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About 3rdRisk
What is 3rdRisk?
3rdRisk is a third-party risk management (TPRM) platform that automates and simplifies the identification, assessment, and monitoring of risks across your supply chain. It centralizes all third-party data—from onboarding, assessments, contracts, and incidents to compliance and continuous monitoring—in one 360-degree dashboard.
What problem does it solve?
Manual risk management using spreadsheets is outdated and error-prone. 3rdRisk replaces static tools with real-time incident notifications, AI-powered analyses, and automated updates, enabling you to reduce risks with confidence and achieve compliance with regulations like DORA, NIS-2, and HIPAA in weeks, not months.
Who is it for?
3rdRisk is designed for risk professionals, compliance officers, and security teams in enterprises that manage multiple third-party relationships. It's ideal for organizations needing to meet regulatory frameworks like DORA (financial sector), NIS-2 (critical infrastructure), or HIPAA (healthcare). It is not for small businesses with few vendors and simple needs—they may find the platform overkill.
Real use cases
Use 3rdRisk to onboard new vendors with automated screening and due diligence, continuously monitor vendors for adverse media and sanctions, assess security and sustainability risks, and maintain a compliant register of information for DORA. It also enables you to create a branded environment for stakeholders, improving engagement and adoption.
Key features
- Third-Party Management — Centralize all vendor data, from onboarding to offboarding, in one platform.
- Contract Management — Store and track contracts, renewals, and obligations in a single repository.
- Third-Party Onboarding Portal — Streamline vendor onboarding with automated workflows and questionnaires.
- Risk Profiling — Assess and categorize third-party risk with tailored questions and scoring.
- Issue & Action Plan Management — Track and resolve identified risks with corrective action plans.
- Assessment Automation — Automate security, privacy, and compliance assessments with pre-built content.
- Real-Time Alerts — Receive instant notifications on incidents, sanctions, or adverse media affecting your vendors.
SaaSpartout Score
7.3
/10
Editorial score from our review methodology — not user ratings.
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3rdRisk Pricing
3rdRisk pricing: Pricing on request; starting plan includes 50 third-parties.
For comparison: the median starting price in Cybersecurity is $8.25/month, measured across 105 tools we track. See the full SaaS Pricing Index →
Get Started
Pricing on request. Includes 50 third-parties, multiple risk domains, access to premium content (unlimited), and core modules like third-party management, contract management, and issue & action plan management. No branding removal.
Insight
Pricing on request. Includes 500 third-parties, all features from Get Started, plus assessment automation, adverse media monitoring, compliance management, and SSO (add-on).
Manage
Pricing on request. Includes 500 third-parties, all features from Insight, plus sanctions monitoring, screening and due diligence workflows (add-on), branded environment, and API access.
Optimize
Pricing on request. Includes 500 third-parties, all features from Manage, plus internal control testing, custom reports, AI features, advanced user management, custom integrations, and dedicated support.
All plans can be customized with add-ons like DORA content package, NIS-2 content package, and Register of Information. Free demo available; implementation in 10 days.
Frequently asked questions
How much does 3rdRisk cost?
3rdRisk doesn't list public pricing. Plans are available on request, starting with a 'Get Started' tier that includes 50 third-parties. Pricing depends on the number of third-parties and selected modules. Contact sales for a quote.
Does 3rdRisk offer a free trial?
3rdRisk does not mention a free trial on their website, but they offer a free demo and a 10-day implementation guarantee. You can request a demo via their site.
What regulations does 3rdRisk support?
3rdRisk supports compliance with DORA, HIPAA, and NIS-2 by managing security, sustainability, privacy, legal, and quality requirements. It offers predefined risks, controls, and questionnaires for DORA and NIS-2 as add-ons.
What are top alternatives to 3rdRisk?
Top alternatives include OneTrust (for privacy and GRC), Prevalent (TPRM), ProcessUnity (third-party risk), and BitSight (security ratings). 3rdRisk stands out for its multi-domain coverage and DORA/NIS-2 readiness.
Is 3rdRisk suitable for small businesses?
3rdRisk is best for mid-to-large organizations with many third-party relationships. Small businesses with fewer than 50 vendors may find the platform too robust; they might prefer simpler tools like spreadsheets or basic TPRM solutions.
What is 3rdRisk's key limitation?
One key limitation is that pricing is not transparent—you must contact sales for a quote. Additionally, some features like sanctions monitoring, internal control testing, and AI features are only available in higher tiers or as add-ons.
