Last Updated
Overall Rating
Based on 10 users reviews
4.6
Rating Distribution
Positive
100%
Neutral
0%
Negative
0%
Starting Price
Custom
3rdRisk Specifications
- Risk Assessment and Mitigation
- Regulatory Compliance Tracking
- Regulatory Change Monitoring and Impact Analysis
- Incident and Issue Tracking
What Is 3rdRisk?
3rdRisk is a cloud-based platform designed for risk, compliance, and security professionals across various industries, including finance, energy, and healthcare. It caters to organizations seeking enhanced control over third-party risks, internal governance, and regulatory compliance. The software streamlines collaboration between teams and external partners, offering a structured approach to managing risks and responsibilities at scale. By replacing fragmented spreadsheets and emails with a unified system, it reduces inefficiencies and improves transparency.
3rdRisk Pricing
The 3rdRisk cost ranges in the following four packages:
- Overview: €490/month
- Insight: Custom pricing
- Manage: Custom cost
- Optimise: Custom pricing
Disclaimer: Prices are subject to change.
3rdRisk Integrations
3rdRisk seamlessly integrates with various applications, including:
- Microsoft Teams
- Slack Software
- Jira Software
- Microsoft Azure
- Okta
- SAP
- LexisNexis
Who Is 3rdRisk For?
The software accommodates businesses of all sizes, supporting diverse use cases across various industries, including:
- Energy
- Financial Services
- Healthcare
- Logistics
- Manufacturing
- Retail
Is 3rdRisk Right For You?
Known for its flexibility and scalability, 3rdRisk is a strong choice for companies aiming to build a resilient risk culture while adapting to evolving business and regulatory demands. It streamlines risk-related workflows, supports smarter decision-making, and adapts well to organizational growth. Additionally, 3rdRisk promotes accountability and consistency across teams, making it easier to manage third-party obligations.
Still not sure about 3rdRisk? Contact our support team at (661) 384-7070 for personalized guidance.
3rdRisk Features
All Third-Party Risk Data In One Place
Users can eliminate scattered spreadsheets and disconnected tools by centralizing third-party risk information, such as questionnaires, contracts, and assessments, into a single, structured platform. This centralized approach enhances visibility and speeds up risk tracking across hundreds or thousands of suppliers.
Real-Time Insights And Alerts
The software enables continuous monitoring of your third parties, delivering live updates on market events, security breaches, and regulatory changes. Timely alerts allow your team to respond swiftly and reduce exposure to emerging risks.
Clear Assignment Of Tasks And Responsibility
3rdRisk provides a transparent system for defining responsibilities, allowing users to assign roles, tasks, and follow-ups to specific stakeholders. This feature ensures that everyone understands their duties, improving accountability and reducing the risk of task-related issues.
Manage And Report On ThirdParty Risks
The platform effortlessly generates comprehensive risk and compliance reports. Users can track performance metrics, compliance levels, and risk status with structured dashboards that support informed decision-making and simplify internal and external reporting.
Curated Frameworks And AI-Assisted Analysis
Users can leverage ready-made templates, such as frameworks, control sets, and surveys, built to international standards while the AI-powered document analyzer processes and summarizes supplier documents. This feature reduces manual effort and accelerates risk evaluation.
Pros And Cons of 3rdRisk
Pros
Users laud 3rdRisk for its streamlined and intuitive interface
Robust integration capabilities with various tools like Jira, Slack, and MS Teams
Streamlines cross-team stakeholder engagement
Promotes transparency and accountability across teams
Centralized third-party risk data in one platform
Cons
Some basic functionality or customization may be missing
A few software users note that the platform could benefit from richer reporting visualizations
A smaller user base can slow peer learning or best practice sharing
3rdRisk Reviews
Total 10 reviews
4.6
All reviews are from verified customers
Rating Distribution
5
Stars60%
4
Stars40%
3
Stars0%
2
Stars0%
1
Stars0%
Share your experience
Small-Business, 11-50 employees
“Excellent Third Party Management Tool”
Pros
It's accessible and it gives me a solid overview for managing third parties. Managing vendors becomes much simpler since it connects seamlessly with MS Teams and pulls data from multiple sources automatically.
Cons
I wish more companies would adopt this system since it's so comprehensive and that's really my only complaint about it.
Rating Distribution
Ease of use
10
Value for money
10
Customer Support
8
Functionality
10
Enterprise, 500+ employees
“Solid Control Features Available”
Pros
I find this Internal Control tool incredibly helpful for managing our framework. The interface is interactive and user-friendly, making it simple to monitor control status. The workflow between different lines of defense functions seamlessly! The team behind it is genuinely friendly and responds quickly whenever we have questions or need custom development. They follow up on any issues promptly. We used to rely on email management but this gives us far better visibility and insight into our processes.
Cons
Sometimes development requests take longer than initially anticipated, which can be frustrating when you're waiting for specific features.
Rating Distribution
Ease of use
10
Value for money
8
Customer Support
9
Functionality
9
Enterprise, 500+ employees
“Flexible solution for complex workflows”
Pros
I love how this tool takes complex workflows and makes them feel straightforward. Working with it is actually enjoyable and the intuitive design means everyone on the team can jump right in without a steep learning curve. Implementation was smooth and adoption happened quickly across the board.
Cons
Nothing significant comes to mind and I'm genuinely happy with this solution.
Rating Distribution
Ease of use
10
Value for money
8
Customer Support
8
Functionality
8
Frequently Asked Questions
Does 3rdRisk offer an API?
Yes, 3rdRisk offers an API.
Does 3rdRisk have a mobile app?
No, 3rdRisk currently doesn’t offer a mobile app.
What types of pricing plans does 3rdRisk offer?
The 3rdRisk price starts at €490/month for the Overview plan and custom quotes for the Manage, Optimise, and Insight plans. So, obtain a tailor-made cost estimate specific to your needs.
Who are the typical users of 3rdRisk software?
Typical users of 3rdRisk include risk managers, compliance officers, procurement and security teams, finance personnel, and operations staff across various industries, including finance, healthcare, energy, and retail.
What other apps does 3rdRisk integrate with?
3rdRisk integrates with MS Teams, MS Azure, Jira, Slack, and many others.
What language does 3rdRisk support?
3rdRisk supports multiple languages, such as English and German.
What level of support does 3rdRisk offer?
3rdRisk provides support through email, phone, chat, FAQS, and a help center.