--- title: "Third Party Risk Management Software Pricing, Alternatives & More 2026 | Capterra" description: "With the help of Capterra, learn about Third Party Risk Management Software - reviews, pricing plans, popular comparisons to other Risk Management products and more." source_url: "https://www.capterra.com/p/194844/Third-Party-Risk-Management/" page_type: "product" language: "en" --- # Third Party Risk Management Software Review 2026: Features, Reviews, Integrations, Pros & Cons Last updated on August 20, 2026 Provider data verified by our Software Research team, and reviews moderated by our Reviews Verification team. [Description](#description)[Use cases](#use-cases)[Alternatives](#alternatives)[FAQs](#faqs)[Features](#features)[Pricing](#pricing)[Support](#support) Third Party Risk Management ## What is Third Party Risk Management? Risk 365 is a SaaS platform to perform automated, paperless Vendor Assessments using pre-built or Custom standards / checklists. It helps to focus attention on risky vendors and minimise Data Breaches. Save time and improve security with our secure, paperless system. Risk 365 can be used for Third Party Risk Management, Vendor Risk Management, performing assessments and more. 30 days free trial and thereafter prices starting at $750 per annum - unlimited users. ## What is Third Party Risk Management used for? [Risk Management](https://www.capterra.com/risk-management-software/)[Governance, Risk and Compliance (GRC)](https://www.capterra.com/grc-software/)[Vendor Management](https://www.capterra.com/vendor-management-software/) Top alternative Featured Overall rating Based on 0 user reviews Reviews sentiment Positive \- Neutral \- Negative \- Starting price ₹750 Per User, Per Year Free trial available Includes Free Version Capterra Shortlist charts the highest-rated and most popular products... Our "Best of" badge program showcases products with the highest ratings... Our "Best of" badge program showcases products with the highest ratings... Do you work for Third Party Risk Management?[Manage this product listing](https://digitalmarkets.gartner.com/get-listed/claim-bx?url=http://www.riskpro.in&name=Third Party Risk Management) ## Compare with a popular alternative Capterra selects software alternatives based on relevant features, verified user reviews and user interactions. Placement may be influenced by client status. ### Third Party Risk Management 0.0 VS. [4.7 (414)](https://www.capterra.com/p/148230/SOXHUB/reviews/) Starting Price ₹750 Per User, Per Year Starting Price Contact vendor Free Trial Free Version Pricing Options Free Trial Free Version Ease Of Use 0.0 (0) Ease Of Use 4.6 (116) Value For Money 0.0 (0) Value For Money 4.5 (105) Customer Service 0.0 (0) Customer Service 4.6 (109) ## Third Party Risk Management alternatives [4.8 (105)](https://www.capterra.com/p/138931/Audit-Software/reviews/) Starting price Contact vendor for pricing Pricing Options Free Trial Free Version User Rating 98% of reviewers rated it above 4 stars [4.6 (39)](https://www.capterra.com/p/151388/teammate-risk-compliance/reviews/) Starting price $0.01 Per User, Per Month Pricing Options Free Trial Free Version User Rating 97% of reviewers rated it above 4 stars [4.7 (1,058)](https://www.capterra.com/p/179015/OnBoard-Board-Portal/reviews/) Starting price Contact vendor for pricing Pricing Options Free Trial Free Version User Rating 97% of reviewers rated it above 4 stars Highest Rated [Hyperproof](https://www.capterra.com/p/202536/Hyperproof/) [4.8 (116)](https://www.capterra.com/p/202536/Hyperproof/reviews/) Starting price $12000.00 Per User, Per Month Pricing Options Free Trial Free Version User Rating 100% of reviewers rated it above 4 stars [Learn More](https://www.capterra.com/p/202536/Hyperproof/) ## FAQs about Third Party Risk Management Overview ### What company size and specific industries is Third Party Risk Management built for? Third Party Risk Management is designed for companies of any size across all industries, including organizations with global operations. It is suitable for businesses that need a third-party risk management tool regardless of sector or market focus. Features and Usability ### What are the key features of Third Party Risk Management? Third Party Risk Management offers risk assessment, risk analysis, and risk scoring for evaluating vendors and suppliers, plus compliance management and audit management for oversight. It also includes alerts/notifications, audit trail, dashboard, incident management, corrective and preventive actions (CAPA), and vendor master data management. Getting Started and Support ### What training and onboarding options does Third Party Risk Management offer? Third Party Risk Management provides live online sessions, webinars, and documentation to help teams get started. Live online sessions and webinars support guided learning, while documentation offers written reference material for reviewing setup steps and product details as needed. Getting Started and Support ### What customer support options does Third Party Risk Management offer? Third Party Risk Management provides chat support. No reviewer feedback on support experience is available, so the customer support experience cannot be described in terms of response time, helpfulness, or common frustrations. ## Features AI summary Based on 1,699 Risk Management reviews Capterra data shows that buyers of risk management software rank the following features as their top priorities: - **Risk Analysis** (**47%** of reviewers rated this feature as critical) - **Risk Reporting** (**46%**) - **Risk Scoring** (**49%**) Third Party Risk Management supports all three features that reviewers identify as most important: **Risk Analysis**, **Risk Reporting**, and **Risk Scoring**. Together, these capabilities help businesses identify potential threats, measure risk levels clearly, and report findings with consistency, allowing teams to make better decisions and manage third-party exposure more effectively. Alerts/Notifications Alerts or notifications of various types such as pop-up messages, sounds, banners, or badges Audit Management Plan, schedule, and execute organization's accounts and assets to ensure compliance with policies and laws Audit Trail A record of all activities within the system, including user access, changes made, etc. Compliance Management Track and manage adherence to policies for any service, product, process, or supplier Corrective and Preventive Actions (CAPA) Investigate and take action at root cause or error in processes to prevent recurring issues Dashboard Assembly of graphs and charts for visualizing and tracking statistics/metrics Third Party Risk Management 22 features ### All Features - Alerts/Notifications: Alerts or notifications of various types such as pop-up messages, sounds, banners, or badges - Audit Management: Plan, schedule, and execute organization's accounts and assets to ensure compliance with policies and laws - Audit Trail: A record of all activities within the system, including user access, changes made, etc. - Compliance Management: Track and manage adherence to policies for any service, product, process, or supplier - Corrective and Preventive Actions (CAPA): Investigate and take action at root cause or error in processes to prevent recurring issues - Dashboard: Assembly of graphs and charts for visualizing and tracking statistics/metrics - Environmental Compliance: Guidelines for conforming to environmental laws, regulations and requirements - Incident Management: Manage and track all disruptions and incidents - Internal Controls Management: Ensure internal objectives and compliance with policies are met - IT Risk Management: Manage risks related to IT systems - Offboarding: Closing out contracts by reviewing contract/project completion, finalizing payments, and ensuring terms and compliance as been achieved - Onboarding: Process of familiarizing new clients, stakeholders or employees with the company, a new location, or a service - Operational Risk Management: Manage risk that occurs from systems failure or inadequate processes - Reputational Risk Management: Identify, monitor, and assess risks to brands - Response Management: Planning and managing of resources and procedures to mitigate the impact of events and incidents - Risk Analysis: Analyze potential risks across the organization - Risk Assessment: Initiate collection and analysis of known risks - Risk Management: Process of identifying, evaluating, mitigating, addressing and reporting on potential risks or uncertainties - Risk Reporting: Reporting of risks associated with specific actions, events, or entities - Risk Scoring: Assess and score risks using risk matrices - Sourcing Management: Negotiate best prices and choose the right vendor for various purchases - Vendor Master Data Management: Create and maintain quality vendor data through data validation, maintenance, and audit trails to ensure proper compliance and sourcing --- Get Advice We can help you find the software with the features you need. ## Pricing Free Trial Free Version Basic ₹750.00 Per User,Per Year Connect with a Capterra advisor for a free 15-minute consultation Get a personalized software list aligned to your business needs with guidance from our expert advisors. Our team has helped 1 million+ businesses like yours find options that fit their needs. ## Support, customer service and training options Support - Email/Help Desk - FAQs/Forum - Knowledge Base - Phone Support - 24/7 (Live rep) - Chat Training - In Person - Live Online - Webinars - Documentation - Videos Deployment - Web - Android - iPhone/iPad Typical users - Freelancers - Small businesses - Mid size businesses - Enterprises ## Top-rated software of 2026 ### Fill out the form and we'll send a list of the top-rated software based on real user reviews directly to your inbox.