SureCloud are proud to be recognised in 2025 Gartner® Market Guide for Third-Party Risk Management Technology Solutions (TPRM), which includes the necessary insights for buyers to understand their shared market problems and the capabilities that could reduce their risk.
As shared by Gartner®, “Following persistent cyberattacks, trade compliance complexity, a challenging geopolitical landscape and continued pressure to meet new regulatory requirements, regulators and boards are increasingly interested in how third-party risk is effectively managed.”
Whilst the speed of procurement has slowed down, both the enterprise and mid-market have a growing variety of partnerships. These increase operational benefits but are also widening the external attack surface which is out of their control. This year, the UK has seen multiple high-profile supply chain attacks within the retail and healthcare sectors, that have shown firsthand the need to get ahead and take control back.
Navigating a market of confusion and complexity
With an endless volume of possible risks, (now represented by Gartner® as 10 domains from privacy and data processing risks to bribery and corruption) there is an unprecedented need to get ahead and judge your partnerships closely to prevent any security gaps.
However the market is proliferated with a huge number of approaches and vendors. Most integrated platforms lose depth, causing large enterprises to adopt multiple tools and run length implementation projects to solve the problem of siloed and scattered data.
Meanwhile small businesses don’t know where to start and continue to rely on spreadsheets rather than adopt platforms they don’t have expertise for, or the risk-specific products which they cannot scale.
As organizations spend significant time “carefully evaluating” which approach is the best fit, SureCloud understand the products that win are those that simplify, centralize and make TPRM effortless.
TPRM is the only approach for continuous oversight of third-parties
As a market with roots that are now over 10 years old, third-party risk management (TPRM) was created to monitor the IT, cyber or enterprise risks that could result from an at-risk business partner or vendor.
Today Gartner® defines the modern third-party risk management (TPRM) market as a diverse set of solutions and capabilities, including the following five necessary components:
- Identifying third-party risk”
- Analyzing risk
- Managing and escalating risk
- Continuous monitoring
- Third- and fourth-party risk mapping and metrics
Ultimately these capabilities create a continuous workflow where users can map relevant risks to third-parties, measure the potential impact, action or mitigate against them and report upwards or back to the partner organization.
Achieving success with SureCloud
As a Representative Vendor, we believe SureCloud’s Third-Party Risk Management (TPRM) is well suited so that you can reduce your vendor risk and strengthen your relationships.
With a central hub for assessments, contract records, and risk ratings, each business unit can prioritise their partners by both the risk they pose and the commercial opportunity they provide. Prebuilt workflows make this tiering effortless, allowing you to spend less time on monitoring and more time on critical human decisions.
Accountless vendor management also removes onboarding and assessment friction making it easier than ever to grow your business securely.
Due to overstretched teams and data-intensive workflows, Gartner® also inform that the most differentiated vendors use “AI to support automated assessment and analysis, and refine future recommendations and impact analysis with appropriate disclosures and human review”.
Not only does SureCloud automate manual processes like evidence collection or control monitoring, but assessments gain the benefit of AI summaries with targeted suggestions for improvements and mitigations so users can get ahead of escalating risks.
Building a TPRM program across the “entire TPRM life cycle”
Whilst technology uplifts, Gartner® also outline three key recommendations to improve the human function:
1. Building a cadence of collaboration and inclusion - “Ensure the TPRM platform facilitates the flow of third-party risk information across all relevant functions and users to maximize the organization’s visibility of emerging third-party risks.”
SureCloud ensures simple vendor access so third-party users can quickly fill in assessments and involve as many stakeholders as needed for accurate answers without their own accounts. Unlimited users and simple task management also promotes collaboration across departments and a single platform to build a risk register, no matter the risk domain.
2. Adopting a tool that is flexible - “Select a TPRM solution that is adaptable and scalable for both near-term and future program needs.”Whilst most GRC platforms attempt to be flexible, SureCloud offers a scalable approach offering both simplified vendor assessments and workflows for growing teams and a fully realised TPRM solution for large enterprises looking to mature their risk function.
By situating TPRM alongside first party risk, data privacy, compliance and audit capabilities, users get the critical context they need to improve their overall security posture, instead of just placing third-party risk in a silo.
3. Adopting platforms with open integration and easy implementation - “Evaluate the licensing options and consider both short-term and long-term implementation and integration requirements and APIs for the chosen TPRM solution provider, rather than solely focusing on cost.”
SureCloud offers a wide range of integrations across public cloud service providers, asset management tools, identity and access management and even core security products like an EDR with a seamless support network to help configure. For those facing urgency to get accredited or complete an audit, customers get quick time to value with proven three-week implementation times.
Together SureCloud gives all the necessary tools to get confidence for you, and your suppliers in one place.
Disclaimers
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
Source: “Market Guide for Third-Party Risk Management Technology Solutions” by Antonia Donaldson, Luke Ellery, John Klapmust, Oscar Isaka, Alicia Booker-Carney, Dawn Singer, Martin Shreffler, Joanne Spencer, and Lynn Stang, 5 May 2025 [ID: G00784981].
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