Panorays Customer Reviews 2024

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Panorays

Composite Score

7.9 /10

CX Score

7.8 /10

9 Reviews Write a Review

What is Panorays?

Panorays automates third party security management. The platform enables companies to easily view, manage and engage on the security posture of their third-parties, vendors, suppliers, and business partners. With the Panorays platform, companies dramatically shorten their third-party security evaluation process and gain continuous visibility while ensuring compliance to regulations such as GDPR and NY DFS. Panorays is a SaaS-based platform, no installation needed.

Company Details

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Panorays Ratings

Real user data aggregated to summarize the product performance and customer experience.

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

90 Likeliness to Recommend

100 Plan to Renew

86 Satisfaction of Cost Relative to Value

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Emotional Footprint Overview

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

+92 Net Emotional Footprint

The emotional sentiment held by end users of the software based on their experience with the vendor. Responses are captured on an eight-point scale.

How much do users love Panorays?

0% Negative

0% Neutral

100% Positive

Pros

Helps Innovate
Trustworthy
Caring
Saves Time

Feature Ratings

Average 90

Risk Monitoring

Vendor Risk Assessments

GRC Integration

Vendor Onboarding

Risk Scoring

Process Library

Hierarchy Management

Contract Management

Compliance Monitoring

Self Service Portal

Alerts/Notifications

Vendor Capability Ratings

Average 87

Ease of Implementation

Vendor Support

Usability and Intuitiveness

Quality of Features

Availability and Quality of Training

Ease of IT Administration

Breadth of Features

Business Value Created

Ease of Customization

Ease of Data Integration

Product Strategy and Rate of Improvement

Panorays Reviews

Kedar A.

Role: Student Academic
Industry: Food and Beverage
Involvement: Vendor Management and Renewal

Validated Review

Verified Reviewer

Submitted Jul 2023

Fantastic product

Likeliness to Recommend

9 /10

What differentiates Panorays from other similar products?

In depth features and complete information regarding the vendor. Easy to use

What is your favorite aspect of this product?

Risk scoring

What do you dislike most about this product?

No vendor risk assessment available

What recommendations would you give to someone considering this product?

Best software for vendor risk management and user friendly

Pros

Client Friendly Policies
Friendly Negotiation
Helps Innovate
Continually Improving Product

Role: Information Technology
Industry: Technology
Involvement: End User of Application

Validated Review

Anonymous Reviewer

Submitted Jun 2023

Great product! I recommend the TPRM to all orgs

Likeliness to Recommend

8 /10

Pros

Friendly Negotiation
Helps Innovate
Caring
Saves Time

Eamon O.

Role: Vendor Management
Industry: Banking
Involvement: Vendor Management and Renewal

Validated Review

Verified Reviewer

Submitted May 2023

great improvement on manual coordination

Likeliness to Recommend

8 /10

What differentiates Panorays from other similar products?

I have not used any similar products

What is your favorite aspect of this product?

Reporting, excel exports

What do you dislike most about this product?

Could be more customised options

What recommendations would you give to someone considering this product?

Have a good understanding of what you need in terms of reporting capability

Pros

Reliable
Performance Enhancing
Enables Productivity
Trustworthy

Latest Research

Panorays

What is Panorays?

Company Details

Need Assistance?

Panorays Ratings

90 Likeliness to Recommend

100 Plan to Renew

86 Satisfaction of Cost Relative to Value

Emotional Footprint Overview

+92 Net Emotional Footprint

How much do users love Panorays?

Pros

Feature Ratings Average rating of all product features, some of which may not be shown below

Risk Monitoring Actively monitors and alerts to increased risk, vulnerability, compromise, etc. of current vendors

Vendor Risk Assessments Ability to automate the creation of vendor questionnaires. Solution can also automatically send and receive these questionnaires.

GRC Integration Seamlessly share data between the tool and a Governace, Risk, and Compliance (GRC) product.

Vendor Onboarding Provides workflows to onboard new vendors by ensuring compliance with both internal and regulatory policies.

Risk Scoring Provides a visualized overall risk score that consolidates and normalizes assessment results and allows for comparisons against other third parties.

Process Library A repository of documented processes which can be accessed for revision.

Hierarchy Management Ability to determine and visualize relationships between companies, ownership structure, etc.

Contract Management Includes contract creation, approval process, compliance management, and contract database.

Compliance Monitoring Ensure vendors/contracts are in compliance with all relevant laws, GDPR, etc.

Self Service Portal Allow vendors/suppliers to upload documentation to be assessed for risk tolerance.

Alerts/Notifications Automated notifications about changes, risks, etc.

Vendor Capability Ratings Average rating of all vendor capabilities, some of which may not be shown below

Ease of Implementation Successfully implementing new software is necessary to realize its full value and promote end user adoption. This data indicates whether or not the product is easy to implement.

Vendor Support The importance of vendor support will vary for each organization depending on internal capabilities, but there will always be issues that only the vendor can resolve.

Usability and Intuitiveness End user learning curves cost the organization money. Pay attention to your end users' technical ability to determine how important UX is in your purchase.

Quality of Features Feature quality is just as important as quantity. Use this data to determine if this product will do what you're purchasing it to do, easily, intuitively, reliably, and effectively.

Availability and Quality of Training Effective and readily available training enables users to get the most out of the software you've chosen. Use this section to make sure your vendor's training programs and materials measure up.

Ease of IT Administration This data indicates whether IT personnel will be able to resolve issues and perform configurations efficiently and effectively.

Breadth of Features Users prefer feature rich software that enables them to perform diverse series of tasks. This data expresses user satisfaction with the product's breadth of features.

Business Value Created Software needs to create value for employees, customers, partners, and, ultimately, shareholders. This data expresses user satisfaction - or lack thereof - with the product's business value.

Ease of Customization Don't get bogged down in a difficult customization; use this data to make sure you can easily achieve the functionality you need for your particular situation.

Ease of Data Integration Use this data to determine whether the product will cause headaches or make data integration easy.

Product Strategy and Rate of Improvement Vendors who don't stay on top of emerging needs and trends won't enable you to meet your business goals. Use this data to separate innovators from imposters.

Panorays Reviews

Kedar A.

Fantastic product

Likeliness to Recommend

Pros

Great product! I recommend the TPRM to all orgs

Likeliness to Recommend

Pros

Eamon O.

great improvement on manual coordination

Likeliness to Recommend

Pros

Title

Feature Ratings

Risk Monitoring

Vendor Risk Assessments

GRC Integration

Vendor Onboarding

Risk Scoring

Process Library

Hierarchy Management

Contract Management

Compliance Monitoring

Self Service Portal

Alerts/Notifications

Vendor Capability Ratings

Ease of Implementation

Vendor Support

Usability and Intuitiveness

Quality of Features

Availability and Quality of Training

Ease of IT Administration

Breadth of Features

Business Value Created

Ease of Customization

Ease of Data Integration

Product Strategy and Rate of Improvement