Third-Party Risk Management
Gain a holistic, real-time view of third‑party risks while accelerating new vendor onboarding, assessment, and risk mitigation workflows.
- Identify top risks with automatically aggregated third‑party intelligence.
- Save time with standardized questionnaires and automated outreach.
- Accelerate mitigation response, track progress, and quantify impact.
Outcomes at a Glance
77%
Time Savings Onboarding New Vendors
+$250k
Annual Savings through Automation
25%
Less Time on Risk Identification
*Based on LogicGate customer case studies
Key Capabilities and Product Features
Stay on top of third-party risks by centralizing onboarding, assessment, and mitigation workflows — then automatically aggregate and summarize risk data.
Streamline third-party assessments by automating the sending, tracking, and reviewing of pre-built questionnaires aligned to standards like SIG, NIST, and CAIQ.
Securely and easily collaborate externally through controlled third-party access to Risk Cloud® questionnaires without paying for additional user licenses.
Strategically manage third parties while substantiating program performance with role‑based dashboards and reports that financially quantify the impact using Risk Cloud Quantify®.
Third-Party Risk Management Solution
From applications and integrations to frameworks and regulations, we partner with your risk team to build a solution that evolves with your changing business needs.
Top-Rated GRC Solutions from Industry Experts
LogicGate named a Leader in The Forrester Wave™: Governance, Risk, and Compliance Platforms, Q4 2023 report. LogicGate’s user experience was listed as “second to none.”
For the 22nd consecutive quarter, LogicGate has been recognized as a leader in G2’s Winter 2025® Report for ERM (formerly the GRC Platform Grid)
“LogicGate’s vision centers on the urgency to automate, scale, and mature TPRM programs with a well-funded innovation strategy focused on solving fewer, but bigger, problems for customers.”
Frequently Asked Questions
Third-party vendor risk management involves identifying, assessing, and mitigating risks that arise from working with external vendors or service providers. Risk Cloud®’s TPRM Solution helps organizations evaluate and monitor the security posture of their vendors to ensure they meet regulatory standards and maintain acceptable levels of risk.
A TPRM framework is a structured approach that organizations use to assess, manage, and mitigate risks posed by external vendors. Risk Cloud provides customizable TPRM workflows that enable businesses to automate vendor assessments, track compliance with industry standards like ISO 27001 and NIST, and manage risks throughout the vendor lifecycle.
Our TPRM Solution automates the entire process of managing vendor risks. It allows organizations to send risk assessment questionnaires, track responses, assess risks, and continuously monitor vendor performance.
Yes! Assessments and questionnaires can be built in Risk Cloud to conditionally hide or display questions. Organizations can use this flexibility to automatically tailor questionnaires to the vendor based on previously inputted vendor information.
LogicGate is a Leader in the Forrester Wave for Third-Party Risk Management. Risk Cloud offers comprehensive features such as automated risk assessments, continuous monitoring, and flexible governance frameworks, meeting the high standards analysts expect from top-performing TPRM solutions.
Resources
Vendor risks aren't slowing down. You shouldn’t either. Learn how to manage your third parties better.