MetricStream Third-Party Management
Third party & supplier risk management software
Vendor security and privacy assessment software
Risk assessment software
- Features
- Ease of use
- Ease of management
- Quality of support
- Affordability
- Market presence
Take the quiz to check if MetricStream Third-Party Management and its alternatives fit your requirements.
Contact the product provider
Free Trial unavailableFree version unavailable
Small
Medium
Large
- Healthcare and life sciences
- Professional services (engineering, legal, consulting, etc.)
- Education and training
What is MetricStream Third-Party Management
MetricStream Third-Party Management is a governance, risk, and compliance (GRC) application used to manage third-party lifecycle risk, including onboarding, due diligence, ongoing monitoring, and issue remediation. It supports risk and compliance teams that need to assess vendors across domains such as operational, regulatory, and information security/privacy requirements. The product typically fits organizations that want a centralized system of record for third-party profiles, assessments, controls, findings, and approvals. It is commonly deployed as part of a broader MetricStream GRC platform to align third-party risk with enterprise risk and compliance workflows.
Broad third-party risk workflows
Supports end-to-end third-party risk processes such as intake, inherent risk scoring, due diligence, periodic reviews, and offboarding. It can track third-party hierarchies, services provided, criticality, and risk domains in a structured repository. Workflow and task management help coordinate stakeholders across procurement, security, legal, and business owners. This breadth suits organizations that need standardized processes across many vendor types and geographies.
Platform alignment with GRC
Integrates third-party risk activities with enterprise GRC constructs such as risks, controls, issues, and remediation plans. This helps teams map vendor findings to internal control frameworks and consolidate reporting for audits and management oversight. Shared data models can reduce duplication between third-party assessments and broader compliance programs. It is useful when third-party risk is governed alongside enterprise risk management and compliance obligations.
Configurable assessments and reporting
Provides configurable questionnaires, scoring models, and approval workflows to reflect internal policies and risk appetite. Reporting and dashboards support oversight of vendor status, assessment completion, exceptions, and remediation progress. Configuration enables different assessment paths for vendor tiers and risk domains (e.g., security, privacy, financial, operational). This flexibility is valuable for organizations with multiple business units and varied vendor populations.
Implementation can be resource-intensive
Deployments often require significant configuration to match an organization’s third-party taxonomy, risk models, and approval processes. Data migration and integration with procurement, IAM, ticketing, and security tools can add project scope. Organizations with limited GRC administration capacity may need external services to implement and maintain the system. Time-to-value may be longer than lighter-weight vendor assessment tools.
Best fit for mature programs
The product’s breadth can be more than what smaller teams need for basic vendor security questionnaires and tracking. Users may face process overhead if the organization does not have defined third-party governance, roles, and escalation paths. Teams seeking a simple, out-of-the-box workflow for security reviews may find the platform requires more design decisions. It tends to fit enterprises with established risk and compliance operating models.
Integration depth varies by environment
While the platform can integrate with other enterprise systems, the level of effort depends on available connectors, APIs, and the customer’s architecture. Achieving near-real-time synchronization with procurement/ERP, contract repositories, and security evidence sources may require custom work. Ongoing maintenance is needed when upstream systems change. This can affect automation goals for continuous monitoring and evidence collection.
Plan & Pricing
| Plan | Price | Key features & notes |
|---|---|---|
| MetricStream Third-Party Management (TPRM) | Pricing available on request / Contact sales | Enterprise SaaS product; official product page provides feature details and a "Request Demo" but no public pricing listed. |
| ConnectedGRC — Prime (preconfigured package) | Pricing available on request / Contact sales | MetricStream press release and product marketing note three preconfigured packages (Prime, Premium, Enterprise) for ConnectedGRC; no public prices shown. |
| ConnectedGRC — Premium (preconfigured package) | Pricing available on request / Contact sales | Preconfigured package; no public price listed on official site. |
| ConnectedGRC — Enterprise (preconfigured package) | Contact sales / Custom pricing | Enterprise package; pricing not published on the website; engage sales for quotes. |
Notes: All pricing information on MetricStream's official site is presented as "pricing available on request" or via contact forms. No list prices, per-user pricing, or pay-as-you-go rates for Third-Party Management were published on the vendor's official website at the time of research.
Seller details
MetricStream, Inc.
San Jose, California, USA
1999
Private
https://www.metricstream.com/
https://x.com/metricstream
https://www.linkedin.com/company/metricstream/
