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On August 24, 2020, Gartner published their Magic Quadrant for IT Vendor Risk Management Tools. Gartner describes IT Vendor Risk Management as “the discipline of addressing the residual risk that businesses and governments face when working with external service providers, IT vendors and related third parties.” To evaluate the strengths and cautions of vendors included the report, Gartner considered capabilities in these areas:

  • Assessment
  • Workflows
  • Collaboration
  • Assess, Validate and Monitor controls
  • Exception Management
  • Dashboards and Reporting
  • Connectors and Integrations
  • Configurability
  • History
  • Access and User Controls
  • Remediation Management
  • User Interface and Navigation
  • Vendor Profile Management

Notably, 65% of VRM Tools in the Gartner Magic Quadrant are Shared Assessments Content Licensee Partners. Shared Assessments is thrilled to see our partners rank as leaders in innovation in TPRM.  We are committed to nurturing our partners as they pioneer solutions “to manage and automate the vendor risk management life cycle, address third-party risk and meet regulatory compliance requirements.”  Shared Assessments welcomes inquiries about partnerships – for more information on leveraging Shared Assessments in your solution, email vicki@santa-fe-group.com .

To read the full report, navigate here.

Gartner Disclaimer: Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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