List of the Top 11 Free Vendor Risk Management Software in 2025

Responsive, previously known as RFPIO, stands at the forefront of strategic response management software, revolutionizing the manner in which organizations handle and disseminate vital information. Our cutting-edge platform, coupled with exceptional customer value initiatives, enables businesses to foster growth, reduce risks, and enhance overall employee satisfaction. By utilizing Responsive, frontline teams can provide outstanding responses, leveraging advanced technologies that enable swift, precise, and automated management of RFPs, RFIs, security questionnaires (VSQs), due diligence questionnaires (DDQs), risk assessments, and other intricate information requests (RFXs). This transformation not only streamlines processes but also allows teams to focus on more strategic initiatives, ultimately leading to improved organizational efficiency.

Vendor management software developed by Anders Norremo is outstanding for monitoring vendors along with their security vulnerabilities and strengths. Additionally, a paid service option is offered for enhanced features and support.

C1Risk is a leading technology firm specializing in a cloud-based platform that focuses on AI-driven enterprise risk and compliance management. Our mission is to simplify the intricate world of risk management, enabling organizations to foster and sustain the confidence of their stakeholders. C1Risk establishes a benchmark for risk-centric companies, offering a comprehensive array of solutions at a single, competitive price. Our platform includes a robust GRC Regulations and Standards Library, Policy Management, Compliance Automation, and Enterprise Asset Management. Additionally, it features a Risk Register and Risk Management tool, along with auto-calculated inherent and residual risk scoring. Other key components include Issue Management, Incident Management, Internal Audit, Vulnerability Management, Vendor Onboarding and Security Review, and Vendor Risk Scorecards. We also provide REST API Integrations to enhance connectivity and functionality. C1Risk is committed to delivering an effective and user-friendly experience for all clients.

CanQualify serves as a bridge between clients and suppliers who have been thoroughly vetted according to your specific needs. Our mission is to enhance the safety culture within organizations while simultaneously lowering expenses. Additionally, we aim to foster stronger partnerships between clients and their suppliers. With CanQualify, hiring clients can confidently ensure that their vendors, contractors, and suppliers adhere to safety and sustainability standards. Our platform not only confirms compliance within your current supplier network but also connects you to a wider array of suppliers in our extensive database, thereby streamlining the procurement process and saving valuable time and resources. Intuitive and innovative, our platform is designed for ease of use, allowing you to verify that your vendors, contractors, and suppliers align with your criteria. Moreover, clients can efficiently compare and manage their pre-qualified suppliers, making it easier to select the most competent and suitable supplier for their specific projects. This comprehensive approach not only enhances operational efficiency but also contributes to building a more sustainable and reliable supply chain.

Third-party risk management (TPRM) establishes a comprehensive framework to assess and reduce the risks organizations encounter through their relationships with external entities. These external entities typically encompass vendors, clients, joint ventures, counterparties, and other related parties. Partnering with third parties can lead to significant enterprise risks, particularly as the number of collaborations grows, regulatory oversight intensifies, and the complexity of cyber threats increases. Consequently, organizations are placing greater emphasis and resources on understanding and addressing the potential dangers linked to these third-party connections. Although such affiliations can foster agility and competitiveness in the global marketplace, they also allow companies to delegate essential functions, enabling them to focus on their primary competencies. Nonetheless, the benefits associated with third parties are accompanied by substantial risks, including the threat of cyberattacks, interruptions to business continuity, and potential harm to reputation, all of which can critically affect a company's overall viability. Therefore, it has become vital for businesses to strike a careful balance between the advantages and hazards of third-party relationships to ensure effective enterprise risk management. In this evolving landscape, organizations must remain vigilant and proactive in their risk assessments to safeguard their interests and sustain long-term success.

Gain a deeper understanding of your worldwide supply chain and the critical risks it entails by leveraging the Prewave risk intelligence platform. Focusing on both regional and local sources, Prewave provides extensive global insights. By examining texts in their native languages, the platform gains a more detailed and accurate comprehension of various risk elements. Through the use of predictive analytics, users are alerted to potential risk events prior to their occurrence. Prewave Alerts consist of carefully organized data points that include all pertinent attributes. Monitor and analyze the key elements of your supply and logistics chains for possible disruptions, including suppliers, transportation centers, and sources of raw materials. Evaluate suppliers with real-time, current data to bypass the delays often associated with conventional financial and credit assessments. This guarantees that you fully understand a supplier's status before making decisions, enabling smarter and more strategic choices. Furthermore, utilizing Prewave empowers organizations to not only manage supply chain risks proactively but also to bolster their operational resilience against unforeseen challenges. By prioritizing risk awareness, companies can ensure smoother operations and maintain a competitive edge in the market.

RiskProfiler utilizes advanced AI technology to uncover hidden risks and enhance your brand's reputation while improving its cyber risk rating. By monitoring your online presence across the dark web, surface web, and deep web, RiskProfiler empowers you to address shadow risks proactively, staying a step ahead of potential hackers. It gathers detailed reconnaissance data that aids in identifying and mapping your organization's digital footprint effectively. The tool organizes assets according to their unique fingerprint data, facilitating a clearer understanding of vulnerabilities. Additionally, RiskProfiler features a proprietary attack simulator that executes passive scans, detecting security issues associated with each asset without the need for complex installations or interruptions to business functions. With the integration of AI models, it minimizes false positives and delivers practical insights based on prevailing threats throughout various web layers, ultimately helping your organization bolster its cybersecurity posture. By leveraging these capabilities, you can maintain a robust defense against emerging cyber threats and ensure your digital assets remain secure.

Tandem serves as a comprehensive online platform that alleviates the challenges associated with regulatory compliance while enhancing your security framework. This integrated solution is designed to collaborate closely with you, ensuring that your organization's insights and requirements are effectively aligned. Developed by experts in information security, Tandem provides software that aids in the organization, management, and oversight of your information security initiatives. With Tandem, you can efficiently navigate new guidelines, track data, and create structured reports. You'll be pleasantly surprised by the capabilities that emerge when you utilize the right tools tailored for your needs, ultimately elevating your organization's security and compliance efforts.

SecurityScorecard has positioned itself as a leader in cybersecurity risk evaluation. By accessing our latest materials, you can gain insights into the changing dynamics of cybersecurity risk assessments. Explore the core principles, methodologies, and procedures that shape our cybersecurity ratings. For a thorough understanding of our security rating framework, don’t forget to check the data sheet provided. You can easily claim, enhance, and monitor your customized scorecard at no charge, which helps in pinpointing weaknesses and crafting improvement strategies over time. Start your journey by creating a free account and receive personalized enhancement recommendations tailored to your needs. Through our detailed security ratings, you can gain a complete view of any organization's cybersecurity posture. Additionally, these ratings serve multiple purposes, including risk and compliance monitoring, conducting due diligence for mergers and acquisitions, evaluating cyber insurance, enriching data, and providing high-level executive reporting. This comprehensive strategy equips organizations to stay proactive and resilient in the constantly changing world of cybersecurity threats. Ultimately, embracing this approach fosters a culture of continuous improvement and vigilance in managing cybersecurity risks.

Tailored automated risk assessments that align with your individual risk tolerance are crucial for the effective management of risks associated with third-party vendors. With RiskRecon, you can obtain thorough evaluations of vendor performance that support comprehensive risk oversight, offering clarity and contextual information crucial for understanding each vendor's risk profile. The platform streamlines the workflow, enabling smooth interactions with vendors and enhancing overall risk management results. By leveraging the extensive knowledge that RiskRecon possesses about your systems, you can achieve ongoing, unbiased visibility across your entire internet risk landscape, encompassing managed, shadow, and neglected IT assets. Additionally, you will be equipped with in-depth information about each system, including a complex IT profile, security configurations, and details regarding the types of data vulnerable in every system. The asset attribution that RiskRecon provides is independently validated, boasting an outstanding accuracy rate of 99.1%. This exceptional level of precision allows you to rely on the insights delivered for making well-informed decisions and formulating effective risk mitigation strategies. Ultimately, this comprehensive approach empowers organizations to navigate their risk landscape with confidence and clarity.

Auditive operates as a Third-Party Risk Management (TPRM) platform that provides continuous monitoring, instilling a new level of confidence in interactions between buyers and sellers. Utilizing an innovative network model, Auditive diminishes the burden of risk assessments by 80% for both enterprises and their suppliers. Consequently, buyers are able to perform third-party risk evaluations up to four times faster, keep a constant eye on potential risks within their vendor portfolios, and gain nearly instantaneous insights into third-party risks, resulting in an impressive 35% increase in vendor response rates. Meanwhile, sellers benefit from avoiding cumbersome questionnaires, which allows them to focus on value-adding initiatives while also demonstrating their security standards within the Auditive network to build customer trust. Additionally, the platform supports assessments grounded in industry-specific frameworks, leading to more accurate risk evaluations. Auditive seamlessly integrates into procurement and productivity workflows, enabling rapid onboarding and ongoing monitoring of all vendors within a single, centralized location, which ultimately boosts overall efficiency and collaboration. This all-encompassing strategy not only enhances third-party risk management efforts but also positions Auditive as an essential tool for businesses aiming to optimize their operations and protect their interests. With its user-friendly interface and robust features, Auditive is redefining the landscape of risk management for organizations of all sizes.