TL;DR
Panorays is an outside-in risk ratings platform – it grades your vendors based on what’s publicly visible and automates questionnaire workflows. Findings goes further: it connects directly to your vendors’ cloud environments to pull real, continuous telemetry. If a security score is enough, Panorays works. If you need actual evidence – not just a grade – Findings is built for that.
At-a-Glance Comparison
| Findings | Panorays | |
|---|---|---|
| Primary approach | Inside-out cloud telemetry + AI assessments | Outside-in security ratings + questionnaires |
| Assessment depth | Real vendor cloud data – not self-reported | External scanning + vendor-submitted responses |
| Continuous monitoring | Yes – live inside vendor environments | Partial – external signals and alerts |
| Trust Exchange | Yes – vendors share verified data once, reused everywhere | Partial – Trust Center, but no shared marketplace |
| Native TPRM workflows | Yes – purpose-built end-to-end | No – requires additional tools for full TPRM lifecycle |
| Frameworks supported | 50+ | Key international regulations and certifications |
| Reporting & dashboards | Customizable risk and compliance reporting | Limited – commonly flagged in reviews |
| Free tier | Yes – available | Yes – 5 sample suppliers |
| Best for | Enterprise vendor ecosystems needing real evidence | Organizations starting with security ratings |
What Panorays Does Well
Panorays is a well-designed platform that makes getting started with third-party risk management genuinely accessible. Its Risk DNA scoring system provides a clear, unified view of vendor cyber posture, and the interface is clean enough that teams can get up and running without heavy training.
The platform’s five-stage lifecycle approach – analysis, engagement, remediation, approval, and monitoring – gives risk programs a logical structure to follow. Smart Match, Panorays’ AI questionnaire auto-fill feature, meaningfully reduces the manual effort of chasing vendor responses by extracting answers from uploaded compliance documents automatically.
For organizations in financial services, healthcare, and technology that need a starting point for supply chain visibility without a heavy implementation burden, Panorays provides real value – especially at the Growth and Professional tiers.
Where Panorays Falls Short
The core limitation of Panorays is the same limitation of most outside-in platforms: it tells you what’s visible from the outside, not what’s actually happening inside a vendor’s environment. That gap matters when you’re managing risk at scale in a regulated industry.
- Outside-in only – no cloud telemetry. Panorays grades vendors based on external scanning and what vendors self-report in questionnaires. There’s no direct connection to a vendor’s cloud environment, which means you’re still relying on a view of risk that can be incomplete or deliberately polished.
- TPRM workflows aren’t fully native. G2 reviewers note that Panorays doesn’t natively support end-to-end TPRM processes – organizations often need to bolt on additional tools to manage the full lifecycle, adding cost and complexity.
- Reporting is a recurring complaint. Limited customization in dashboards and reports makes it harder for risk teams to extract the specific insights they need or present data in a format suited to their stakeholders.
- Assessment process can feel opaque. Users cite moments when risk scores feel subjective and hard to fully trust, which is a problem when those scores are being used to drive procurement decisions or board-level reporting.
- No equivalent to Trust Exchange. Panorays has a Trust Center feature, but there’s no shared marketplace where vendors’ verified data flows automatically to all their customers. Every new buyer-vendor relationship still starts from scratch.
How Findings Goes Further
The fundamental difference between Findings and Panorays comes down to where the data comes from. Panorays looks at vendors from the outside. Findings goes inside.
CloudVRM® – real telemetry, not scores. Findings connects directly to vendor cloud environments via secure, encrypted connections and pulls continuous telemetry. Instead of a letter grade derived from public signals and self-reported answers, you get actual data on what’s happening inside a vendor’s infrastructure – in real time, not quarterly.
Trust Exchange at scale. Findings’ Trust Exchange is a consent-based marketplace where vendors complete their compliance assessment once and share verified data with all their customers simultaneously. Over 1,000 industry leaders already participate – which means for many vendors in your ecosystem, the data is already there before you even ask for it. Panorays’ Trust Center is useful, but it’s not a shared marketplace. You still start from zero with each new vendor relationship.
75% of assessments done before you start. Between pre-existing Trust Exchange data and AI-powered evidence analysis, three-quarters of a typical assessment is complete before your team touches it. That’s the difference between a tool that speeds up questionnaires and a tool that eliminates most of the need for them.
50+ frameworks, fully native. NIST, ISO 27001, SOC 2, GDPR, CMMC, DORA, SEC, HIPAA – all managed in one platform, with reporting built for each. No additional tools needed to close the workflow gaps.
Detailed Comparison by Category
Assessment Depth & Data Quality
Continuous Monitoring
TPRM Workflows & Scalability
Reporting & Dashboards
Pricing
Who Each Is Best For
Findings is best for
- Enterprise teams managing 50+ vendors who need actual evidence, not just scores
- Regulated industries – financial services, healthcare, defense, critical infrastructure
- Organizations under DORA, CMMC, SEC, or multi-framework compliance obligations
- Risk teams who need board-ready reporting and customizable dashboards
- Programs that need to scale without proportional growth in manual effort
Panorays is best for
- Organizations building their first structured third-party risk program
- Teams that want a clean, accessible interface with minimal training required
- Companies where outside-in security ratings are sufficient for their risk appetite
- Mid-market organizations in financial services or healthcare starting with TPRM
What Customers Say
“Findings helped us go from a few vendor audits a month to hundreds in minutes – that’s an incredible value for money.”
– Findings customer, Enterprise Security Team
“It’s like having an extra security analyst on the team.”
– Findings customer, CISO
Moving from Panorays to Findings
Teams often move to Findings when they’ve outgrown outside-in ratings and need real vendor evidence at scale. Here’s what the transition looks like:
What transfers
Your vendor list, existing assessment history, and risk scores can be imported into Findings to preserve context from your Panorays program.
What gets better
Scores become evidence. External ratings become real telemetry. Questionnaires get replaced by Trust Exchange and CloudVRM® data.
Timeline
Most teams are running live assessments within days. No lengthy implementation project or professional services engagement required to get started.
Support
Findings provides hands-on onboarding and vendor enablement – including helping your existing suppliers connect to Trust Exchange from day one.
Ready to go beyond the score?
See how Findings turns vendor risk into real evidence – not just ratings.
Last updated: March 2026. Competitor information is based on publicly available sources. Features and pricing may change – verify current details with each vendor.