Panorays: Top Competitors, Alternatives and Reviews

A side-by-side comparison of Panorays with its main competitors. Easily compare performance across multiple categories and understand what the market is saying with independent reviews.

Panorays feature-by-feature comparisons

Here are a couple of handy feature-by-feature comparisons to help you compare Panorays to the competition.
General summary
Panorays is an IT Vendor Risk Management solution focused on security ratings, vendor assessments, and automated questionnaire workflows. It combines external attack surface monitoring and vendor risk questionnaires, delivering comprehensive visibility into vendor security postures. Panorays specializes in providing clear, unified security ratings and simplifying the vendor onboarding process, though it lacks fully real-time monitoring capabilities.
5 stars
UpGuard is an end-to-end third-party risk management platform with best-in-class time-to-value and scalability from initial implementations to beyond. 
UpGuard delivers powerful, integrated tools for automated third-party monitoring, in-depth risk assessment and remediation, and one-click reporting. 
By combining actionable insights with built-in risk management workflows, UpGuard helps organizations maintain comprehensive oversight of their supply chain security posture and equips them with the necessary tools to shut down emerging risks rapidly.
SecurityScorecard is a cybersecurity ratings platform that monitors external-facing vendor networks. It aggregates risk signals from various sources to produce vendor security ratings. SecurityScorecard integrates with SIEM and GRC tools and provides insights that mitigate supply chain attacks. However, risk assessment workflows are managed separately via the Atlas module, which can lead to fragmented processes that could delay vendor assessment delivery and impact program efficiency
Bitsight is a cybersecurity ratings platform that continuously monitors organizational and vendor security postures. It collects and analyzes data from multiple sources—including botnet and malware intelligence—to offer evidence-based risk insights. Bitsight also integrates with GRC and TPRM workflows, allowing teams to proactively mitigate threats across their extended supply chain. However, Bitsight’s pricing structure can complicate scalability.
Black Kite is a third-party cyber risk management platform emphasizing external risk visibility, financial impact modeling, and compliance automation. Black Kite uses non-intrusive OSINT-based scans to discover assets and vulnerabilities, presenting findings as easy-to-read letter grades. However, by excluding critical TPRM workflows, Black Kite’s potential for effective third-party risk management is significantly limited.
Key strengths
Panorays excels in automated questionnaire workflows, simplifying vendor assessments and onboarding processes. Its unified security rating system effectively quantifies external and internal vendor risks, delivering valuable insights to executive stakeholders. The platform integrates external scans, questionnaires, and certifications into auditable security attestations.
UpGuard excels by completing full vendor scans every 24 hours, which provides near real-time visibility into vendor security postures while seamlessly integrating native end-to-end AI-powered vendor assessment workflows.
UpGuard's licensing model and efficient learning curve offer best-in-class time to value and program efficiency.
SecurityScorecard covers an extensive range of cyber intelligence, drawing from open, proprietary, and dark web sources to identify vendor security risks and assess IP reputation risks. SecurityScorecard’s well-known A–F letter grade system makes it approachable for executives and large enterprises.
In addition to risk monitoring, Bitsight employs analytical forecasting to estimate future security trajectories. It integrates with platforms like ServiceNow, JIRA, and PowerBI to suit more advanced workflows. This network of partnerships, coupled with strong institutional acceptance, reinforces Bitsight’s profile with complex organizations.
Black Kite takes a diverse approach to cyber risk quantification with a methodology heavily based on the Open FAIR™ standard. This allows Black Kite to derive their varying cyber risk insights from a consistent quantification base.
Key weaknesses
Panorays underperforms in its reporting capabilities, offering limited options for customizing reports and dashboards. The platform does not natively support TPRM workflows, forcing customers to purchase additional tools to fill TPRM process gaps.
UpGuard's focus on core frameworks like ISO 27001 and NIST offers robust coverage for most security and compliance needs, though organizations requiring highly specialized or region-specific regulations may choose to augment it with dedicated GRC modules. 
Its strengths in cybersecurity and continuous monitoring ensure strong TPCRM capabilities, but those seeking an all-encompassing governance solution (e.g., covering environmental or privacy regulations) might benefit from additional integrations.
SecurityScorecard's staggered scan cycles disrupts real-time vendor security posture visibility. IP attribution issues are also cited as common scanning problems. Additionally, vendor monitoring and risk assessments are licensed separately, which may increase purchasing complexity and limit coverage of end-to-end visibility of supply chain vendors
Bitsight's pricing structures can quickly escalate operational expenses for TPRM programs and create complicated decisions regarding the extent of risk visibility that can be deployed for vendors within a supply chain. Customers additionally cite attribution challenges for risks and assets within shared IP and cloud environments, which require support request submissions to address. Monitoring and assessment capabilities are also separately licensed, which may increase purchasing complexity and limit end-to-end coverage to several vendors within supply chains.
Black Kite does not offer vendor questionnaires or risk assessments as part of their solution offerings. While Black Kite's quantification-forward approach may be sufficient for some, customers with requirements for vendor security reviews and assurance documents for compliance needs will likely require an additional solution for this capability.
Usability and learning curve
Panorays offers a user-friendly platform with automated workflows and straightforward vendor onboarding, making it relatively easy for teams to adopt. However, the complex structure of optional questionnaire responses and segmented refresh rates for monitoring can introduce minor learning curve challenges, particularly for teams new to Vendor Risk Management practices.
UpGuard offers best-in-class time to value for initial implementations. 
UpGuard's platform architecture is designed from the ground up to deliver a quick and shallow adoption curve. UpGuard's clean and intuitive interface ensures ease of ongoing operation and rapid pick-up from new staff members as needed.
SecurityScorecard's dashboards and clear A-F grading help non-technical stakeholders quickly grasp vendor risk exposure. However, some users report multiple drill-down steps required to reach specific risk insights, which could lengthen new user learning curves
Bitsight is generally intuitive for professionals familiar with security ratings, with an interface offering clear vendor risk summaries. However, some advanced features require more expertise and time to leverage effectively, particularly when deploying Bitsight's separate modules for monitoring and risk assessments.
Black Kite's interface is designed around letter-grade dashboards and detailed risk findings for its range of quantification options offered. However, insights for each focused rating are not clearly segmented by audience and often bleed across the entire platform. This can make the relevance of platform insights less consistent for specialized users, even within teams.
Community support
Star rating
Some users have reported unsatisfactory customer support. Given Panorays' smaller customer base compared to other competitors, this is likely due to resource constraints.
UpGuard Summit brings together a community of security leaders from leading companies, explores the future of security and helps businesses stay secure. The UpGuard cybersecurity and risk management blog is updated four times a week and our breach research blog has uncovered and secured some of the largest data breaches.
Star rating
Generally supportive for enterprise levels, with a community of free users. However, customers at lower licensing tiers report slower responses and less personalized support.
Star rating
Bitsight provides reputable support, particularly for large enterprises with dedicated account teams. Smaller organizations may experience less responsiveness and find self-service documentation limited.
Star rating
Black Kite's users report mixed support experiences: some find support teams responsive with weekly check-ins, while others cite slower resolution times and inconsistent follow-up on false positives and duplicate findings.
Release rate
Star rating
Panorays’ support pages do not currently appear to document release notes about changes to the platform’s functionalities.
4 stars
UpGuard has adopted DevOps principles internally to develop, test, and release software continuously, ensuring fast, consistent, and safe releases.
Star rating
Makes releases as needed throughout the year, consistently enabling customer users to access information logs of beneficial changes.
Star rating
Bitsight does not publicly disclose product release cycle periods but does provide overviews of significant platform updates via their corporate blog.
Star rating
Pricing and support
Star rating
Panorays offers a free plan for assessing up to five vendors and a full-featured free trial. However, detailed public pricing information is not disclosed, and users must contact sales directly for tailored quotes. Panorays features a complex pricing structure involving multiple service tiers (Continuous 360° Evaluation, Bi-Annual 360° Evaluation, Continuous Posture Evaluation, Bi-Annual Posture Evaluation, Smart Questionnaires), potentially complicating purchasing decisions and budget forecasting
5 stars
UpGuard has a transparent pricing model which you can view here. UpGuard pricing starts at $5,999/year and scales with your company.
Star rating
Public pricing information is not available. Offers a free plan and a 14-day free trial for paid plans.
Star rating
Public pricing is not available. Does not publically offer a free trial.
Star rating
Public pricing details are limited. Costs typically rise based on the number of monitored vendors, which can become significant for large supply chains. Some organizations report that the step up in licensing for “critical” vendors can be expensive.
API and extensibility
Star rating
Panorays includes core integrations such as SSO and API access, particularly at higher-tier subscription levels. Additional specialized integrations or advanced API functionalities may incur extra costs. The platform offers straightforward connectivity options but may require supplemental investments for extensive customization or complex integrations.
4 stars
UpGuard offers a standard API to pull data into other enterprise applications.
Star rating
Bitsight integrates with popular platforms like ServiceNow and Splunk, offering APIs for custom reporting and automation. Offers integrations with RSA Archer GRC, CyberGRX, OneTrust Vendorpedia, ProcessUnity, MetricStream, and more.
Star rating
Bitsight integrates with popular platforms like ServiceNow and Splunk, offering APIs for custom reporting and automation. Offers integrations with RSA Archer GRC, CyberGRX, OneTrust Vendorpedia, ProcessUnity, MetricStream, and more.
Star rating
While no exhaustive list of native integrations is publicly available, Black Kite generally supports exporting scan results to external systems.
Third-party integrations
Star rating
Offers out-of-the-box integrations with a limited number of third-party platforms such as ServiceNow and RSA Archer. However, most alerting connections to third-party platforms will require development support for custom integrations available via the standard webhook connector available in the platform.
4 stars
Connect UpGuard with over 4,000+ apps using our Zapier integration.
Star rating
Offers integrations with several third party platforms, such as RSA Archer, ServiceNow, and more.
Star rating
Offers integrations with RSA Archer GRC, CyberGRX, OneTrust Vendorpedia, ProcessUnity, MetricStream, and more.
Star rating
Integrates with Supply Wisdom and VendorInsight.
Customers
Star rating
Major customers include Avis, Arvest, Quantum, and Payoneer.
5 stars
The New York Stock Exchange (ICE), Morningstar, TDK, PagerDuty, Hopin, and IAG. Read our customer stories.
Star rating
Major customers include Symantec, Pepsico, Two Sigma, and Stony Brook University.
Star rating
Major customers include Optus / Singtel, The University of North Florida, Snam, and PROSA.
Star rating
Major customers include Morgan Lewis, Healthfirst, Navy Federal, and Maersk.
G2 rating
Accurate as of March 2025
Star rating
4.3, based on 35 reviews.
5 stars
4.5, based on 383 reviews. Named a G2 Market Leader for Third Party & Supplier Risk Management Software.
Star rating
4.2, based on 75 reviews.
Star rating
4.6, based on 44 reviews.
Star rating
Currently not rated.
Predictive capabilities
Star rating
Reviews many important breach vectors to assess the supply chain attack surface, including phishing, ransomware susceptibility, man-in-the-middle attacks, DNSSEC, vulnerabilities, email spoofing, domain hijacking, and DNS issues. However, threat and risk intelligence enabling greater visibility into supply chain data leakages, compromised corporate identities, and brand fraud is not currently supported.
5 stars
As UpGuard checks for misconfigurations across your Internet footprint, many important breach vectors are covered, including phishing, ransomware susceptibility (like WannaCry), man-in-the-middle attacks, DNSSEC, vulnerabilities, email spoofing, domain hijacking, and DNS issues. Data leaks are automatically surfaced by the platform for your team to assess and close before they become breaches.
Star rating
SecurityScorecard utilizes active and passive data collection methods that are publicly available. The data collected provides indicators of risk relating to open ports, DNS, HSTS, SSL (and more) that are processed via their proprietary algorithm to produce individual security ratings.
Star rating
Bitsight is widely recognized for malware and botnet reporting, though attribution to hosting providers or shared IP ranges can lead to accuracy challenges requiring correction support.
Star rating
Performs non-intrusive checks including passive DNS, attack surface detection, passive vulnerability scanning, DNS health, SSL/TLS strength, and email security, as well as asset reputation, credential compromises, hacktivist shares, social media monitoring, dark web search, cloud delivery network security, fraudulent apps, and DDoS detection. They do not, however, provide real transparency into the efficacy of these checks.
Security rating
X
950
/ 950
X
950
/ 950
X
950
/ 950
X
950
/ 950
X
950
/ 950

Panorays Pricing

Panorays provides a free plan that allows users to assess up to 5 third party vendors. It also offers a full-featured free trial. Panorays does not publicly list detailed pricing for its various tiers. Prospective customers must contact the sales team to recieve a quote.

Panorays’ paid packages span multiple service tiers, including Continuous 360° Evaluation, Bi-Annual 360° Evaluation, Continuous Posture Evaluation, Bi-Annual Posture Evaluation, and a dedicated Smart Questionnaires plan. These options may combine continuous monitoring (via external attack surface scans and questionnaires) or focus on questionnaires only, depending on organizational needs.

Add-ons and additional costs

The following add-ons and services can increase final costs for Panorays:

  • Third-Party Inventory: Maintaining a vendor inventory can be licensed as an extra module.
  • Professional Services: Paid consulting and guidance are available for organizations requiring additional support.
  • Core Integrations: While integrations such as SSO and API access are included in higher-tier packages, certain advanced or specialized features might incur additional costs.

How does Panorays' pricing compare to its competitors?

UpGuard  

UpGuard's pricing starts at USD 1,599 per month. For complex TPRM requirements, the platform offers enterprise-grade plans for unlimited vendor monitoring and data leak detection. 

UpGuard offers a free plan supporting monitoring for up to 5 vendors, which includes access to risk assessment and remediation workflows. 

A 14-day trial is also available for paid tiers. A major differentiator is UpGuard's built-in TPRM workflows, which save users from purchasing additional tools to fill TPRM process gaps.

For more details, see UpGuard's pricing page.

SecurityScorecard

SecurityScorecard does not publicly disclose its pricing information, but they are generally recognized as among the premium-priced options in this space. 

A free plan (limited to self-monitoring) and a 14-day free trial of its Business Plan—which includes monitoring up to five vendors with core alerts—are available.

A range of additional modules and upgrades, such as Attack Surface Intelligence (ASI) and compliance framework mapping, come at an extra cost. SecurityScorecard's MAX plan, a top-level managed service, combines all these offerings plus dedicated board-level reporting and concierge-level customer support, but it also carries a premium price tag.

Bitsight  

Bitsight does not publicly disclose its pricing, though it's commonly considered to sit at the higher end of the pricing spectrum. While there is no ongoing free plan or standard free trial, BitSight does offer a one-time security rating snapshot and industry benchmark report as an initial introduction to the platform's capabilities.

Costs can rise depending on the number of entities (e.g., vendors, subsidiaries) monitored, as each addition may incur higher fees. Premium features—such as deeper risk vector reporting, lengthy historical data retention, and integration with platforms like ServiceNow or OneTrust—can also increase final costs.

Users can opt for managed service tiers with varying degrees of hands-on support (Low, Medium, or High Touch), but these come at additional costs.

RiskRecon

RiskRecon does not disclose any pricing information. The platform offers a 30-day free trial that covers monitoring for up to 50 vendors. However, this plan automatically transitions into a paid 12-month subscription unless a written cancellation notice is provided at least 15 days before the trial's end.

Additional modules such as compliance mapping (NIST, ISO 27001, GDPR), a Whistic integration for vendor assessments, and custom policies may drive up costs. RiskRecon may raise subscription rates annually in line with the greater of 3% or the Consumer Price Index, making careful contract review essential for those intending to scale usage over time.

OneTrust

OneTrust does not publish pricing details and charges for implementation. A free plan is not available, and a free trial is not publicly offered. The platform offers a range of functions, from consent management to third-party risk (Vendorpedia), privacy requests/DSAR automation, and AI governance, but these can incur additional monthly charges. OneTrust also charges an implementation fee.

Black Kite  

Black Kite does not publicly disclose its fees and typically structures costs around the number of vendors monitored plus any premium capabilities chosen (e.g., advanced threat intelligence, a Ransomware Susceptibility Index). 

Implementation, configuration, and user licenses are included in its core package at no extra charge. However, subscription fees can climb quickly once organizations exceed their initial vendor count or opt for specialized add-ons.

A one-time complimentary assessment for a small set of vendors is available as a starting point, but full platform access and ongoing monitoring require a paid subscription.

Vanta  

Vanta keeps its subscription costs private, offering neither a free tier nor a standard free trial. Instead, the company provides product demonstrations to showcase its compliance automation features. 

Its standard subscription only supports one compliance standard (i.e., ISO 27001). Those needing to track alignment against multople standards will see total costs rise accoridngly. Additional user seats, integrations, and advanced reporting tools can also drive up expenses. 

Panorays Reviews

Gartner Peer Insights

Overall ratings for the IT VRM Solutions market. Accurate as of January 2024
UpGuard

UpGuard

5 stars
4.4, based on 160 reviews. Named a Representative Vendor in the 2022 Gartner Market Guide for IT VRM Solutions

Panorays

4.4, based on 91 reviews.

G2

Accurate as of March 2025
UpGuard

UpGuard

5 stars
4.5, based on 383 reviews. Named a G2 Market Leader for Third Party & Supplier Risk Management Software.

Panorays

4.3, based on 35 reviews.

Glassdoor

Accurate as of January 2024
UpGuard

UpGuard

5 stars
4.6

Panorays

4.4, based on 48 reviews.
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