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3rdRisk description
3rdRisk is a cloud-based platform designed to manage the risks associated with using third-party vendors. It allows you to assess, monitor, and manage risks across different areas, including cybersecurity, compliance, and sustainability. The platform offers pre-built integrations, automated workflows, and real-time monitoring. 3rdRisk promises quick implementation and aims to replace manual spreadsheet-based risk management. While headquartered in Europe, it serves a global client base.
What companies are using 3rdRisk?
Who is 3rdRisk best for
We find 3rdRisk is a strong choice for mid-sized to large companies operating in regulated industries. It's especially useful if you're juggling multiple vendors and need a single platform to oversee risks related to compliance, cybersecurity, and sustainability. They have good features like centralized data and automated workflows.
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Perfect for mid-sized to large companies that need a robust platform. Good for companies with 101+ employees.
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We find it is a great fit for companies in finance, banking, and insurance who want to reduce third party risk and stay compliant.
3rdRisk features
Supported Centralized data: Centralized data: All third-party risk data is stored in one central location. |
Supported Real-time insights: Real-time insights and alerts: Stay informed about third-party risks with real-time updates and notifications. |
Supported SOC-2 analyzer: AI-powered SOC-2 analyzer: Automates the assessment of SOC-2 reports, highlighting potential concerns. |
Supported Automated workflows: Automated workflows: Streamlines risk management processes through automation. |
Supported Customizable Questionnaires: Customizable questionnaires: Create tailored questionnaires to assess specific third-party risks. |
Supported Automated Reporting: Automated reporting: Generate comprehensive reports on third-party risk assessments. |
Supported System Integration: Integration with existing systems: Seamlessly integrates with existing security and risk management tools. |
Supported Compliance with regulations: Compliance with regulations: Helps organizations comply with industry regulations like DORA and NIS-2. |
3rdRisk pricing
The commentary is based on 2 reviews from 3rdRisk G2 reviews.
We find 3rdRisk offers a good value, with a scalable pricing model that allows you to start with a basic plan and expand as needed. One reviewer mentioned contract negotiations were smooth and future user expansion is possible without extra costs. This flexibility makes it suitable for various organizations.
See the 3rdRisk pricing page.
Includes third-party module, contract module, content hub, issues & actions plans, basic export reporting functionality, shared chat support.
Includes all Overview features plus multiple risk domains, third-party risk profile, supplier onboarding portal, advanced assessment module, adverse media monitoring, assessment scheduler, branding stylesheet logo, SSO, shared chat and email support.
Includes all Insight features plus risk management, compliance management, AI SOC analyser, customised reporting, advanced user management, branding (stylesheet/domain/mail), default Microsoft Teams integration, staging environment, dedicated support.
Includes all Manage features plus latest AI capabilities, API access, benchmarking, branded Microsoft Teams integration, procurement integration, customer experience manager.
Includes DORA best-practice configuration, DORA risk management, DORA compliance management, assessment module, register of information, issues & action plans, Excel reporting functionality, shared chat support.
Includes NIS-2 best-practice configuration, NIS-2 risk management, NIS-2 compliance management, assessment module, register of information, issues & action plans, Excel reporting functionality, shared chat support.
3rdRisk alternatives
3rdRisk FAQ
3rdRisk helps manage risks from third-party vendors. We find that it's a cloud-based platform for assessing, monitoring, and managing risks, including cybersecurity, compliance, and sustainability, using automated workflows and real-time insights.
What is 3rdRisk and what does 3rdRisk do?
3rdRisk helps manage risks from third-party vendors. We find that it's a cloud-based platform for assessing, monitoring, and managing risks, including cybersecurity, compliance, and sustainability, using automated workflows and real-time insights.
3rdRisk integrates with existing security and risk management tools, allowing for a seamless flow of information and streamlined risk management processes. We find this integration capability improves overall risk visibility and control.
How does 3rdRisk integrate with other tools?
3rdRisk integrates with existing security and risk management tools, allowing for a seamless flow of information and streamlined risk management processes. We find this integration capability improves overall risk visibility and control.
We find that Aravo, Auditive, Ncontracts, Archer, ProcessBolt, and Resolver are the main competitors of 3rdRisk. They offer similar third-party risk management solutions, often with a focus on compliance and security.
What the main competitors of 3rdRisk?
We find that Aravo, Auditive, Ncontracts, Archer, ProcessBolt, and Resolver are the main competitors of 3rdRisk. They offer similar third-party risk management solutions, often with a focus on compliance and security.
We find 3rdRisk to be a legitimate platform. They offer a valuable service with positive growth and strong customer ratings. However, more transparency in their pricing would be beneficial.
Is 3rdRisk legit?
We find 3rdRisk to be a legitimate platform. They offer a valuable service with positive growth and strong customer ratings. However, more transparency in their pricing would be beneficial.
3rdRisk's Overview plan starts at €490/month. Their DORA and NIS-2 plans are €1250/month. For Insight, Manage, and Optimize plans, you'll need to contact 3rdRisk for custom pricing. We recommend reaching out to them directly for a personalized quote.
How much does 3rdRisk cost?
3rdRisk's Overview plan starts at €490/month. Their DORA and NIS-2 plans are €1250/month. For Insight, Manage, and Optimize plans, you'll need to contact 3rdRisk for custom pricing. We recommend reaching out to them directly for a personalized quote.
We find that 3rdRisk's customer service is highly regarded. Users praise the team's responsiveness, helpfulness, and willingness to incorporate feedback, leading to quick issue resolution and continuous platform improvement. While some development requests may take longer than initially anticipated, the overall sentiment is positive.
Is 3rdRisk customer service good?
We find that 3rdRisk's customer service is highly regarded. Users praise the team's responsiveness, helpfulness, and willingness to incorporate feedback, leading to quick issue resolution and continuous platform improvement. While some development requests may take longer than initially anticipated, the overall sentiment is positive.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.
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