Third-party risk management without spreadsheet chaos

Manage third-party classification, due diligence, privacy risk, AI-related third-party risk, evidence, remediation and ongoing oversight in one structured platform.

What is Third-Party Risk Management software?

Structured oversight for the parties that introduce risk on your behalf.

Third-Party Risk Management software helps organisations identify, assess and monitor risks linked to suppliers, processors, service providers, contractors and other external parties.

PrivIQ supports third-party oversight through classification, due diligence, privacy risk, AI risk, evidence tracking, remediation and periodic review.

What PrivIQ helps you manage

Third parties - across the full lifecycle.

One register, one classification model, evidence in one place. Privacy and AI third-party risk handled as core concerns, not add-ons.

Register

Third-party register

Maintain a structured record of suppliers, processors, service providers, contractors and other third parties.

Classification

Risk-based classification

Classify third parties by data access, operational importance, service type, geography and AI involvement.

Due diligence

Due diligence

Questionnaires, evidence collection, review outcomes and required follow-up actions.

Privacy

Privacy third-party risk

Assess third parties that process personal information and maintain evidence of privacy oversight.

AI

AI third-party risk

Assess AI-enabled third parties, AI SaaS platforms, AI consultants and AI service providers.

Contracts

Contracts and evidence

Track contracts, documentation, supporting evidence and review records.

Review

Remediation and review

Assign actions, track progress and reassess third parties periodically.

The third-party lifecycle

Capture once. Review often.

Each step produces evidence that survives the relationship. New people on the team inherit the trail, not a folder of inconsistent spreadsheets.

01

Capture third party

02

Classify inherent risk

03

Complete due diligence

04

Review evidence

05

Assign actions

06

Monitor and reassess

Customer proof

Rated 4.7 on G2.
Read in their words.

375+ teams in 36+ countries use PrivIQ to run privacy, AI governance and risk programmes – from independent DPO consultants to global enterprise compliance teams.

G2 Awards · Spring 2026

TPRM FAQs

What buyers usually ask.

The process of identifying, assessing and monitoring risks created by suppliers, processors, service providers, contractors and other external parties.

Yes. PrivIQ supports due diligence questionnaires, evidence collection, risk classification, review outcomes and remediation tracking.

Yes. Assess third parties that process personal information and maintain evidence of oversight.

Yes. Assess AI-enabled third parties, AI SaaS platforms, AI consultants and AI service providers.

Yes. Consultants can deliver third-party risk management programmes for clients on a multi-tenant platform.

Risk Assessments

The engine sitting behind every module.

In TPRM, Risk Assessments cover cyber and information security, privacy and regulatory non-compliance, AI system failure and bias, supply chain disruption, ESG governance, vendor insolvency and sector-specific mandate breach – plus any custom vendor scenario you need. Stages, sections, questions, check-lists with risk scoring, and threat analyses on a 5×5 grid. Each stage assignable to a different person, including an external third party. Scores roll up to the assessment, then to the Risk Register dashboard.

See PrivIQ for third-party risk.

Watch the TPRM demo, book a walkthrough, or talk to us about an AI vendor due diligence assessment.