3rdRisk vs. DRATA
Both platforms enhance compliance, but with different focuses. 3rdRisk is purpose-built for third-party risk management and is the preferred solution for managing European frameworks such as NIS2 and DORA. Drata specialises in internal compliance automation for standards like SOC 2 and ISO 27001. In short, 3rdRisk manages risks beyond your walls, while Drata ensures compliance within them.
Why risk managers like you are choosing 3rdRisk
Purpose-built for EU vendor risk
3rdRisk was designed with European regulations like NIS2 and DORA in mind, offering tailored workflows and templates for vendor risk management.
AI-powered due diligence
3rdRisk uses embedded AI to analyse vendor documents, segment suppliers by criticality, and automate assessments—saving teams hundreds of hours.
Collaborative workflows
Integrates with Microsoft Teams to alert stakeholders in real time, enabling seamless cross-functional collaboration without daily logins.
3rdRisk vs. DRATA
To help you quickly assess which platform fits your needs, we’ve broken down the key differences between 3rdRisk and Drata across pricing, usability, integrations, and regulatory focus. Whether you're managing external vendor risk or internal compliance, this table highlights where each solution shines.
Understanding the Core Focus
3rdRisk is a European platform focused on third-party risk and compliance, offering AI-powered vendor segmentation, due diligence, and continuous monitoring. Drata automates internal compliance workflows, helping companies stay audit-ready for standards like SOC 2 and ISO 27001.
Vendor Onboarding & Monitoring
3rdRisk streamlines onboarding with built-in templates and AI document analysis. It monitors vendors via external data feeds and alerts. Drata automates evidence collection from internal systems but offers limited vendor risk analysis.
Compliance Coverage
3rdRisk provides prescriptive workflows for NIS2, DORA, and EBA. Drata offers mapping tools but requires manual execution of compliance steps.
Integrations & Workflow Fit
3rdRisk integrates with procurement and GRC tools, enabling cross-team collaboration. Drata integrates deeply with IT systems for control monitoring.
Reporting & Dashboards
3rdRisk offers risk-focused dashboards with heatmaps and executive summaries. Drata provides compliance dashboards with real-time control status.
Pricing & Scalability
3rdRisk starts below €6,000/year and scales with vendor volume. Drata ranges from $10K–$100K+ and scales with internal system complexity.
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Top reasons to choose 3rdRisk
Choosing the right third-party risk platform isn’t just about features—it’s about finding a solution that fits your workflows, scales with your needs, and keeps you ahead of regulatory change. Here’s why risk professionals across Europe trust 3rdRisk:
All third-party risk data in one place
Manual work to handle third-party risk management is something of the past. Go from five different tools to all data in one platform.
Real-time insights & alerts
Working with spreadsheets doesn’t give you the accurate status of third-party data. Our platform lets you manage third-party data in real-time, providing instant alerts of market updates and incidents.
Clear overview of tasks and responsibilities
Responsibility for supplier and third-party contracts can be confusing. 3rdRisk gives you a clear overview that defines and assigns stakeholder responsibilities, ensuring everyone knows which next steps to take.
Manage & report on third-party risks
Creating, viewing, and analysing reports becomes straightforward and efficient with 3rdRisk. Access detailed reports on the risk status, compliance levels, and performance of your third parties. Get actionable insights and make informed decisions.
Curated content to help you get started
Together with our partners, we develop frameworks, control sets, and surveys, so you never have to start from scratch. Work according to international standards and manage your third-party risks efficiently.
Save time with our AI document analyser
Stop wasting time on analyses of and reports on third-party data. Our AI document analyser does this for you. Saving you time to focus on reducing supplier risks.
Modern, easy-to-use interface
Navigate through our platform effortlessly with a user-friendly interface that makes managing third-party risks and compliance straightforward and efficient.
Seamless integrations
Streamline your operations by seamlessly integrating both internal and external data feeds with the 3rdRisk platform. Take advantage of our ready-to-use API integrations for automation.
Increase engagement with our intelligent chatbot
Who says risk management can’t be fun? Increase stakeholder engagement with gamification and a human-like chatbot, adding a personal touch and improving the user experience.
3rdRisk is trusted by risk managers like you
Read what others say about our third-party risk management platform.
FAQs and answers
We've compiled a list of frequently asked questions and answers for you. Didn't find your question? Contact us, and we'll be happy to answer.
For which industries is the 3rdRisk platform useful?
The 3rdRisk platform is industry-agnostic, designed to be effective and adaptable across all sectors. Regardless of your industry, whether it's finance, healthcare, manufacturing, retail, or technology, our platform provides a flexible framework for managing third-party risk, internal controls, and compliance. With customisable tools and scalable features, 3rdRisk enables businesses of any size and sector to confidently navigate risk and regulatory landscapes.
What integrations are available with the platform?
The 3rdRisk platform offers 40+ out-of-the-box integration options, seamlessly connecting with your existing procurement systems as well as Governance, Risk, and Compliance (GRC) platforms to streamline workflows. Additionally, it integrates with external data sources, including news monitoring services, compliance screening and risk rating providers, to enhance your third-party risk assessments. These integrations enable a comprehensive view of your third-party landscape, supporting informed decision-making and proactive risk management.
How long does the implementation process take?
The implementation process for the 3rdRisk platform is swift and efficient. On average, it takes less than 10 days to get started, and it can be expedited if necessary. For larger organisations requiring custom integrations and tailored configurations, the timeline typically extends to 2-3 months to ensure seamless integration with existing systems and workflows. Our team works closely with you to meet your specific timeline and operational needs.
Which risk domains do you support?
The 3rdRisk platform supports a broad range of risk domains to provide comprehensive coverage for your organisation. Key domains include cybersecurity, sustainability, compliance, data privacy, business continuity and safety risks. Our flexible platform allows you to tailor risk assessments to meet specific needs across various domains, ensuring that you can manage and mitigate risks effectively, regardless of their nature or origin.
How does the 3rdRisk platform stand out in tprm?
The 3rdRisk platform stands out with a range of unique selling points: it’s a multidisciplinary solution with versatile tools adaptable to all risk domains, offering custom branding for a tailored look and feel. Seamless Microsoft Teams integration enables efficient communication, while gamification features activate and engage stakeholders effectively. Fully European, 3rdRisk ensures compliance with EU standards, and its extensive integration options allow it to work effortlessly with your existing systems.
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