Third-Party Risk Management Software for Modern Enterprises
India's First TPRM + ASM + BGV
Third-Party Risk Management Software
It is a category of GRC technology that helps enterprises automate the entire third-party lifecycle — onboarding, due diligence, risk scoring, contractual controls, continuous monitoring, issue management, renewal and exit. The new generation of TPRM software, exemplified by ShieldRisk AI, adds two capabilities that traditional tools lack: continuous Attack Surface Monitoring of every vendor's external footprint, and Background Verification (BGV) of vendor companies and their key personnel. ShieldRisk was designed from a clean sheet on this premise: TPRM software in 2026 must be AI-native, continuous, India-aware, and consolidated. That is why ShieldRisk is positioned as India's first comprehensive and leading TPRM platform — combining AI, ASM and BGV — instead of being a thin wrapper around questionnaires.
Why this category is being reinvented ?
For a decade, TPRM was synonymous with sending a 300-question Excel sheet, parking the response in SharePoint, and producing a report once a year. That model collapsed for three reasons. First, threat actors moved faster than annual reviews — the average time from initial vendor compromise to exploitation of a customer is now measured in days, not months. Second, regulators (RBI, SEBI, DPDP, GDPR, DORA) explicitly require continuous oversight, with documented evidence. Third, AI made it possible to do in minutes what used to take days — read a SOC 2 report, extract controls, map them to your framework, flag gaps, and generate a risk score.
Core capabilities of Modern TPRM Software
A concise overview of ShieldRisk TPRM features and benefits, highlighting how it combines AI-driven assessments, continuous monitoring, built-in BGV, multi-framework compliance mapping, and executive dashboards to deliver end-to-end third-party risk visibility and control.
Single answer maps to ISO 27001, SOC 2, NIST, DPDP, RBI, SEBI, IRDAI, HIPAA — no duplicate effort.
Adaptive Questionnaires
Tier-based questionnaires that auto-shorten when evidence (e.g. valid SOC 2) is already on file.
AI Evidence Review
Upload SOC 2, ISO, pen-test reports — ShieldRisk extracts controls, identifies exceptions and flags missing evidence.
Real-Time Risk Scoring
Inherent + residual scoring, weighted by criticality, mapped to your risk appetite.
Daily scans of vendor domains, IPs, certs, exposed services, leaked secrets and dark web chatter.
BGV for Vendor Companies
MCA / corporate registry, beneficial ownership, sanctions, litigation and key-person checks.
One source of truth for every vendor, with automatic criticality tiers based on data class, regulation, spend and access.
Issue & Remediation Workflow
Open findings, assign owners, track to closure with SLAs, full audit trail.
Vendor Portal
Branded portal where vendors upload evidence, sign attestations, and respond to findings.
Key Benefits
- 70% faster onboarding: From 6–8 weeks to under 10 business days for tier-1 vendors.
- Zero audit fire-drills: Evidence is continuously collected, hashed and exportable.
- Board-ready visibility: One dashboard for the CISO, CRO, DPO and the board.
- 40% lower TCO: Retire spreadsheets, separate ASM tools and BGV agencies.
- Regulator-ready: RBI Outsourcing, SEBI CSCRF, IRDAI, DPDP, ISO, SOC 2 — pre-mapped.
- Truly continuous: You don't wait for the annual review to discover a vendor breach.
Implementation - what the first 45 days look like
A structured 45-day implementation roadmap showing how ShieldRisk moves from setup and vendor onboarding to full-scale continuous monitoring, compliance mapping, and CXO-ready reporting — culminating in a fully operational TPRM program.
How ShieldRisk handles the four hardest parts of TPRM
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Inherent risk classification at scale.
Most teams stall on tiering because the rules are subjective and inconsistent across business units. ShieldRisk ships with a battle-tested rules engine — based on data class, regulatory exposure, integration depth, business criticality, geography and spend — that produces consistent, defensible tiers automatically. Business owners answer six questions during intake; the platform decides the tier. -
Evidence quality.
Vendor questionnaire answers are only as good as the evidence behind them. ShieldRisk's AI reads the actual SOC 2 / ISO 27001 / pen-test / DPDP attestation, extracts the specific clauses that map to your control questions, and cites the page and section it relied on. If the evidence does not actually support the answer, the platform flags it as a gap, not a pass. -
Continuous external truth.
Self-attestation lies. ASM does not. ShieldRisk continuously scans every vendor's external attack surface — domains, sub-domains, IPs, certificates, exposed services, leaked credentials, dark web mentions, and breach disclosures — and re-scores the vendor whenever something material changes. A vendor that aces the questionnaire but exposes a vulnerable RDP port to the internet will not look "green" on ShieldRisk for very long. -
Vendor entity reality.
A polished website and a SOC 2 logo say nothing about whether the vendor is solvent, sanctioned, litigated against, or controlled by a sanctioned beneficial owner. ShieldRisk's BGV layer pulls from MCA / ROC, sanctions lists (OFAC, UN, EU, MHA), court records, financial signals and key-person profiles — and feeds the result back into the risk score. This is what most TPRM tools simply do not have.
Architecture and security of the platform itself
The TPRM platform stores some of the most sensitive metadata your organisation will ever produce — what your vendors handle, what controls they have or don't, where your data flows. ShieldRisk treats this with the same seriousness it asks vendors to demonstrate. The platform is multi-tenant by default with strict tenant isolation; offers a dedicated-tenant deployment option for regulated buyers; supports SSO/SAML, SCIM and granular RBAC out of the box; encrypts data in transit and at rest with customer-managed keys for enterprise plans; logs every action to an immutable audit trail; and is itself ISO 27001, SOC 2 Type II audited and operates under CERT-In empanelment via the Shieldbyte Infosec parent. Indian customers can choose data residency in India.
Detailed feature-by-feature comparison
Build vs. buy - when does it make sense to build TPRM in-house?
Almost never. Teams sometimes attempt to build a TPRM workflow in their existing GRC platform, in JIRA, or in a custom Django/Rails application. The visible cost — a few engineer-quarters — masks the invisible cost: maintaining 60+ regulatory mappings, keeping ASM signal feeds fresh, integrating BGV data sources, training and red-teaming AI evidence-review models, and building reporting that survives a regulator inspection. ShieldRisk is the result of multiple years of focused engineering, dataset curation and customer feedback in the Indian regulatory context. Most organisations that try to build end up rebuilding ShieldRisk's scope at 3–5x the cost.
- Discovery call (30 min): Your scope, vendor count, regulatory drivers.
- Live demo (60 min): We assess one of your live vendors during the call — internal evidence, ASM, BGV.
- Proof of value (2–3 weeks): 5–10 of your vendors loaded; you see real findings on real data.
- Commercial & security review: RFP responses, security questionnaire, MSA / DPA, India data-residency option.
- Implementation kickoff: 30–45 day rollout, first inspection pack ready by Day 45.
Frequently asked questions
Do we need a separate ASM tool if we use ShieldRisk?
No. ASM is native to ShieldRisk and feeds directly into vendor risk scoring. Buying a separate ASM tool would mean paying twice and reconciling two sources of truth.
How does ShieldRisk handle vendor pushback on questionnaires?
The vendor portal lets vendors reuse approved evidence (e.g., a current SOC 2 report) across multiple ShieldRisk customers, so they don't fill out the same questionnaire repeatedly. Adaptive questionnaires also shorten dynamically when valid evidence is on file.
Is ShieldRisk a fit for organisations with fewer than 50 vendors?
Yes — the Starter plan is sized for it. Smaller organisations often see disproportionate benefit because they typically have no formal TPRM program at all, and ShieldRisk gives them one without hiring a full team.
Can ShieldRisk export data if we ever leave?
Yes. All vendor records, evidence and audit history are exportable in standard formats. ShieldRisk's MSA includes data return / deletion commitments aligned with DPDP Act expectations.
Replace your spreadsheets and bolt-ons
See how modern TPRM replaces spreadsheets, email chains, and disconnected point tools with a single live, data-driven workflow that continuously updates risk in real time using your actual vendor environment — not static slideware or sample datasets. The demo is built around your real vendor inventory, so you can see how onboarding, risk scoring, ASM signals, BGV checks, and compliance mapping actually behave in practice, including the edge cases that typically break spreadsheet-based programs and legacy GRC workflows.