3rdRisk vs.

DRATA

Understanding the Core Focus

3rdRisk is a European-built platform designed for managing third-party risk, internal control, and compliance in a single, integrated environment. It combines AI-driven vendor segmentation, due diligence, and continuous monitoring to help organisations understand and manage risks across their supply chain. Its focus is on operational resilience, supplier governance, and compliance with European regulations such as NIS-2, DORA, and EBA Outsourcing Guidelines.

Drata, by contrast, specialises in automating internal compliance workflows. The platform connects directly to internal systems (such as cloud infrastructure, HR tools, and ticketing systems) to collect evidence and maintain audit readiness for frameworks like SOC 2, ISO 27001, HIPAA, and GDPR. Its goal is to simplify and automate compliance management within the organisation rather than across third-party networks.

Vendor Onboarding and Monitoring

3rdRisk streamlines vendor onboarding with configurable templates for due diligence, risk assessments, and control testing. Its AI document analyser reads supplier artefacts such as SOC 2 reports or security questionnaires, automatically identifying key risks and areas of non-compliance. Once suppliers are onboarded, the platform enables continuous monitoring through external data integrations, including cybersecurity ratings, sanctions lists, and ESG signals, with automated alerts when a supplier’s risk profile changes.

Drata focuses on internal automation. It automatically collects and validates evidence from a company’s systems to demonstrate compliance with selected frameworks. However, it offers limited functionality for vendor risk management—it does not evaluate or monitor external suppliers. Vendor risk assessments must therefore be conducted and tracked outside the platform or via custom integrations.

Compliance Coverage

3rdRisk provides prescriptive, regulation-specific workflows for major European requirements, including NIS-2, DORA, and the EBA Outsourcing Guidelines. The platform comes with preconfigured templates and control libraries aligned to these frameworks, enabling organisations to quickly implement compliance programmes without starting from scratch. It also supports mapping across multiple frameworks, so users can reuse existing controls to demonstrate compliance across different regulations.

Drata offers strong coverage for global standards such as SOC 2, ISO 27001, HIPAA, GDPR, and PCI DSS. Its compliance coverage is broader geographically but primarily focused on IT and cloud environments. Drata provides mapping tools that connect controls to frameworks, but the actual execution of many compliance steps—particularly those involving third parties or business processes—remains manual.

Integrations and Workflow Fit

3rdRisk integrates with procurement systems, GRC tools, and enterprise platforms such as ServiceNow, SAP Ariba, and Workday. This allows compliance, procurement, and risk teams to work collaboratively within one environment. It also integrates with external data providers to enrich risk assessments, combining operational, financial, ESG, and cyber intelligence into one supplier view.

Drata integrates deeply with IT and cloud systems—including AWS, Azure, Google Cloud, GitHub, and Okta—to automate evidence collection and control monitoring. Its integrations are optimised for engineering, IT, and security teams managing technical compliance. It fits best in organisations where compliance is technology-driven rather than risk-driven.

Reporting and Dashboards

3rdRisk provides risk-focused dashboards that visualise exposure across suppliers, business units, and compliance domains. Users can view heatmaps, inherent and residual risk scores, and progress against control testing or remediation activities. Executive summaries highlight trends, overdue actions, and regulatory alignment—helping leadership maintain oversight of the organisation’s overall risk posture.

Drata offers real-time compliance dashboards showing the live status of internal controls, audit readiness, and evidence collection. These dashboards are ideal for compliance managers and auditors monitoring the progress of internal certification programmes. However, they are less suited to tracking supplier-related risks or cross-functional risk metrics.