The Third-Party Risk Management Platforms Landscape, Q4 2023

You can use third-party risk management (TPRM) platforms to catalog, classify, and centralize risk information for all third-party relationships; identify, mitigate, and monitor for risks throughout the relationship lifecycle; and protect against disruption, revenue impact, and reputational risk. But to realize these benefits, you’ll first have to select from a diverse set of vendors that vary by size, type of offering, geography, and use case differentiation. Risk and compliance pros should use this report to understand the value they can expect from a TPRM vendor, learn how vendors differ, and investigate options based on size and market focus.