Third-Party Risk Management vs Vendor Risk Management | UpGuard

This report is a concise guide comparing Third-Party Risk Management (TPRM) and Vendor Risk Management (VRM), explaining that VRM is a focused subset of the broader TPRM discipline; it outlines key processes (vendor scoping, due diligence, risk assessments, monitoring, communication, and offboarding) and provides best practices to integrate VRM into a TPRM framework, while describing how the UpGuard Vendor Risk platform automates assessments, monitoring, and reporting.