Best Third Party & Supplier Risk Management Software & Solutions in 2023

Risk Cloud® is a no-code governance, risk, and compliance (GRC) platform that scales and adapts to your changing business needs and regulatory requirements. It combines a suite of purpose-built Applications with intuitive technology that allows risk professionals to form, evolve, and communicate a market-leading risk strategy.

BitSight transforms how organizations manage cyber risk. The BitSight Security Ratings Platform applies sophisticated algorithms, producing daily security ratings that range from 250 to 900, to help organizations manage their own security performance; mitigate third party risk; underwrite cyber insurance policies; conduct financial diligence; and assess aggregate risk. BitSight’s solutions for Security Performance Management, Third Party Risk Management, Critical National Infrastructure, and Cyber Insurance are further bolstered by partnerships with Solactive, Refinitiv and Kovrr, broadening BitSight’s offerings for investors and cyber insurers as cybersecurity ratings continue to demonstrate a strong correlation to business performance. BitSight is the Standard in Security Ratings with over 2,400 global customers, including 20% of the Fortune 1000, and the largest ecosystem of users and information. The BitSight Security Rating was also used by 20% of the world’s governments in 2020 and is currently available on over 40 million organizations worldwide.

Dow Jones Risk & Compliance is a global provider of third party risk management and regulatory compliance solutions. Working with clients across the globe, we have created products and services to help companies evaluate third party risks faster and with more confidence.

Diligent HighBond strengthens an organization's governance practices by leveraging powerful analytics, robotic process automation, and unparalleled industry data to provide the board and c-suite with relevant insights from across risk, compliance, audit and ESG—all in one place. This single source of truth gives leaders a holistic view of their organization, the ability to make better decisions, and a platform where they can securely and efficiently collaborate, allowing them to meaningfully modernize their governance practices for better results.