AI TOOL PROFILE
3rdRisk: Third-Party Risk Management Software
- Security
- Third-Party Risk Management
- 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.
At a glance
- Best for
- Risk professionals, Compliance managers, Mid-market companies, Enterprise companies, European-based businesses
- 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
- Visit 3rdrisk official website
How AI is used
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
AI Analysis Tools
Includes an AI SOC-2 analyser, document analyser, and contract analyser to help identify risk issues in supplier reports.
Real time Monitoring
Provides alerts and market updates regarding third-party incidents to support risk management.
Centralized Risk Data
Consolidates cybersecurity, sustainability, compliance, and privacy data into a single dashboard.
Compliance Content Packages
Provides predefined risks and questionnaires designed for DORA, NIS-2, GDPR, and CSRD requirements.
Branded Supplier Portal
Supports a customized environment for third parties, including a chatbot for stakeholder engagement.
Use Cases
EU Regulatory Compliance
Supporting adherence to DORA and NIS-2 frameworks through specialized content packages and reporting.
Supply Chain Risk Monitoring
Identifying and monitoring vulnerabilities across a network of third-party vendors.
Digitalizing Risk Tracking
Moving risk assessment and internal control workflows from manual spreadsheets to a digital platform.
Supplier Onboarding Assessments
Using automated portals and AI analysis to vet new third parties during the onboarding process.
Integrations
- Microsoft Teams
- SAP
- BitSight
- Dun & Bradstreet
- Ecovadis
- Jira
- LexisNexis
- Okta
- ServiceNow
- Workiva
- Slack
- SecurityScorecard
FAQ
Which industries can use 3rdRisk?
- The platform is designed for various sectors including retail, financial services, manufacturing, healthcare, and the public sector.
How long does it take to implement 3rdRisk?
- Standard implementations can take 10 days, while larger organizations requiring custom integrations may take 2-3 months.
Does 3rdRisk support specific regulatory frameworks?
- Yes, it provides specific content packages and workflows to support compliance with DORA, NIS-2, GDPR, and CSRD.
What is the starting price for 3rdRisk?
- The Overview plan starts at €490 per month and includes support for 100 third-parties.
Source category: Security
Source subcategory: Third-Party Risk Management
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