Operlity gives compliance, procurement, and security teams a unified platform to manage their entire third party landscape — from vendor profiles and contracts to risk assessments and treatment — so third party risk is governed with the same rigor as internal risk.
growing sources of organizational risk — and one of the hardest to manage systematically:
third party information scattered across procurement systems, shared drives, and email threads with no single source of truth
vendor onboarding handled differently across teams, with no standardized risk assessment process or minimum requirements
no structured view of which vendors have access to which systems, data, or processes — making impact assessment during an incident nearly impossible
third party risk assessments happen at onboarding and annually at best, leaving significant gaps in ongoing monitoring
contracts, SLAs, and key contacts managed separately from risk data, creating disconnected vendor records
knowing your vendors and governing the risk they represent — brought together in a single, structured platform.
maintain a comprehensive catalog of every third party relationship, with structured profiles covering organizational details, key contacts, active contracts, and engagement scope
document what each vendor does, what systems and data they access, and what business processes they support — so risk assessments are grounded in actual exposure
maintain a dedicated risk register for third party risks, linked directly to the vendors and engagements they relate to
conduct structured risk assessments for vendors at onboarding and throughout the relationship lifecycle, with configurable questionnaires, scoring, and reviewer workflows
track third party risks from identification through assessment, treatment, and closure with full audit trails and ownership accountability
| Feature | Description |
|---|---|
| Third Party Catalog | Centralized vendor profiles with organizational details, contacts, contracts, and engagement documentation |
| Contract & Engagement Tracking | Log contracts, SLAs, renewal dates, and engagement scope for every vendor relationship |
| Third Party Risk Register | Dedicated risk register linked to specific vendors and engagements for full context |
| Assessment Questionnaires | Configurable risk assessment questionnaires sent directly to vendors or completed internally |
| Risk Scoring & Tiering | Score and tier vendors by risk level to prioritize assessment frequency and oversight intensity |
| Treatment Plan Management | Define and track remediation plans for third party risks with ownership, milestones, and closure evidence |
ISO 27001 GDPR DPDPA PCI DSS HIPAA NIST CSF SOC 2 Operlity maps third party risk assessments and controls directly to the framework requirements that mandate vendor risk management — so your TPRM program contributes directly to your compliance posture.
Deployment: cloud, on-premises, or hybrid — your data, your environment, your terms.
most tools handle either vendor management or risk assessments; Operlity connects both so your risk data is always grounded in actual vendor context
conduct assessments at onboarding, periodically, and on-demand — with a full history of every assessment result for every vendor
every third party risk in Operlity is traceable back to the vendor, the engagement, and the assessment that surfaced it — giving you the audit trail regulators and auditors expect