ServiceNow IRM requires an IT team to configure, a ServiceNow partner to implement, and a $100,000+ annual budget. VendorAuditly delivers the same vendor risk capabilities — questionnaires, risk scoring, DORA evidence packs — without any of that overhead.
ServiceNow’s Integrated Risk Management (IRM) platform includes a Third Party Risk Management module covering vendor onboarding, assessments, risk scoring, and monitoring. It is powerful — and built for enterprise organisations with IT teams to match.
ServiceNow IRM is designed for companies with 500+ employees, an IT team, a compliance function, and potentially a ServiceNow partner on retainer. Configuration alone typically takes 3-6 months.
ServiceNow IRM pricing is not publicly listed, but analyst estimates place entry-level IRM modules at $100k+/year. Add implementation, customisation, and ongoing IT maintenance and the total cost of ownership is significantly higher.
Often requires a ServiceNow partner at $200+/hrServiceNow IRM is highly configurable, which is also why it takes months to configure. Workflows, assessment templates, risk scoring models, and integrations all require specialist knowledge to set up correctly.
The vast majority of companies that need TPRM — growing fintechs, SaaS companies, professional services firms — cannot justify the cost, implementation time, or operational overhead of ServiceNow. They need the outcome, not the platform.
The same vendor risk outcomes — vendor register, questionnaires, risk scoring, compliance evidence — at a fraction of the cost and setup time.
Both platforms cover the core third-party risk management workflow. The difference is who they are built for. ServiceNow IRM is the right choice if you have a $300k budget, an IT team, and 6 months. VendorAuditly is the right choice if you need vendor risk outcomes today, at a price that fits an SMB.
VendorAuditly covers the TPRM workflow that matters to growing companies: know who your vendors are, assess their risk, track their certifications, and produce evidence when asked.
Import your vendor list or add manually. Classify each vendor by category, data access level, and operational criticality. VendorAuditly maintains a live register that updates as assessments complete.
Send vendor security questionnaires with one click using pre-built templates covering SOC2, GDPR data processing, DORA ICT risk, ISO 27001 supplier controls, and general security due diligence. No template configuration required.
Risk scores are calculated automatically based on questionnaire responses and document completeness. Scores update in real time as new information arrives — no manual recalculation needed.
Store SOC2 reports, ISO 27001 certificates, and cyber liability insurance in one place. VendorAuditly alerts you at 90, 60, 30, and 7 days before each certificate expires — so you are never caught out by a lapsed document.
Generate a complete evidence pack in one click — vendor register, assessment dates, risk ratings, certificates on file, and audit trail. Ready for DORA Article 28 inspections, ISO 27001 A.15 audits, and enterprise customer due diligence requests.
Vendor register, questionnaires, risk scoring, and DORA evidence packs — all at $49/month.
No credit card required. Set up in under an hour.