| Security ratings software with questionnaire capabilities | Automated security & compliance software with questionnaire capabilities | Governance, Risk & Compliance (GRC) software | Third-Party Risk Management (TPRM) / Vendor risk management (VRM) software | Outsourced TPRM / VRM professional services firm | |||||||||||||||||||||||||||||||||||||||||||||||||||
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Architecture & Strategic Value
These characteristics are a useful checklist for the overall capabilities of the TPRM solution, covering the breadth of service, the operating capacity of the software, and the long-term strategic viability of the tool.
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AI Capabilities
Modern TPRM—the ability to automate the bulk of manual tasks on both sides of the vendor assessment and response process—depends on reliable, secure AI capabilities. These benchmarks ensure your solution will help you achieve automation, maintain control and transparency, and enrich decision-making insights in a secure way.
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Questionnaire & Framework Capabilities
Standardized frameworks and questionnaires are essential for regulatory compliance and efficiency, while customized questionnaires are purpose-built for the unique needs of your business. These capabilities ensure your solution has you covered for both, saving you time and money in the process.
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Workflow Capabilities
TPRM software improves the speed, efficiency, and quality of your program by fitting seamlessly with your existing workflows. These capabilities reflect the tool’s ability to match the way you work, so you can get to value faster.
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General Capabilities
These features help you to understand the overall usability of the solution. They shed light on how user-friendly the tool is, how it assists with reporting to measure the health and improvement of your program, and how customizable it is to your evolving needs.
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Vendor Capabilities
TPRM is a dual-sided process impacting both assessors and their vendors—along with a host of key stakeholders in your own business affected by TPRM. Make sure your solution has the features to make your program more impactful and collaborative for all parties.
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How We Stack Up:
Whistic vs. Competitors
At Whistic, we don’t just want to make TPRM easier; we want to make choosing the right TPRM solution easier, too.
Below, you’ll find a side-by-side comparison of the Whistic Platform to other available TPRM solutions. This competitive matrix highlights the distinct features and key capabilities each type of solution provides so you can make the most informed decision for your business — and see at a glance exactly how Whistic delivers for our customers.
