supports several risk domains, including cybersecurity, sustainability, data privacy, and business continuity.
The software is designed for risk managers in sectors such as retail, financial services, and manufacturing. It focuses on automating the assessment process and providing real time alerts when third-party risks change.
Buyers can use AI-driven analysis tools for SOC-2 reports and contracts, which may reduce the manual effort required to review supplier documentation. The platform also supports custom branding of the supplier portal to maintain a corporate identity.
Buyers should confirm whether their specific regulatory needs are covered by the available content packages and determine if they require higher-tier plans for advanced reporting and API access.
Key Features
Includes an AI SOC-2 analyser, document analyser, and contract analyser to help identify risk issues in supplier reports.
Provides alerts and market updates regarding third-party incidents to support risk management.
Consolidates cybersecurity, sustainability, compliance, and privacy data into a single dashboard.
Provides predefined risks and questionnaires designed for DORA, NIS-2, GDPR, and CSRD requirements.
Supports a customized environment for third parties, including a chatbot for stakeholder engagement.
Use Cases
Supporting adherence to DORA and NIS-2 frameworks through specialized content packages and reporting.
Identifying and monitoring vulnerabilities across a network of third-party vendors.
Moving risk assessment and internal control workflows from manual spreadsheets to a digital platform.
Using automated portals and AI analysis to vet new third parties during the onboarding process.
Best For
Integrations
Pricing
Pricing starts at €490 per month for the Overview plan, which covers up to 100 third-parties. Higher tiers (Insight, Manage, and Optimise) require custom quotes.
FAQ
The platform is designed for various sectors including retail, financial services, manufacturing, healthcare, and the public sector.
Standard implementations can take 10 days, while larger organizations requiring custom integrations may take 2-3 months.
Yes, it provides specific content packages and workflows to support compliance with DORA, NIS-2, GDPR, and CSRD.
The Overview plan starts at €490 per month and includes support for 100 third-parties.
Source category: Security
Source subcategory: Third-Party Risk Management
