The Top 10 TPRM Solutions of 2025

Updated on March 10th, 2025

With so many organizations relying on third-party vendors to deliver services and features, third-party risk management (TPRM) solutions have become essential to helping them manage data security and regulatory compliance risks. The average number of integrations is around 10 connected apps or 25 in the information sector but could be in the dozens or even hundreds in some cases.

Typical TPRM solutions come in the form of SaaS platforms, but some offer human assistance too, and with some having steep learning curves this can be essential. They help organizations manage third-party vendor risks, offering oversight and risk exposure analysis, threat detection and mitigation, and sometimes to streamline compliance and reporting tasks.

Third-party vulnerabilities are behind some of the most famous data breaches, including the massive SolarWinds attack, and the recent record-breaking $1.5 billion Bybit Ethereum theft, so it’s never been more important to get tooled up with a TPRM solution. In this post, we look at the top 10 TPRM solutions for 2025 (in no particular order) including their features, pros and cons, and reviews from G2 and Capterra.

1. Venminder

Packed with features, Venminder offers a SaaS platform backed up by human expertise to help organizations manage all sorts of third-party relationships, including web application and code vendors. It helps with risk assessments, identifies risky vendors, and supports continuous monitoring, providing high-level risk profiles of third parties. Its questionnaire software feature lets users automate question creation and create risk ratings, while the Oversight Management feature allows them to create and assign tasks and provide status updates. Venminder’s issue management capability gathers all vendor issues in one place, and its SLA Management simplifies service-level agreement monitoring.

Pros include the intuitive UI, solid customer support, centralized storage of contracts, and easy access to documentation. On the down side, there are so many features available that the interface can appear intimidating to newcomers, but Venminder provides dedicated project managers for onboarding and training. Reviewers frequently mention the “excellent customer support,” which may help to explain why it’s such a popular choice.

2.BitSight 

BitSight’s key functionalities include attack surface monitoring, vendor risk assessment management, security questionnaire automation, continuous monitoring, vendor validation, and robust reporting and analytics capabilities. The platform also provides integration options with other business tools.

BitSight’s strengths lie in its extensive vendor network, excellent customer support, and high recommendation rates from users. The platform excels in providing a holistic view of vendor risks, automating assessments, and offering continuous monitoring throughout the vendor lifecycle.

However, some users report that the platform isn’t particularly intuitive, which points to a steep learning curve for new adopters. Additionally, there have been reports of delays in reflecting remediated security risks, which could impact decision-making processes (although it did introduce a feature called Dynamic Remediation in December 2024 to remedy this).

Despite these drawbacks, its great features and strong support make BitSight a solid option. Potential users should weigh the learning curve and possible data update delays against their specific needs and resources when considering the platform.

3. SecurityScorecard

SecurityScorecard features real-time monitoring of vulnerabilities, external attack surface management, and automated vendor risk assessments. The platform assigns security ratings on an A-F scale across ten factors, such as DNS health, endpoint security, and patching cadence, offering a clear and actionable view of cyber risks.

It identifies risks across third- and fourth-party ecosystems, uses machine learning to validate vendor responses to security questionnaires in near real-time, and streamlines regulatory compliance. Features like dynamic remediation plans and attack surface intelligence allow organizations to prioritize critical vulnerabilities and respond proactively to emerging threats.

The platform is highly scalable, and includes tools for cyber risk quantification, which means users can forecast potential financial losses from attacks. However, some users report challenges such as frequent alerts leading to fatigue, occasional false positives, and limited integration capabilities.

Overall, SecurityScorecard is a powerful tool for improving cybersecurity posture and managing vendor risks effectively. Its continuous monitoring and actionable insights make it particularly valuable for organizations aiming to stay ahead of evolving threats.

Users are saying things like, “An excellent tool for vendor risk assessments,” and “It’s nice to know that they always watch my critical vendors, and I can see how they are scoring. I also like that I can invite vendors to join SecurityScorecard at no cost to them.”

4. ProcessUnity

ProcessUnity is a prominent vendor risk management solution offering a comprehensive suite of features, including automated vendor onboarding (which it calls Sourcing RFx) which helps identify potential risks in third-party relationships. The platform also provides risk scoring, classification, vendor issue management, and overall vendor risk management functionalities.

Key advantages include its automated workflows, an efficient vendor onboarding process, agreement tracking, robust reporting capabilities, and its customizable nature, all of which allow organizations to streamline their third-party risk management processes and gain better visibility into their vendor ecosystem.

ProcessUnity is noted for its customer support. It caters to organizations of various sizes and maturity levels, offering flexibility in deployment options. Its focus on automation and efficiency aims to help businesses reduce the time and resources required for effective vendor risk management. However, users may experience a learning curve when first implementing the platform.

Users from enterprises of all sizes say that it “reduces the cost and time to produce effective reports.”

5. UpGuard

UpGuard provides continuous monitoring of vendor security, automated security questionnaires, and workflows for risk assessments and remediation tracking. Its vendor comparison tools help evaluate and prioritize third-party risks.

UpGuard’s advantages include real-time monitoring of internal and external assets, data leak detection on both the surface web and dark web, and continuous scanning for misconfigurations. The platform also includes asset discovery for digital footprint visibility. Its proprietary security ratings are based on daily scans of over 800 billion records across 70+ risk vectors, providing actionable insights into vulnerabilities. It also supports compliance monitoring for standards like GDPR, ISO 27001, and NIST, with customizable reporting and executive dashboards to simplify risk communication.

The platform is praised for its user-friendly interface, competitive pricing, and strong data leak detection capabilities. However, some users note that there’s a lot to learn before they can fully leverage its features.

“Great platform with excellent customer service,” sums up the general consensus among users, who also report that it is “very easy to get started and quite powerful when you delve into the more advanced functions. The interface is intuitive and easy to navigate.”

6. OneTrust

OneTrust allows users to automatically flag and track risks, and then easily create reports. Its Questionnaire Response Automation (QRA) and Vendor Portal enable users to create security, privacy, and due diligence questionnaires with automatic answering from a user-built answer library. The Third-Party Risk Exchange can be used for risk monitoring, analytics, and access to the global vendor community for information sharing.

OneTrust’s benefits include a clear and easy-to-use UI with workflow automation to simplify the risk assessment process, with affordable pricing and customization support. While its reporting capabilities are limited compared with other tools, and its support system needs improvement, users positively endorse it:

“Most comprehensive and versatile tool for security, governance, and privacy. The best aspect of OneTrust, a very layered aspect in itself, is its versatility. There are so many ways to apply the software solution in everyday activities and create a complex yet coherent and intuitive system for security and privacy governance, risk management, assessments, and everything a security professional would require.”

7. Prevalent

Prevalent simplifies and accelerates risk management, mitigation, and compliance processes, offering continuous risk monitoring, remediation management, and automated risk assessments with workflows.

The platform provides access to risk intelligence for over 10,000 vendors through its Vendor Risk Networks, leveraging data from over 500,000 sources. Features include vendor onboarding, risk assessment, threat monitoring, and AI-powered capabilities for data analysis and platform navigation. Recent platform enhancements include AI-enabled Auto Assessment Population, which automatically populates new assessments from uploaded Excel spreadsheets, regardless of formatting differences. 

Alfred, Prevalent’s virtual third-party risk advisor now understands natural language commands and offers a chatbot-style interface for easier navigation and vendor management. Improvements have also been made to its Vendor Threat Monitor (VTM) with deeper insights into suppliers’ reputational risks.

Pros include a simple risk assessment process, easy navigation and onboarding, effective customer service, and AI-powered features for improved efficiency. On the downside, some users may find its extensive customization options overwhelming.

A G2 platform review calls it a, “Brilliant Risk Management Solution” and says that “Prevalent has delivered exactly what was promised and is very simple. The digital risk register and exports allow us to quickly navigate what’s important, focus on the right areas, and report to the exec.”

8. Black Kite

Black Kite presents unique, distinctive features compared to other platforms of its kind. For example, it uses the Open FAIR™ model to calculate the financial impact of third-party vendor software, and its third-party risk intelligence provides a holistic approach to security by combining three perspectives: technical, financial, and compliance. Meanwhile, its AI-powered compliance mapping tool enables users to measure compliance according to different standards like NIST and GDPR.

The pros of Black Kite include ease of use, short setup time, financial estimation for third-party risks, and the ability to pull data from multiple sources for analysis. Some of its cons include the lack of customer support, confusing UI, and issues with generating larger reports.

A review on Gartner Peer Insights rates it for its monitoring effectiveness: “Black Kite has enabled us to monitor our external cyber posture. It is very quick to set up and yet very detailed and effective.”

9. SAI360

SAI360 provides an integrated view of risks using its Integrated Risk Management (IRM) insights. Its features include a vendor profiling portal for onboarding vendors, third-party risk screening, vendor risk assessment and surveys, automated due diligence, continuous monitoring, and risk intelligence reports with visualization capabilities.

Recent updates include AI-powered tools like the AI Audit Assistant, enhanced Model Risk Management, and expanded regulatory content integration, which further strengthen its risk management and compliance capabilities.

While some customers previously described its workflow setup process as tedious, it now has pre-configured workflows and templates to speed up implementation. So, it offers strong reporting capabilities, integration with cloud platforms, and a great UI – which some reviewers can’t get enough of:

 “SAI360 all the way! It is user-friendly! That is the best part! In addition, great dashboards – Precise and usable reports can be produced.”

10. Reflectiz

Reflectiz is a comprehensive web threat management platform designed to enhance website security and protect against client-side attacks. Its key features include mapping and continuous monitoring of first, third, and fourth-party app vulnerabilities, protection against web skimming and Magecart attacks, and solutions for PCI compliance and privacy enforcement. The platform utilizes AI-powered compliance mapping and automated risk assessment with customizable workflows. It offers a dedicated code deobfuscation tool, a dedicated PCI DSS compliance dashboard, behavioral analysis of page activity and network requests, and a risk exposure rating system with industry benchmarking, among other features.

This latter is a stand-out feature. It creates a risk rating on an A-F scale for every website, application, and domain, which organizations then use to guide their improvement efforts and benchmark their security posture against industry peers.  

Reflectiz executes remotely and requires no installation, so its real-time risk mitigation and threat intelligence can be up and running quickly. Users appreciate its user-friendly interface, easy integration with existing systems, and responsive customer support. The platform’s comprehensive view of website security risks and powerful vulnerability management tools make it particularly valuable for organizations prioritizing web security.

Overall, Reflectiz offers a robust solution for managing web-based security risks and is particularly well-suited for established companies seeking comprehensive website protection and compliance support.

One typical reviewer said, “Huge number of features, great customer support & ease of implementation & integration makes this a perfect one-stop solution to cater to all your frequent usage needs when it comes to monitoring & enhancing your web security.”

Conclusion

A comprehensive TPRM solution is no longer optional, it’s a vital component of effective risk management and long-term success. Reflectiz is the ideal option for enterprises in need of continuous web threat monitoring and protection, empowering them to manage complex website infrastructure risks and maintain regulatory compliance in the healthcare, finance, e-commerce, and many other industries. Sign up here today.