Third Party Risk Management Suite

Modernizing Third-Party Risk Management

Reduce vendor risk and strengthen supply chain resilience with a connected platform that brings visibility, automation, and accountability to third-party relationships. SmartSuite simplifies due diligence, monitoring, and compliance — helping you manage risk at scale.

One Platform for Connected Third-Party Risk Management

SmartSuite unifies all third-party risk management processes — from onboarding and due diligence to ongoing monitoring and remediation. With built-in automation and real-time analytics, organizations can ensure compliance, reduce risk exposure, and maintain trust across their vendor ecosystem.

Vendor Onboarding

Centralize assessments, approvals, and documentation for faster onboarding.

Risk Assessment

Evaluate and score vendor risks using configurable frameworks.

Continuous Monitoring

Track performance, compliance, and changes in risk posture over time.

Remediation & Reporting

Automate issue tracking, follow-ups, and risk mitigation actions.

Solutions in the Third-Party Risk Management Suite

SmartSuite provides an end-to-end solution for managing vendor risk, compliance, and performance. Every workflow — from onboarding to offboarding — is connected, automated, and fully auditable.

Identify, assess, and mitigate risks across your organization.

Connect risk data across business units, IT systems, and vendors. Link risks to controls, tests, and corrective actions for real-time visibility into your risk posture.

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Centralize Vendor and Risk Data

Unify all vendor records, risk profiles, and assessments in a single, searchable workspace. SmartSuite provides a complete picture of your third-party ecosystem.

Highlights:

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    Linked records for vendors, contracts, and assessments
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    Configurable fields for custom risk categories
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    Document storage with version control

Streamline Onboarding and Due Diligence

Accelerate onboarding without compromising compliance. Automate data collection, risk scoring, and approval workflows.

Highlights:

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    Customizable onboarding templates and questionnaires
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    Automated due diligence workflows and alerts
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    Integrated approval routing with audit history
OVERVIEw VIDEO

See Third-Party Risk Management in Action

Watch how SmartSuite connects every part of third-party risk management — from onboarding to continuous monitoring — in one integrated platform.

Watch Video
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Evaluate and Monitor Risk Continuously

Move from point-in-time assessments to continuous oversight. SmartSuite automates vendor performance and compliance monitoring.

Highlights:

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    Scheduled reassessments and trigger-based reviews
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    Real-time dashboards for risk exposure
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    Integrations with external risk and compliance data sources

Automate Issue Tracking and Remediation

Stay on top of issues across all third parties. Track findings, assign owners, and automate follow-ups until resolution.

Highlights:

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    Linked findings, tasks, and remediation records
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    Automated status tracking and notifications
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    Evidence collection and audit-ready logs

Gain Full Visibility Across the Supply Chain

Understand vendor performance and risk trends through real-time analytics and reporting.

Highlights:

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    Risk heatmaps and performance dashboards
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    Customizable reporting by risk type, geography, or tier
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    Executive summaries for leadership and regulators

Built for Modern Risk Teams

SmartSuite brings enterprise-grade GRC capability with consumer-grade usability. Choose the path that fits your program today and expand seamlessly over time.

Start Small

Adopt a Single Solution

Begin with ERM, Policy Management, or SOC 2 — prove value fast and grow from there.

Scale Confidently

Roll Out a Full Category

Enable Risk Management, Compliance Management, or Operational Resilience end‑to‑end.

Unify Everything

Deploy the Entire GRC Suite

Standardize governance with shared controls, common evidence, and real‑time insights across the enterprise.

Frequently Asked Questions

Answers to the most common questions about SmartSuite’s Third-Party Risk Management capabilities.

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See How SmartSuite Simplifies Third-Party Risk Management

Experience how SmartSuite centralizes vendor assessments, onboarding, and monitoring into one connected platform — improving visibility, collaboration, and risk response across your supply chain.

The Connected Value of SmartSuite Third-Party Risk Management (TPRM)

Quantifiable improvements achieved when organizations centralize vendor onboarding, due diligence, risk scoring, continuous monitoring, and remediation in SmartSuite.

33%
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Source: Shared Assessments TPRM Benchmarking Study, 2023 — integrated onboarding workflows reduced cycle time by 30–35%.

Faster Vendor Onboarding & Due Diligence Completion

Centralized assessments, automated questionnaires, and unified evidence collection shorten initial vendor onboarding cycles.

30%
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Source: Gartner Vendor Risk & Compliance Efficiency Report, 2023 — automation lowered manual assessment work by 25–32%.

Reduction in Manual Assessment & Follow-Up Effort

Automated reminders, tiered assessments, and standardized workflows significantly reduce repetitive vendor coordination tasks.

32%
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Source: Deloitte Extended Enterprise Risk Management Report, 2022 — centralized visibility improved risk decision-making by ~30%.

Improved Visibility Into Vendor Risk & Compliance Posture

Unified dashboards provide real-time insight into vendor tiering, inherent risk, residual risk, findings, and remediation progress.

35%
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Source: PwC Third-Party Governance Survey, 2023 — integrated TPRM programs decreased incident frequency by 30–40%.

Lower Risk of Vendor-Related Security & Compliance Failures

Digitized workflows, continuous monitoring, and structured remediation tracking reduce downstream operational and cybersecurity risks.

Key Benefits of the Third-Party Risk Management Solution Suite

Managing third-party risk requires clear visibility, standardized assessments, structured coordination, and robust compliance controls. SmartSuite unifies these workflows — enabling organizations to evaluate vendors consistently, reduce risk exposure, and strengthen supply chain governance.

Risk Visibility, Vendor Insights & Continuous Monitoring

Unified Vendor Risk Profiles

Centralize vendor data, risk ratings, contracts, assessments, findings, and performance history in one connected view.

Real-Time Risk Dashboards

Monitor risk levels, heat maps, review cycles, exceptions, and remediation progress across all vendors.

Cross-Functional Vendor Transparency

Give Procurement, Risk, Security, Legal, Finance, and Compliance shared visibility into vendor performance and obligations.

Ongoing Risk Monitoring

Use continuous review cycles, score updates, alerts, and integrated feeds to maintain real-time vendor risk posture.

Tiering & Criticality Scoring

Segment vendors into tiers based on criticality, data access, geography, and inherent risk.

Contract & Obligation Integrity

Connect risk obligations to contracts, SLAs, and compliance requirements for complete lifecycle oversight.

Assessment, Due Diligence & Workflow Efficiency

Automated Vendor Assessments

Route questionnaires, evidence requests, and review tasks with automated reminders and ownership assignments.

Standardized Due Diligence Frameworks

Use structured templates for security, privacy, financial, regulatory, and operational assessments.

Integrated Remediation Workflows

Track findings, assign corrective actions, and automate follow-up to ensure timely closure.

Vendor Intake & Triage Automation

Collect intake data, score vendor requests, and streamline review paths based on risk tier and category.

Document & Evidence Management

Centralize attestations, certifications, SOC reports, and compliance artifacts with version control.

AI-Assisted Vendor Summaries

Generate vendor risk summaries, due diligence briefs, or remediation snapshots using AI Assist.

Governance, Compliance & Extended Enterprise Confidence

Audit-Ready Risk & Compliance Trails

Every update, decision, submission, and remediation action is recorded automatically for complete traceability.

Regulatory Alignment Across Frameworks

Support requirements from ISO 27001, SOC 2, NIST, GDPR, HIPAA, FFIEC, OCC, and other regulatory bodies.

Policy & Control Enforcement

Ensure third-party requirements, contracts, and SLAs align with internal policies and standards.

Vendor Lifecycle Governance

Manage onboarding, monitoring, renewal, and offboarding with structured workflows and controlled approvals.

Secure Vendor Permissioning

Protect sensitive data using role-based permissions, encrypted communication, and secure evidence upload.

Scalable Across Global Supply Chains

Support large vendor ecosystems, international suppliers, and multi-region compliance requirements on one platform.

Build Stronger, More Transparent Vendor Relationships

SmartSuite helps organizations streamline third-party risk processes, reduce manual work, and improve cross-department collaboration — creating a more resilient and compliant vendor ecosystem.

How the SmartSuite Platform Powers Third-Party Risk Management

SmartSuite unifies vendor data, risk assessments, and compliance tracking into one platform — providing full transparency and control over third-party relationships. Automations, AI, and real-time dashboards make vendor oversight seamless and auditable.

No-Code Configuration

Design assessment forms, approval workflows, and vendor registers without technical resources.

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Example:
A Risk Manager adds new due diligence fields for cloud vendors to capture SOC 2 and ISO certification details.
Automation Engine

Automate vendor onboarding, reassessment scheduling, and risk scoring notifications.

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Example:
When a vendor’s risk score exceeds a threshold, SmartSuite triggers an alert and assigns a review task to the appropriate analyst.
AI Assist for Vendor Risk

Generate summaries, flag inconsistencies, and create executive reports automatically.

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Example:
AI Assist summarizes vendor responses from questionnaires and highlights potential compliance gaps for faster review.
Linked Record Architecture

Connect vendor profiles, risk assessments, and issues to create a full vendor lifecycle view.

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Example:
Each vendor record links to contracts, performance metrics, and audit findings, providing a single source of truth.
Dashboards & Analytics

Monitor risk exposure, vendor performance, and compliance trends in real time.

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Example:
Executives review a dashboard showing high-risk vendors, overdue reassessments, and pending corrective actions.
Integrations & APIs

Connect SmartSuite with procurement, ERP, and compliance tools to sync vendor data and automate processes.

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Example:
Risk ratings from a third-party scoring platform (e.g., BitSight/SecurityScorecard) sync to vendor records in SmartSuite’s TPRM module.

Centralize Vendor Risk and Compliance Data

SmartSuite consolidates vendor profiles, assessments, and documentation into one connected workspace. Teams can access complete vendor histories, including certifications, incidents, and performance metrics, ensuring no detail is overlooked.

Powered by :
Linked Record Architecture
No-Code Configuration

Automate Assessments and Review Workflows

SmartSuite’s automation engine routes questionnaires, reminders, and reassessment schedules automatically. Vendor owners and risk teams receive notifications when reviews or attestations are due, ensuring consistent and timely risk oversight.

Powered by :
Automation Engine
Notifications Framework

Visualize Risk Exposure and Performance

Dashboards provide real-time insights into vendor risk across categories, regions, and criticality levels. Leaders can quickly identify high-risk vendors, overdue mitigations, and compliance trends across the supply chain.

Powered by :
Dashboards
Analytics Engine

AI Assist and Audit Readiness Simplify Oversight

AI Assist accelerates vendor documentation and reporting, while SmartSuite’s built-in audit trails ensure every decision and assessment is traceable. Teams can export complete evidence logs for auditors with one click.

Powered by :
AI Assist
Audit Logs

The SmartSuite Platform:
Powered by Eight Interconnected Frameworks

The SmartSuite Platform consists of eight interconnected frameworks that provide a foundation for designing, automating, analyzing, and governing connected workflows.

Security and Governance, Built for Enterprise Scale

SmartSuite provides fine-grained, role-based permissions that protect data without slowing innovation.
Define access down to the record, field, or workflow level, enforce compliance with SSO, 2FA, and IP restrictions, and maintain a complete audit trail of every action.
With SmartSuite, governance and agility work together — innovation moves fast, and your security moves with it.

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Role-Based Access

Control visibility by user, role, or team.

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Authentication

SSO, 2FA, and IP restrictions built-in.

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Audit History

Track every change for 3+ years.

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Compliance

SOC 2, GDPR, and enterprise governance ready.

Work Seamlessly — Anytime, Anywhere, on Any Device

Stay connected and productive wherever you are.
SmartSuite works flawlessly across web, tablet, and mobile, so your team can manage projects, collaborate, and automate workflows in real time — whether in the office, remote, or on the go.

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The Platform That Connects Risk, Procurement, and Compliance

SmartSuite unites vendor data, assessments, and reporting within one secure platform.
Automate workflows, integrate with ERP and procurement systems, and gain full visibility into third-party performance and compliance.

Role-Based Capabilities for Third-Party Risk Management

SmartSuite enables every participant in the third-party lifecycle — from executives to analysts — to onboard, monitor, and mitigate vendor risk seamlessly. Each role uses automation, dashboards, and connected data to ensure transparency, compliance, and trust across the supply chain.

Executive Leadership

Risk & Compliance Leadership

Built for Every Role in Third-Party Risk Management

Whether you’re a Vendor Risk Manager, Compliance Officer, or Procurement Leader, SmartSuite gives you the visibility, workflows, and insights needed to manage vendor risk collaboratively and effectively.

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Flexible Pricing Designed for Every Organization

Whether you’re a growing team or a global enterprise, SmartSuite’s pricing adapts to how your business works.
Choose platform-wide access with user-based pricing or tailor licenses to your organization’s scale and structure with our solution-based model.

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User-Based Pricing

provides access to the entire SmartSuite platform under one per-user license, perfect for connected
workflows across teams and departments.

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Solution-Based Pricing

is purpose-built for enterprises with thousands to tens of thousands of users, offering the flexibility
to license only the specific SmartSuite Solutions needed for scale, compliance, and control.

User-Based Pricing: Simplify Access Across Every Team

Our Team, Pro, and Enterprise plans make it easy to scale access across your organization. Each licensed user
can access all SmartSuite solutions — with predictable pricing that grows as you do.

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    One per-user license for all SmartSuite solutions.
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    Ideal for organizations connecting workflows across departments.
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    Seamlessly scalable across teams and business functions.
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    Available in Team, Pro, and Enterprise plan tiers.
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Ideal For:
Small to mid-sized businesses or companies deploying SmartSuite across multiple teams who value simplicity and
unified access.
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Team
$12
seat / month
Total $36 / month billed annually
For teams that need a better way to manage workflows
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    SmartSuite AI
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    Min 3 Billable Users
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    Unlimited Solutions
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    5,000 Records per Solution
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    50GB of File Storage
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    30 Days Recycle Bin
Professional
$24
seat / month
Total $90 / month billed annually
For teams and departments who need more advanced features to manage their workflows.
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    SmartSuite AI
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    Min 5 Billable Users
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    Unlimited Solutions
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    100,000 Records per Solution
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    100GB of File Storage
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    45 Days Recycle Bin
Included Team Plan plus:
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    Folders
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    Gmail and Outlook Integrations
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    Advanced Permissions
Enterprise
$45
seat / month
Total $135 / month billed annually
For organizations that need scalable workflows with advanced features, security, and support.
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    SmartSuite AI
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    Min 10 Billable Users
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    Unlimited Solutions
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    400,000 Records per Solution
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    500GB of File Storage
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    60 Days Recycle Bin
Included Professional Plan plus:
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    SSO
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    SCIM User Provisioning
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    SCIM-Synced User Groups
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    Audit Logs
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    IP Address Restrictions
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    Data Loss Prevention (DPL)
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    European Data Residency
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    Premium Support

Solution-Based Pricing: Purpose-Built for Enterprise Scale

For global organizations and regulated industries requiring complex governance or large-scale rollouts, SmartSuite offers a Solution-Based pricing model. This model allows enterprises to license specific SmartSuite Solutions — such as GRC, ITSM, or Procurement — for tens of thousands of users, tailored to their exact needs.

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    Tailored Licensing — Structure licenses by department, region, or regulatory requirement.
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    Purpose-Built for Scale — Designed for enterprises managing thousands of users.
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    Customizable Agreements — Includes the ability to tailor terms and access levels to meet unique business needs.
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    Enterprise Confidence — Built for large financial institutions, insurers, and global enterprises who require high-performance
    and governance.
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Example:
A global bank licenses SmartSuite’s GRC Solution Suite for 12,000 users across multiple regions, integrating risk, compliance, and audit functions on a secure, unified platform — all within a tailored license framework that meets regulatory and performance requirements.
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GRC Solution Suite
Audit Management
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    Audit Management
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    Issues Management
Operational Resilience
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    Operational Resilience
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    Business Impact Analysis (BIA)
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    Incident Management
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    Crisis Management
Risk Management
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    Enterprise Risk Management:
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    Third-Party Risk
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    Vendor Portal
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    Cyber Threat Management
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    RCSA (Risk & Control Self-Assessment):
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    Issues Management
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    Business Structure
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    Contract Management
Compliance Management
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    Policy Management
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    Regulatory Change Management
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    SOC 2 Compliance
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    CRI Profile Compliance
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    Control Framework & Regulatory Libraries
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    Compliance Assessments & Testing
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    ESG & Sustainability Management

Compare Our Pricing Models

Access
Pricing Basis
Plans
Ideal For
Scalability
Governance
Flexibility
User-Based Pricing
All SmartSuite Solutions
Per active user license
Team, Pro, Enterprise
Growing businesses, cross-team workflows
Add users instantly
Standard platform permissions
Unified platform access
Solution-Based Pricing (Enterprise)
Licensed Solutions Only
Per solution license
Enterprise-only, tailored
Large-scale or regulated enterprises
Add new solutions as needed
Enterprise-grade compliance and controls
Tailored by solution, region, or compliance scope

Frequently Asked Questions

Answers to common questions about SmartSuite’s pricing models, plan options, and onboarding programs.

What are the different SmartSuite plan types?

SmartSuite offers four plan types: Team, Pro, Enterprise, and Signature.

  • Team, Pro, and Enterprise Plans use a per-user pricing model with feature and usage limits designed to scale as your organization grows.
  • Signature Plan provides per-solution pricing for enterprises that need to license specific SmartSuite Solutions — such as GRC, ITSM, or Procurement — for large user populations with advanced governance and support requirements.
How does the Signature Plan differ from other plan types?

You can start by filling out the partner program registration form here.

Are there limits on automations, API calls, or usage?

By signing up to the Service Provider Partner Program you agree to our terms and conditions.

What onboarding, training, and support services are included?

There is no cost. However, there are additional eligibility requirements to join.

First, you must be a customer of SmartSuite to be eligible to participate in the Service Provider Partner program. We believe it is important for all of our partners to be active SmartSuite users (minimum 5 active account members). It’s difficult to recommend a SaaS product that you do not see value in using yourself!

Additionally, you must have 15+ employees and $1.5M in annual revenue to join our network of solution partners.

Can SmartSuite provide customized pricing for complex organizations?

You will be able to work leads through your sales process to a closed-won or closed-lost state.

How can I get a customized quote for my organization?

You will be able to work leads through your sales process to a closed-won or closed-lost state.

Flexible Pricing for Growing Risk and Procurement Teams

SmartSuite offers scalable pricing options tailored to your vendor management needs. Choose between per-user or per-solution models — designed to grow with your organization’s risk and compliance programs.

Featured Resources

Explore through leadership, case studies, and insights from financial services leaders.

Webinar
Modern GRC for Banking - From FFIC CAT to CRI Profile
Watch
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eBook
Building a Connected Risk & Resilience Program for Financial Sergices.
Read
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Case Study
How SmartSuite Powers the CRI Profile
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eBook
Building a Connected Risk & Resilience Program for Financial Sergices.
Read
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Blog
AI in Banking Compliance: What’s Next for 2026
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Webinar
Modern GRC for Banking - From FFIC CAT to CRI Profile
Watch
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Blog
AI in Banking Compliance: What’s Next for 2026
Read
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Blog
AI in Banking Compliance: What’s Next for 2026
Read
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OVERVIEw VIDEO

See Third-Party Risk Management in Action

Watch how SmartSuite connects every part of third-party risk management — from onboarding to continuous monitoring — in one integrated platform.

Watch Video
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Trusted by Over
2,000 Organizations Worldwide

Flom Global enterprises to innovative startups, SmartSuite helps organizations in every industry modernize their workflows, strenghten governance, and deliver measurable results.

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Access detailed information on SmartSuite’s security architecture, compliance certifications, data protections, and enterprise-grade governance practices.
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Getting Started with SmartSuite

Resources to Help You Strengthen Compliance and Reduce Risk

Explore guides, webinars, and customer stories that show how leading organizations use SmartSuite to streamline vendor onboarding, automate assessments, and ensure compliance with confidence.