Managing third-party compliance is critical for businesses dealing with regulations like SOC 2, GDPR, HIPAA, and ISO 27001. To simplify this process, here are 7 tools that can help you monitor risks, automate reporting, and ensure regulatory compliance:
- BitSight: Security ratings and real-time monitoring for proactive risk management.
- OneTrust: Supports 50+ frameworks with automated assessments and pre-vetted vendor profiles.
- Sprinto: Automates evidence collection and compliance across 20+ frameworks.
- MetricStream: Tracks 50,000+ regulatory updates annually with AI-driven insights.
- Scrut: AI-powered risk scoring and automated control testing.
- Cycore Secure: Tiered vendor management and GRC tool integration.
- Risk Hawk: Live compliance dashboards and task automation.
Quick Comparison
| Tool | Frameworks Supported | Key Features | Integration Examples |
|---|---|---|---|
| BitSight | SOC 2, GDPR, NIST | Security ratings, continuous monitoring | ServiceNow, AWS, Sentinel |
| OneTrust | SOC 2, GDPR, CCPA | Pre-vetted profiles, AI assessments | SAP, Salesforce, Azure |
| Sprinto | SOC 2, ISO 27001, HIPAA | Automated evidence collection | AWS, Google Cloud |
| MetricStream | SOC 2, HIPAA, GDPR | AI-driven risk tracking | SAP, ServiceNow |
| Scrut | HIPAA, ISO 27001 | AI risk scoring, control automation | Okta, Jira, GitHub |
| Cycore Secure | SOC 2, HIPAA, ISO 27001 | Tiered vendor management | Custom GRC integrations |
| Risk Hawk | Multiple | Live dashboards, task automation | Not specified |
These tools streamline compliance management, reduce manual effort, and help businesses stay audit-ready. Choose one based on your regulatory needs, integration requirements, and budget.
What is OneTrust Third-Party Management solution?
1. BitSight Third-Party Risk Management
BitSight's Third-Party Risk Management platform uses a security rating system to evaluate over 120 risk factors on a 1–900 scale. Companies scoring below 650 are flagged as high-risk, allowing for proactive risk handling.
Regulatory Framework Support
The platform is tailored to meet U.S. compliance standards, including CCPA, NYDFS Cybersecurity Regulation, and NIST SP 800-53. Its Regulatory Updates Engine delivers real-time alerts for state-level privacy laws, making it especially useful for businesses operating across multiple states.
Risk Assessment and Monitoring
BitSight provides continuous monitoring of third-party security, identifying critical issues within just 4 hours. For example, in Q1 2025, the platform detected thousands of vulnerabilities across user networks, with automated alerts helping to accelerate remediation efforts by 73%.
"DATAMARK reduced third-party vulnerabilities by 40% in 6 months using BitSight's continuous monitoring, improving client trust in their security practices."
These capabilities allow for smooth integration with key enterprise tools.
Integration Capabilities
The platform integrates seamlessly with major enterprise systems:
| Integration Partner | Key Functionality | Impact |
|---|---|---|
| ServiceNow | Automated ticket creation | 40% faster vendor onboarding |
| AWS Security Hub | Cloud configuration audits | Real-time security posture monitoring |
| Microsoft Sentinel | Threat intelligence sharing | Improved threat detection |
Automation and Reporting Features
Using AI-driven document analysis, BitSight generates SOC 2 compliance reports in seconds with 93% accuracy. The Collaborative Remediation Portal streamlines vendor communication for faster issue resolution.
The Subvendor Discovery module maps vendor relationships up to three tiers deep, cutting fourth-party HIPAA gap mitigation time by 58%.
Additionally, the platform’s benchmarking tools provide context by comparing third-party performance to industry norms. For instance, the average security score in the technology sector in 2024 was 683, serving as a useful benchmark for evaluation.
2. OneTrust Third-Party Risk Management
Regulatory Framework Support
OneTrust supports more than 50 frameworks, such as SOC2, GDPR, and CCPA. Its Regulatory Updates Engine keeps track of jurisdictional changes automatically, ensuring compliance is up-to-date. Additionally, it integrates with Dow Jones Risk & Compliance data to enhance due diligence processes like sanctions screening and monitoring politically exposed persons.
Risk Assessment and Monitoring
OneTrust evaluates risks dynamically using security ratings, financial metrics, and real-time news, scoring vendors across 78 factors.
| Monitoring Component | Description | Performance Metric |
|---|---|---|
| Threat Intelligence | Daily analysis of over 500 external sources | 92% accuracy in predicting vendor insolvency |
| Vendor Performance | Historical data providing 6-month advance warnings | 89% prediction accuracy |
| Multilingual Monitoring | Real-time updates with AI translation support | 98.6% translation accuracy |
Integration Capabilities
OneTrust connects seamlessly to over 150 enterprise systems through pre-built connectors. It integrates with platforms like SAP and Oracle for enterprise resource planning, Salesforce for customer relationship management, and cloud services such as AWS and Azure.
"BlueAlly implemented OneTrust GRC for third-party management, achieving zero non-conformities in SOC 2/PCI/ISO audits and $2.3M in compliance cost savings."
These integrations simplify compliance workflows and improve overall risk management efficiency.
Automation and Reporting Features
OneTrust's AI engine reduces manual control testing efforts by 65% and monitors 23 data points to generate audit-ready reports in under two minutes. Its Third-Party Risk Exchange allows organizations to complete assessments 70% faster by using a database of over 15,000 pre-vetted vendor profiles. For instance, the University of California Irvine leverages these tools to manage more than 500 third-party relationships across its healthcare and research systems.
Machine learning models, trained on seven years of vendor performance data, provide risk predictions with 89% accuracy. These insights, paired with automated mitigation strategies, help reduce residual risk by an average of 55%.
3. Sprinto
Regulatory Framework Support
Sprinto supports over 20 compliance frameworks, including SOC 2, ISO 27001, GDPR, HIPAA, and PCI-DSS. The platform automatically updates control mappings to stay aligned with evolving standards.
Risk Assessment and Monitoring
Sprinto uses a 5-point Likelihood and Impact scale to provide a clear, quantitative risk score, making vendor evaluations more precise.
| Monitoring Feature | Performance Metric | Impact |
|---|---|---|
| Control Monitoring | Alerts within 5 minutes | 73% fewer compliance violations |
| Evidence Collection | 85% automation rate | 60% faster vendor onboarding |
| Vendor Assessment | 2-hour processing time | 92% automated evidence collection |
Integration Capabilities
Sprinto’s integrations simplify compliance management by connecting with over 200 cloud services, including AWS, Azure, and Google Cloud Platform. These API integrations enable automated tasks like access control reviews, vulnerability tracking, and continuous log monitoring across shared infrastructures. This connectivity ensures efficient automation and streamlined reporting.
"SaaS company ZapScale used Sprinto to cut vendor risk assessment time from 14 hours to just 2 hours per vendor. Automated questionnaire processing and integrated monitoring helped them achieve SOC 2 Type II compliance, with 92% of evidence collection automated across 37 vendors."
Automation and Reporting Features
Sprinto automates evidence collection using system snapshots, offers 24/7 control monitoring with alerts under 5 minutes, and creates professional PDF reports via an executive dashboard. The platform’s NIST-aligned controls library reduces redundant work across multiple frameworks. Features like AI-driven vendor questionnaire analysis, an auditor collaboration portal, real-time control checks, and automated remediation workflows make identifying and addressing compliance issues faster and more efficient.
4. MetricStream
Regulatory Framework Support
MetricStream's compliance management system handles over 50,000 regulatory updates each year. It connects more than 9,300 IT controls to over 1,200 regulations, such as SOC 2, HIPAA, and GDPR. This alignment ensures precise and efficient risk evaluation.
Risk Assessment and Monitoring
The platform uses automated risk assessments with flexible scoring models that combine both qualitative and quantitative data. This allows for real-time tracking and dynamic scoring across various compliance areas.
| Monitoring Feature | Performance Improvement | Time Savings |
|---|---|---|
| Control Assessments | 60% faster | 35 hours/week |
| Regulatory Changes | 75% quicker implementation | |
| Audit Preparation | 90% better readiness | |
| Manual Processes | 30% fewer manual tasks |
Integration Capabilities
MetricStream's API-based architecture connects with more than 150 enterprise systems, including SAP and ServiceNow. Its integration with AWS Cloud allows scalable compliance monitoring. For example, a government non-profit successfully managed governance, risk, and compliance (GRC) across 78 departments using these features.
The platform also incorporates advanced automation to simplify compliance processes even further.
Automation and Reporting Features
MetricStream uses AI to detect regulatory changes and route alerts automatically. Its executive dashboard provides real-time heat maps for third-party risks and automates evidence collection for 93% of compliance needs. Customizable reporting tools offer detailed analytics, enabling deeper compliance insights. A North American energy utility used these features to resolve compliance issues 30% faster with automated remediation tracking.
sbb-itb-ec1727d
5. Scrut
Regulatory Framework Support
Scrut supports over 50 compliance frameworks, offering industry-specific templates to simplify the process. Its pre-built HIPAA compliance module includes automated safeguards for electronic protected health information (ePHI), making it especially useful for healthcare organizations. This strong regulatory base enables effective risk monitoring.
Risk Assessment and Monitoring
Scrut takes its regulatory coverage a step further by incorporating AI-powered risk assessments. The platform evaluates vendor risks using AI-driven scoring on a 1–100 scale, allowing for quicker decision-making. A 2024 Gartner case study highlighted that this automation cuts manual review time by up to 60%. Real-time dashboards provide continuous oversight, ensuring compliance stays on track.
| Monitoring Feature | Efficiency Gain |
|---|---|
| Evidence Collection | 80% automation |
| Control Testing | Daily scans |
| Manual Tasks | 70% reduction |
| Compliance Tests | 24-hour test cycles |
Integration Capabilities
Scrut seamlessly connects with:
- Cloud providers: AWS, Azure, Google Cloud Platform
- Identity management systems: Okta, Azure Active Directory, JumpCloud
- Development tools: Jira, GitHub
These integrations enhance automated reporting and simplify compliance workflows.
Automation and Reporting Features
Scrut streamlines compliance processes with pre-mapped controls. For example, a mid-sized SaaS company reported saving 15 hours monthly by automating evidence mapping for ISO 27001 controls. The platform also offers role-based dashboards, one-click PDF/Excel exports, and a "Compliance Health Score" visualization. Continuous control testing and auto-generated documentation reduce manual efforts significantly. According to a 2024 CISO survey, 89% of users praised Scrut for its consolidated risk metrics and reporting features.
6. Cycore Secure
Regulatory Framework Support
Cycore Secure works with over 15 regulatory frameworks, including SOC 2, HIPAA, ISO 27001, and GDPR. Their services help organizations maintain strong third-party compliance oversight. For example, in early 2024, Waites successfully developed their SOC 2 strategy and playbook in just 20 days with Cycore's assistance.
Risk Assessment and Monitoring
Cycore Secure provides tiered vendor management through its GRC Tool Administration, offering ongoing compliance monitoring for third-party vendors. Here's a breakdown of their monitoring levels:
| Monitoring Level | Features |
|---|---|
| Start-up | Basic vendor management support, Initial compliance assessment |
| Mid-Market | Monthly vulnerability management reports, Advanced GRC admin for 2 tools |
| Enterprise | Continuous vulnerability monitoring, Custom GRC integration (up to 4 tools) |
Integration Capabilities
With the Enterprise tier, Cycore Secure supports custom integration of up to four GRC tools. This feature has been particularly beneficial for businesses like ReadMe. Phoebe Miller, Head of Business Operations at ReadMe, shared:
"Security questionnaires were a hassle for our team to turn over quickly in our sales cycles. Cycore has managed to make this process more efficient".
These integrations streamline compliance processes and enable automation across multiple functions.
Automation and Reporting Features
Cycore Secure reduces operational workload by automating reporting and monitoring. Nils Schneider, CEO & Co-Founder of Instantly, highlighted its impact:
"With Cycore, there's no need for my team and I to worry about security and privacy. Cycore keeps us up to date on our compliance program and notifies us ahead of time if they need something from us".
Their reporting features include:
- Basic monthly compliance status updates
- Monthly vulnerability management reports
- Custom security roadmaps tailored for enterprise clients
Tahseen Omar, Chief Operating Officer at Anterior, emphasized the platform's value in the healthcare sector:
"Being in the healthcare space, we take security and privacy seriously. Cycore's services allowed us to have the security expertise at hand when it mattered the most".
7. Risk Hawk
Risk Hawk simplifies managing third-party compliance by automating repetitive tasks and offering a dashboard with live vendor compliance data. This allows for more efficient and proactive risk management. It’s another example of how automation can improve oversight in third-party compliance processes.
Conclusion
After exploring these seven advanced tools, it's important to weigh a few key factors before making your choice.
Third-party compliance tools play a critical role in meeting regulations and managing expenses. Look for tools that align with the frameworks you need - like SOC 2, HIPAA, ISO 27001, or GDPR - and that can integrate smoothly with your existing systems.
Evaluate the overall cost, including implementation and ongoing maintenance, to ensure you're getting the best return on investment. Staying compliant not only helps you avoid penalties but also boosts your market standing and supports business growth.
Here are some essential criteria to keep in mind:
- Support for regular audits and updates
- Ability to scale as your business grows
- Options for tailoring the tool to fit your workflows
- Real-time, detailed reporting capabilities
- Streamlined vendor management
For successful implementation, you'll need flexibility and team alignment. The right compliance tool should address your immediate requirements while preparing your organization to grow and maintain top-tier security and regulatory standards.
FAQs
What should I consider when selecting a third-party compliance tool for my business?
When choosing a third-party compliance tool, start by identifying your business’s specific compliance requirements, such as SOC2, HIPAA, ISO27001, or GDPR. Evaluate how well the tool aligns with these frameworks and whether it integrates seamlessly with your current systems.
Additionally, consider the level of support and expertise the tool provides to simplify compliance management. A good solution should help you reduce complexity, improve efficiency, and build trust with your customers by ensuring robust compliance practices.
How do these compliance tools integrate with existing enterprise systems?
Cycore ensures seamless integration of its compliance tools with your existing enterprise systems. By collaborating closely with your team, Cycore tailors its solutions to fit your current infrastructure and workflows, reducing disruptions and ensuring a smooth transition.
This approach helps businesses maintain operational efficiency while enhancing compliance management across frameworks like SOC2, HIPAA, ISO27001, and GDPR.
How can these tools simplify compliance management and reduce manual work?
By automating key processes, these tools help businesses efficiently manage compliance requirements while minimizing manual effort. For example, Cycore streamlines compliance tool management through its GRC (Governance, Risk, and Compliance) Tool Administration Services. This includes handling setup, configuration, and ongoing maintenance, ensuring tools operate smoothly and effectively.
With such automation, businesses can focus on their core operations while maintaining robust compliance standards.
