About Tool

Trust360 enables companies to assess and manage the risk profiles of vendors, contractors, suppliers, and other third-party partners. The platform collects and consolidates data about third parties such as security posture, compliance certifications, contract terms, and audit history  then evaluates and scores their risk. It offers workflows for onboarding new vendors, continuous monitoring, alerting on changes or issues, and generating compliance reports. This supports businesses in making informed decisions about partners, maintaining regulatory compliance, and protecting against risks associated with outsourcing or vendor relationships.

Key Features

• Third-party risk assessment and scoring based on predefined criteria (security, compliance, performance, history)
• Vendor/vendor-onboarding workflows with documentation collection, verification tasks, and configurable checklists
• Continuous monitoring and alerting for vendor changes compliance lapses, security incidents, or adverse events
• Compliance reporting and audit readiness generate reports showing vendor status, risk levels, and evidence of compliance
• Centralized vendor management dashboard to track vendors, risk metrics, contract expiry, renewals, and performance history
• Collaboration features for stakeholder reviews and approvals  multiple team members can review vendor assessments and decisions

Pros:

• Helps organizations manage and mitigate third-party risks systematically rather than manually tracking vendors
• Offers continuous monitoring and alerts reduces chance that vendor issues go unnoticed
• Centralized vendor data and documentation storage simplifies audit prep and compliance reporting
• Supports structured vendor onboarding and approval workflows  standardizing process and reducing manual mistakes
• Useful for regulated industries or businesses with large vendor networks needing strong compliance and oversight

Cons:

• For very small businesses or organizations with few vendors, the platform may offer more than necessary overhead may outweigh benefits
• Requires accurate and consistent data input risk scores and monitoring are only as good as the data provided
• Customizing risk criteria and workflows may need some setup effort depending on organization’s complexity
• Dependence on third-party data sources or vendor cooperation may limit effectiveness if vendors don’t provide required information

Who is Using?

Trust360 is used by mid-size to large enterprises, procurement teams, compliance departments, operations teams, and organizations in regulated sectors (e.g. finance, healthcare, supply chain) that work with many vendors, partners, or contractors. It’s ideal for companies looking to standardize vendor management, strengthen oversight, and reduce third-party risk exposure.

Pricing

Trust360 uses a subscription-based pricing model, typically scaling with number of managed vendors, number of users, and level of monitoring or compliance features required. It is tailored more towards organizations with sizeable vendor networks or compliance needs rather than small-scale use.

What Makes Unique?

Trust360 combines vendor onboarding, risk assessment, continuous monitoring, and compliance reporting into a unified platform rather than leaving these tasks to spreadsheets or disparate tools. Its emphasis on ongoing monitoring and alerting helps organizations catch issues early. The ability to score vendors and standardize onboarding workflows adds structure, consistency, and audit-readiness to vendor management.

How We Rated It:

• Ease of Use: ⭐⭐⭐⭐☆ — Dashboard and workflows help simplify vendor oversight; requires accurate data input
• Features: ⭐⭐⭐⭐☆ — Comprehensive vendor risk scoring, monitoring, onboarding workflows, and compliance reporting
• Value for Money: ⭐⭐⭐⭐☆ — Valuable for companies with many vendors or regulatory requirements; may not suit very small operations
• Flexibility & Utility: ⭐⭐⭐⭐☆ — Suitable for diverse industries and vendor scenarios, especially where compliance and risk are priorities

Trust360 gives organizations a structured, scalable way to manage vendor relationships, assess third-party risks, and ensure compliance avoiding the pitfalls of manual tracking. For companies with large supplier or vendor networks, or those operating under regulatory constraints, it offers a robust, audit-ready system to maintain oversight. While it may be more than needed for small businesses with few vendors, for enterprises and compliance-heavy operations, Trust360 provides real value in risk management and vendor governance.