Panorays Customer Reviews 2024

Panorays

Composite Score

8.3 /10

CX Score

8.2 /10

10 Reviews Write a Review

Claim Software

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

88 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.

+93 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 91

Risk Monitoring

Vendor Risk Assessments

Vendor Onboarding

Risk Scoring

GRC Integration

Hierarchy Management

Process Library

Compliance Monitoring

Alerts/Notifications

Reporting and Dashboards

Self Service Portal

Vendor Capability Ratings

Average 88

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

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

Sanja C.

Role: Vendor Management
Industry: Banking
Involvement: Business Leader or Manager

Validated Review

Verified Reviewer

Submitted May 2023

Great Product, easy to customize & user friendly

Likeliness to Recommend

10 /10

What differentiates Panorays from other similar products?

Easy to implement, customize and use. Main differentiator is ability to for vendors and internal users to upload documents and create customizable dashboards and alerts. Panorays, to us, is a single source of true for all Vendor Management information (materiality assessments, vendor due diligence, concentration risk, etc.) ,

What is your favorite aspect of this product?

Ability to customize to fit our needs

What do you dislike most about this product?

Risk Profiles are very sensitive: any volatility that a vendor has (even if it is not directly related to vendor risk) will impact vendor's overall risk profile

What recommendations would you give to someone considering this product?

We have reviewed several different options, and found that Panorays gives us everything we need at a reasonable cost. It truly is a lot more than just a Cyber Security/Info Security tool

Pros

Helps Innovate
Continually Improving Product
Trustworthy
Efficient Service

Neerajprasad S.

Role: Information Technology
Industry: Insurance
Involvement: IT Development, Integration, and Administration

Validated Review

Verified Reviewer

Submitted May 2023

Third party security risk management handled best!

Likeliness to Recommend

10 /10

What differentiates Panorays from other similar products?

Provides the best third-party security risk management which leads to security risk free operation of our products and better turnaround time.

What is your favorite aspect of this product?

Third party security risk management.

What do you dislike most about this product?

We don't dislike any thing about this product.

What recommendations would you give to someone considering this product?

Best third-party security risk management tool.

Pros

Helps Innovate
Continually Improving Product
Reliable
Performance Enhancing

Panorays

What is Panorays?

Company Details

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Panorays Ratings

90 Likeliness to Recommend

100 Plan to Renew

88 Satisfaction of Cost Relative to Value

Emotional Footprint Overview

+93 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.

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.

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

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

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

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

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

Reporting and Dashboards Customizable and standard reporting aligned with operational, compliance, and audit requirements. Dashboard information that is role based and customizable.

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

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

Eamon O.

great improvement on manual coordination

Likeliness to Recommend

Pros

Sanja C.

Great Product, easy to customize & user friendly

Likeliness to Recommend

Pros

Neerajprasad S.

Third party security risk management handled best!

Likeliness to Recommend

Pros

Feature Ratings

Risk Monitoring

Vendor Risk Assessments

Vendor Onboarding

Risk Scoring

GRC Integration

Hierarchy Management

Process Library

Compliance Monitoring

Alerts/Notifications

Reporting and Dashboards

Self Service Portal

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