UpGuard is the best governance software for managing vendor risk for most teams because it publishes its entry price, covers 50 vendors on the Standard plan, and includes a free tier for up to 5 vendors, while ProcessUnity is the stronger pick for regulated enterprises. Only two tools on this list publish a starting price: UpGuard at $1,750 per month billed annually, and ProcessUnity at $25,000 per year for its small and medium business entry point. LogicGate charges only for Power Users, while Standard and External users are included at no additional cost, which changes the cost math for teams that need many people to view records and complete questionnaires.
Vendor risk work repeats four steps for every supplier: collect information, score the risk, chase fixes, and watch for changes. The tools below differ mainly in how much of that cycle they automate, how they charge, and whether vendor risk is the main product or one module inside a wider platform. Pick the tool that matches your vendor count first, then check the plan limits that force an upgrade.
On this page
Best governance software for managing vendor risk: comparison table
Swipe the table sideways on a phone to see every column.
| # | Name | Best for | Starting price | Free plan / trial | Link |
|---|---|---|---|---|---|
| 1 | UpGuard | Teams that want published pricing and continuous vendor scanning | $1,750 per month | Yes | Visit |
| 2 | ProcessUnity | Regulated enterprises that reuse shared vendor assessments | $25,000 per year | No | Visit |
| 3 | OneTrust Third-Party Management | Privacy and governance teams already using OneTrust | quote only | No | Visit |
| 4 | LogicGate Risk Cloud | Teams that build custom risk workflows without code | quote only | No | Visit |
| 5 | Prevalent | Dedicated third-party risk programs with heavy assessment volume | quote only | No | Visit |
| 6 | ServiceNow Third-Party Risk Management | Companies already running ServiceNow | quote only | No | Visit |
| 7 | Vanta | Startups that need compliance automation plus vendor risk | quote only | No | Visit |
| 8 | Drata | Growing teams that need compliance automation plus vendor risk | quote only | No | Visit |
The 8 best best governance software for managing vendor risks, in detail
UpGuard
Best for: Teams that want published pricing and continuous vendor scanning
UpGuard is the clearest buy on this list because its pricing page states a number. The Standard Vendor Risk plan costs $1,750 per month billed annually and covers 50 vendors, with each additional vendor at $79 per month. That plan includes 6 admin and general users, unlimited read-only users, questionnaire tools, and continuous vendor monitoring.
- A free tier covers up to 5 vendors, and a 14-day trial is available for the higher tiers.
- The trade-off is that only the Standard plan carries a published price.
- Professional covers 150 vendors, Corporate covers 500, and Enterprise covers unlimited vendors, and all three need a quote.
- UpGuard suits teams with 50 vendors or fewer that want a fixed number to put in a budget.
Pros
- Published Standard price of $1,750 per month billed annually
- free tier covers up to 5 vendors
- Standard plan covers 50 vendors with 6 admin and general users
Cons
- Professional, Corporate, and Enterprise plans show no price and need a quote
- each additional vendor above 50 costs $79 per month
ProcessUnity
Best for: Regulated enterprises that reuse shared vendor assessments
ProcessUnity is built for teams that run vendor risk as a full program rather than a side task. Its small and medium business pricing starts at $25,000 per year, for companies up to $500 million in revenue and 1,000 employees, and the plans page asks buyers to complete a form to see the full plan details. The platform covers onboarding, assessments, monitoring, remediation, and offboarding, and its Global Risk Exchange holds more than 18,000 attested assessments for reuse.
- The limit to check is scope.
- ProcessUnity sells data and workflow options in modules, and the exchange is a separate line in the program, so a quote for the platform alone does no
- Smaller teams with under 50 vendors will find UpGuard cheaper and faster to start.
Pros
- Small and medium business pricing starts at $25,000 per year
- Global Risk Exchange holds more than 18,000 attested assessments
- covers the full vendor lifecycle from onboarding to offboarding
Cons
- Full plan details sit behind a form, so the exact price for a given vendor count needs a quote
- no free plan or trial is listed
OneTrust Third-Party Management
Best for: Privacy and governance teams already using OneTrust
OneTrust sells Third-Party Management as one part of a wider trust platform, with Base and Suite packages. The pricing page shows no dollar figure for any package and asks buyers to schedule a call for a custom quote. Pricing is metered on admin users and the size of the third-party inventory, so a team should count both numbers before the call.
- The Suite package adds Dow Jones ethics and compliance databases, including sanctions and watchlist screening, plus adverse media screening.
- OneTrust fits teams that already run privacy or consent work on the platform, because vendor risk then shares the same inventory, policies, and report
- Ask for the Base and Suite quotes on the same vendor count.
Pros
- Third-party risk sits beside privacy, consent, and AI governance in one platform
- Base and Suite packages cover assessments, monitoring, and reporting
- Suite adds sanctions and watchlist screening
Cons
- No price is published, and every package needs a quote
- pricing is metered on admin users and third-party inventory, so growth in either raises the bill
LogicGate Risk Cloud
Best for: Teams that build custom risk workflows without code
LogicGate Risk Cloud is a no-code governance, risk, and compliance platform, and vendor risk is one application among more than 30. Teams build their own workflows, forms, and reports with a drag-and-drop builder, and they can add prebuilt apps for third-party risk, audit, and policy management. The pricing page shows no dollar figure.
- Each Risk Cloud component is priced separately, so a team pays for the applications it selects rather than a single flat bundle.
- The user model is the detail that sets LogicGate apart.
- Only Power Users, the administrators who build applications and manage permissions, need a license.
- Standard users who view records and complete tasks, and External users who complete questionnaires through one-time passcodes, are included at no addi
Pros
- No-code builder creates custom risk and vendor workflows
- only Power Users need a license, while Standard and External users are included at no additional cost
- prebuilt apps cover third-party risk, audit, and policy work
Cons
- No price is published, and each application is priced separately, so the total depends on how many applications you select
- no free plan or trial is listed
Prevalent
Best for: Dedicated third-party risk programs with heavy assessment volume
Prevalent, now part of Mitratech, is a dedicated third-party risk platform rather than a module inside a wider compliance suite. It covers sourcing, intake, onboarding, SLA tracking, risk scoring, monitoring, assessment, remediation, and offboarding in one system. The assessment library holds more than 800 templates, and the AI FastTrack feature can take up to 15 prior vendor assessments in any format and generate more than 200 recommended answers without manual work.
- Continuous monitoring comes from the Vendor Threat Monitor, which draws on more than 30,000 news sources, more than 1.8 million politically exposed pe
- Prevalent fits teams that send hundreds of questionnaires a year and need deep remediation tracking.
- The limit is price transparency: no plan price is published, so request a quote that names the vendor count and assessment volume.
Pros
- Library of more than 800 assessment templates
- AI FastTrack can upload up to 15 prior assessments and generate more than 200 recommended answers
- continuous monitoring draws on more than 30,000 news sources
Cons
- No price is published, and pricing is arranged by quote
- managed services and the vendor intelligence network add scope that must be priced separately
ServiceNow Third-Party Risk Management
Best for: Companies already running ServiceNow
ServiceNow Third-Party Risk Management is the renamed Vendor Risk Management app inside ServiceNow Integrated Risk Management. It gives teams vendor tiering, assessment templates, issue tracking, and tier hierarchies with aggregated scores, and it connects with the wider risk and compliance products on the same platform. The product page lists Standard, Professional, and Enterprise packages, with Professional adding predictive intelligence and regulatory change management.
- No price is published for any package.
- This tool fits only when ServiceNow is already the operational core.
- Inside that setup, vendor risk data flows into the same workflows as incidents, changes, and assets.
- Outside that setup, the platform cost and implementation work outweigh the benefit, and a standalone vendor risk tool is the better buy.
Pros
- Vendor risk shares workflows, data, and automation with the wider ServiceNow platform
- tiering, assessment templates, and issue tracking are built in
- Standard, Professional, and Enterprise packages cover growing programs
Cons
- No price is published, and it makes little sense as a standalone buy for teams that do not already use ServiceNow
- implementation and module costs add to the subscription
Vanta
Best for: Startups that need compliance automation plus vendor risk
Vanta is a trust management platform that automates compliance work, and vendor risk sits inside that wider program. The pricing page lists four plans, Essentials, Plus, Professional, and Enterprise, and shows no dollar figure for any of them. Essentials covers one compliance framework with automated evidence collection and a Trust Center.
- Plus adds access management and AI questionnaire automation for 25 questionnaires per year.
- Professional adds risk management with customization, custom monitoring tests, and 144 questionnaires per year.
- The limit is that the base plan does not show the full vendor risk cost, because vendor risk management and questionnaire automation appear as add-ons
- Ask for a quote that names the framework count, the vendor count, and the questionnaire volume.
Pros
- Essentials covers one compliance framework with automated evidence collection
- Plus adds AI questionnaire automation for 25 questionnaires per year
- Professional raises that limit to 144 per year
Cons
- No price is published on the pricing page
- vendor risk and questionnaire automation are add-ons on some plans, so the base price does not show the full cost
- no free plan is listed
Drata
Best for: Growing teams that need compliance automation plus vendor risk
Drata is a compliance automation platform with Foundation, Advanced, and Enterprise plans, and the plans page shows no dollar figure for any of them. Foundation covers up to 50 full-time employees, one pre-mapped framework such as SOC 2 or ISO 27001, pre-built integrations, and custom controls. Advanced adds any available framework, custom connections and tests, and custom fields and formulas.
- Enterprise adds Risk Management Pro, Compliance as Code Pro, and user access review.
- Vendor risk features include vendor inventory sync, questionnaire automation, inherent and residual risk tiering, and a third-party risk register, wit
- The limit is the tier structure: a team that needs advanced risk workflows or many frameworks must move to Enterprise.
Pros
- Foundation covers up to 50 full-time employees and one pre-mapped framework
- Advanced adds custom frameworks and custom connections
- Enterprise adds Risk Management Pro and Compliance as Code Pro
Cons
- No price is published on the plans page
- vendor risk features such as the third-party risk register sit in the higher tiers or as add-ons
- no free plan is listed
How we chose
We chose tools that manage vendor risk as a named product or module, with a published product page and a pricing page we could open on 12 November 2026. We did not test any tool hands-on. Prices and plan limits come from official vendor pages opened on that date, and we wrote quote only where the page showed no dollar figure. We did not use customer counts, awards, or review scores to rank the tools.
Pick by vendor count and budget
| Situation | Best pick | What to confirm in the quote |
|---|---|---|
| Under 50 vendors, need a fixed price | UpGuard Standard | $1,750 per month billed annually, 50 vendors, $79 per additional vendor |
| 50 to 500 vendors, regulated industry | ProcessUnity | $25,000 per year SMB entry point, plus exchange and module scope |
| Already using OneTrust for privacy | OneTrust Third-Party Management | Admin user count and third-party inventory count, Base versus Suite |
| Many contributors, few admins | LogicGate Risk Cloud | Power User count only, plus the applications selected |
| Hundreds of questionnaires per year | Prevalent | Vendor count, assessment volume, and managed services scope |
| Already running ServiceNow | ServiceNow Third-Party Risk Management | Base platform fee versus third-party risk module fee |
| First SOC 2 audit plus vendor risk | Vanta or Drata | Framework count, vendor count, and questionnaire limit of 25 or 144 per year |
Frequently asked questions
How much does governance software for managing vendor risk cost?
Costs vary widely because most vendors show no price on their pages. UpGuard publishes $1,750 per month billed annually for 50 vendors, with each additional vendor at $79 per month. ProcessUnity publishes a $25,000 per year entry point for small and medium businesses. The other six tools on this list need a quote, and the total depends on vendor count, questionnaire volume, frameworks, and add-ons.
Which is the best governance software for managing vendor risk for a small team?
UpGuard is the best pick for a small team, because it publishes its price, covers 50 vendors on the Standard plan, and offers a free tier for up to 5 vendors with a 14-day trial for higher tiers. A team with fewer than 50 vendors can budget $1,750 per month billed annually and know the vendor limit before signing.
Which tool is best for a regulated enterprise with hundreds of vendors?
ProcessUnity and Prevalent are the best fits for that shape of program. ProcessUnity offers a shared exchange with more than 18,000 attested assessments. Prevalent offers more than 800 assessment templates and monitoring across more than 30,000 news sources. Both need a quote, so ask for the same vendor count and assessment volume from each.
Do any of these tools offer a free plan?
Yes, one does. UpGuard offers a free tier that covers up to 5 vendors, plus a 14-day trial for its higher tiers. The other seven tools on this list show no free plan on their pricing pages. LogicGate includes Standard and External users at no additional cost, but that is a user model detail, not a free plan.
What is the difference between a dedicated vendor risk tool and a compliance platform?
A dedicated tool such as ProcessUnity or Prevalent focuses on the full third-party lifecycle: intake, assessment, monitoring, remediation, and offboarding. A compliance platform such as Vanta or Drata adds vendor risk to SOC 2 and ISO 27001 work, with evidence collection and a Trust Center. Choose the dedicated tool when vendor risk is the main job, and the platform when compliance automation is the main job.
Should I buy vendor risk software before I count my vendors?
No. Count vendors, group them by risk tier, and count the questionnaires you send each year before you request a quote. UpGuard charges per vendor above 50, Vanta limits AI questionnaires to 25 per year on Plus and 144 on Professional, and OneTrust meters on admin users and inventory size.
Sources
- https://www.upguard.com/
- https://www.upguard.com/pricing/vendor-risk
- https://www.processunity.com/
- https://info.processunity.com/third-party-risk-management-small-medium-businesses
- https://www.onetrust.com/
- https://www.onetrust.com/pricing/
- https://www.logicgate.com/
- https://www.logicgate.com/pricing
- https://mitratech.com/products/prevalent/
- https://www.servicenow.com/
- https://www.servicenow.com/products/integrated-risk-management.html
- https://www.vanta.com/
- https://www.vanta.com/pricing
- https://drata.com/
- https://drata.com/plans
Prices and features were read on each company’s own website in November 2026. They change often, so confirm the current offer on the official site before you sign up or buy.