UpGuard Vendor Risk is a third-party cyber risk management platform that provides continuous monitoring and assessment of vendor security posture. The platform offers security ratings that are updated multiple times per day to evaluate vendor risk levels. The product includes AI-powered security profiles that analyze vendor controls and risks through document analysis and continuous scanning. Security questionnaire automation is available with pre-configured templates for frameworks including NIST, ISO, SIG, and regional regulations. The platform performs daily scanning of vendors to detect security changes and provides alerts for critical shifts in vendor posture. Risk assessment reports can be generated based on compliance checks and risk management activities. The system consolidates vendor communications and team actions in a centralized platform covering onboarding, assessment, remediation, and ongoing monitoring. Reporting capabilities include scheduled and on-demand reports for stakeholders in various formats. The platform integrates with GRC tools through pre-built integrations and a flexible API. Continuous monitoring operates between formal assessments to track vendor security status changes.