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What Are the Biggest Challenges in Third-Party Risk Management Today?

Tejal Malusare
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June 16, 2026

As organizations become increasingly dependent on third-party vendors, managing vendor risk has become more complex than ever.

We're interested in understanding the challenges that security, compliance, procurement, and risk teams are facing today when managing third-party relationships.

Some common challenges we've observed include:

  • Collecting vendor assessment information
  • Tracking remediation activities
  • Maintaining audit-ready documentation
  • Monitoring vendor compliance status
  • Managing risk across a growing vendor ecosystem
  • Coordinating between multiple stakeholders and departments

For those involved in vendor governance or risk management:

  • What are the biggest challenges your organization faces?
  • How do you currently assess and monitor vendor risks?
  • Which processes are the most time-consuming?
  • What improvements would you like to see in your current approach?

We'd love to hear perspectives from different teams and learn how organizations are addressing these challenges.

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