Report by Ncontracts
State of Third-Party Risk Management 2026 Survey Report
Key Findings
73% of large organizations with 5,001 or more employees fall into the lowest TPRM confidence tiers.
Individual TPRM professionals are responsible for 100 or more vendor relationships.
13% of the most mature TPRM programs view TPRM as little more than a compliance formality.
Financial institutions using manual TPRM processes report 50% lower satisfaction with their tools.
Nearly 87% of financial institutions use TPRM software.
Financial institutions using manual TPRM processes are 71% more likely to receive exam findings.
72% of financial institutions are only partially aware of which vendors use AI, and 0% feel extremely confident managing vendor AI.
63% of TPRM programs operate with just one or two dedicated full-time employees.
13% of TPRM programs have no dedicated staff.
26% of the most mature TPRM programs report TPRM delivering high value across the organization.
67% of organizations with no TPRM processes view TPRM as little more than a compliance formality.
53% of TPRM programs manage 300 or more vendors.
10% of financial institutions still rely on spreadsheets, down from 13% in 2025.