Panorays vs Smarsh Vendor Risk Management

Panorays provides a third-party cybersecurity platform intended to reduce supply-chain cyber risk and help companies do business securely. It assesses suppliers through customized questionnaires, external attack-surface assessments, inherent risk based on business and technology profiles, and customer risk policies. Ratings combine supplier responses and technical assessments with the customer's security standards and business context. Teams can use built-in questionnaire templates, customize questions or create their own. Continuous monitoring can alert teams to supplier security changes or breaches; dependency mapping covers third-party and nth-party relationships and supports a current supplier inventory. Listed integrations include Archer, Jira, ServiceNow, Salesforce, Slack, Splunk, SAP and Zapier. Panorays also describes a REST API backend and API upload for supplier management. Its security information includes encryption at rest and in transit, TLS 1.2, SAML 2.0, SSO, MFA and role-based API scopes. Panorays states ISO/IEC 42001:2023 and ISO/IEC 27001:2022 certifications and a SOC 2 Type II review. Pricing is on request, customized to risk strategy and assessment needs; a free trial is available.

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