SafetyCulture
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Third Party Risk Management

Empower your team to assess all potential risks from third parties, implement vendor risk mitigation strategies, and cohesively respond to vendor-related issues. Centralize vendor performance data management and gain insights into overall performance, all in one platform.

An organization doing a vendor vetting using a third part risk management software

Trusted by over 1 million workers and leaders worldwide

Establish standardized vendor risk assessments

Assess all potential risks from third parties with a consistent, organization-wide approach. Create uniform risk assessments, evaluating vendors against clearly defined criteria. Streamline vendor onboarding by ensuring all organizations meet your compliance and risk standards from the start. Reduce delays, enhance controls, and protect your business by effectively catching vulnerabilities.

Develop vendor risk mitigation strategies

Design and execute targeted plans to address identified third-party issues. Implement these strategies seamlessly across your organization, ensuring proactive vendor risk reduction. Monitor the effectiveness of your efforts in real time, allowing the organization to adjust internal policies as needed.

Enhance team collaboration during vendor issue response

Respond faster to threats, mitigate risks more effectively, and involve all relevant teams by
improving inter-departmental coordination in managing emerging third-party risks. Streamline communication, share real-time data, and ensure all departments work in sync to address issues efficiently.

Integrate compliance checks within vendor management

Protect your organization from legal and operational risks throughout the entire partnership. Automate compliance checks and keep vendors aligned with industry standards and regulatory requirements across multiple jurisdictions. Monitor changing regulations and enforce adherence to applicable laws preventing compliance risks before they escalate.

A versatile third party risk management tool

Vendor Risk Assessment

Contract & SLA Management

Supply Chain Risk Management

Third Party Onboarding & Vetting

Vendor Performance Tracking

Risk Scoring & Prioritization

Business Continuity Planning

Outsourcing Risk Management

Operational Risks Mitigation

Incident Reporting & Resolution

Fraud Detection & Prevention

Compliance Management

Improve your risk management today

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SafetyCulture is the best solution for third party risk management

Streamline governance, risk, and compliance processes

Standardize, simplify, and automate GRC activities in one platform to ensure compliance and enhance organizational risk management. Efficiently capture field insights with digital checklists, audits, and risk assessments, and use these data to respond to incidents as they happen.

Improve third party operations oversight

Maintain control over third-party activities with ease. Gain complete visibility into vendor operations through seamless integration of multiple platforms. Track vendor performance, monitor risks, and receive real-time alerts when thresholds are breached.

Measure and analyze vendor risk performance

Get data-driven insights using the analytics dashboard to make informed decisions and set performance benchmarks. Analyze multiple risk factors, identify emerging issues, and address risks proactively to strengthen your vendor risk management process.

Get unparalleled support from trusted advisors

Get up and running fast with dedicated onboarding support to meet your unique business needs. Our team of experts will help you navigate complex challenges and enhance operational efficiency with ongoing success support.

“Being able to demonstrate to the insurance company the things we’ve done, and the risk improvements we put in place to make us a safer workplace has helped us save on insurance premiums for the last two years, when premiums were on the increase.”

Mark Murphy
Chief Risk Officer, Donaldson Group
Read success story
Goldcorp mining

Explore more resources

Mastering Third Party Risk Management (TPRM): Best Practices for Compliance and Security

By Eunice Arcilla Caburao

Supplier Risk Mitigation: Protecting Business Continuity

By Eunice Arcilla Caburao

Understanding the Importance and Process of Supplier Management

By Patricia Guevara

Supplier Selection: Find and Keep the Right Supplier

By SafetyCulture Content Team

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Frequently Asked Questions

What is the meaning of third party risk management?

How do you mitigate third party risks?

What types of risks can be monitored and managed using third party management software?

Is the software scalable for growing organizations with an expanding vendor base?

Can the software generate custom reports for different stakeholders?