OnPay by OnPay
OnPay is a payroll and HR option for small businesses that want tax handling, onboarding, compliance documents, and benefits administration in the same workflow. It is worth testin...
Compliance Software
LUMA reviews and summary
LUMA is a customizable third-party risk and compliance management solution designed to streamline the process of vetting and monitoring suppliers, vendors, and partners. It automates the distribution and collection of detailed compliance questionnaires, uses the responses to automatically risk-rank third parties, and provides easy-to-use reporting dashboards and a complete audit trail. This allows organizations to efficiently assess the compliance posture of their external ecosystem, identify high-risk relationships, and take proactive steps to mitigate supply chain risks related to data security, financial stability, ethics, and regulatory adherence. This solution is built for procurement officers, vendor risk managers, and compliance teams in large...
Best for
This solution is built for procurement officers, vendor risk managers, and compliance teams in large corporations across all sectors, especially those with extensive and complex supply chains in finance, technology, and manufacturing that need to manage third-party risk systematically.
Category
Compliance Software
Vendor
The Risk Advisory Group
Key takeaways
Our verdict
Our verdict is that LUMA excels in bringing automation and clarity to the often-cumbersome process of third-party risk management. Its focus on customizable questionnaires, automated scoring, and clear reporting makes it an efficient and effective tool for gaining control over an organization's external risk landscape.
Quick facts
LUMA at a glance
Vendor
The Risk Advisory Group
Category
Compliance Software
Ratings
LUMA ratings
There is not enough rating data for this software yet. Rating details will appear when reviews or reliable aggregate rating data are available.
Decision notes
LUMA pros and cons
Potential strengths
- Clear buyer-fit positioning is available in the profile data.
Points to verify
- Confirm current pricing, contract terms, and included plan details with the vendor.
- Confirm product-specific availability for category-level features before buying.
- There are no written reviews for this software yet.
- Published pricing is not available in this profile data.
Buyer fit
Who uses LUMA?
This solution is built for procurement officers, vendor risk managers, and compliance teams in large corporations across all sectors, especially those with extensive and complex supply chains in finance, technology, and manufacturing that need to manage third-party risk systematically.
Feature research
LUMA features
These are common features buyers compare in Compliance Software. Product-specific availability should be confirmed with the vendor.
Archiving and Retention
Keeps important files and records close to the workflow, with easier search, review, and handoff between teams.
Audit Management
Gives managers a clearer view of activity, exceptions, and trends so they can spot issues before they turn into rework.
Compliance Tracking
Gives managers a clearer view of activity, exceptions, and trends so they can spot issues before they turn into rework.
Controls Audit
Gives managers a clearer view of activity, exceptions, and trends so they can spot issues before they turn into rework.
Environmental Compliance
Helps buyers evaluate how access, control, and evidence are handled for sensitive or regulated work.
FDA Compliance
Helps buyers evaluate how access, control, and evidence are handled for sensitive or regulated work.
HIPAA Compliant
Helps buyers judge whether HIPAA compliant fits the way their team handles compliance work.
Incident Management
Makes handoffs and approvals easier to follow, especially when several people need to move work from request to resolution.
ISO Compliance
Helps buyers evaluate how access, control, and evidence are handled for sensitive or regulated work.
OSHA Compliance
Helps buyers evaluate how access, control, and evidence are handled for sensitive or regulated work.
Process/Workflow Automation
Makes handoffs and approvals easier to follow, especially when several people need to move work from request to resolution.
Risk Management
Helps buyers evaluate how access, control, and evidence are handled for sensitive or regulated work.
Compare
LUMA alternatives
Compare LUMA with other Compliance Software tools that buyers often evaluate.
SAP Litmos by SAP
SAP Litmos is worth a look when compliance training needs to reach a large or scattered workforce. Buyers should compare its LMS reporting, course library, and SAP fit against thei...
SiteDocs by SiteDocs
SiteDocs is aimed at teams in high-risk operations that need safety documentation on the move. It is useful when inspections, hazards, and incidents need to be completed in the fie...
Smartwebs by Smartwebs
Smartwebs is an all-in-one community management platform tailored for HOAs, condominiums, and property managers. It centralizes communications, violation tracking, architectural re...
Account Ability by Integrated Data Management Systems
Account Ability is a compliance-focused filing system for payroll and business teams that need to prepare information returns quickly, with tooling for common forms and filing work...
MedTrainer by MedTrainer
MedTrainer brings compliance, training, and credentialing together in one platform built specifically for healthcare organizations. It helps clinics and hospitals stay audit-ready...
ProcessGene GRC Software Suite by ProcessGene
ProcessGene GRC Software Suite is for compliance-heavy organizations managing multiple teams or entities that need policy, risk, controls, and reporting aligned across the group. I...
Secure Privacy by Secure Privacy
Secure Privacy is a specialized Cookie Consent Management Platform (CMP) designed to help businesses comply with evolving data privacy laws like the GDPR, CCPA/CPRA, and ePrivacy D...
Software reviews
LUMA software reviews
No software reviews yet
No software reviews have been submitted for LUMA yet.
Write the first review
FAQ
LUMA FAQs
LUMA is a customizable third-party risk and compliance management solution designed to streamline the process of vetting and monitoring suppliers, vendors, and partners. It automates the distribution and collection of detailed compliance questionnaires, uses the responses to automatically risk-rank third parties, and provides easy-to-use reporting dashboards and a complete audit trail. This allows organizations to efficiently assess the compliance posture of their external ecosystem, identify high-risk relationships, and take proactive steps to mitigate supply chain risks related to data security, financial stability, ethics, and regulatory adherence.
This solution is built for procurement officers, vendor risk managers, and compliance teams in large corporations across all sectors, especially those with extensive and complex supply chains in finance, technology, and manufacturing that need to manage third-party risk systematically.
LUMA is listed in Compliance Software.
LUMA is listed with The Risk Advisory Group as the vendor.
Buyers often compare LUMA with other Compliance Software tools such as OnPay, SAP Litmos, SiteDocs, Smartwebs. Review ratings, pricing, and fit before choosing.
Yes. Use the Write a review button on this page to submit a software review for LUMA.
Trust and data
How we build software profiles
Catalog data
Software profiles can include software facts and public catalog information.
User reviews
Software reviews are submitted by users and moderated before publication.
Vendor updates
Claimed vendors can update profile details and respond to reviews.
This profile can include catalog facts, aggregate ratings, submitted software reviews, and vendor profile updates when available.
For Vendors
Manage this software profile
Claim this profile to update pricing, screenshots, features, and respond to reviews.