Why AI Alone Isn’t Enough: The Case for Workflow-Driven, Data-Focused Third-Party Risk Assessments
Artificial Intelligence (AI) is currently the headline act in third-party risk management (TPRM). From auto-answering questionnaires to reviewing evidence, AI accelerates efficiency and eliminates manual busywork. But here’s the truth: AI is only as effective as the program workflow that guides it. When managing assessments in the TPRM space, you need more than an algorithm. […]
From Long Hours to Instant Insights: The Case for Automating Third-Party Evidence Review
Third-party risk teams face a growing challenge. As the volume and complexity of third-party assessments increases, so does the burden of reviewing evidence. Documents such as SOC 2 reports, SIG questionnaires, and internal security policies must be analyzed in detail before a third party can pass a yearly review cycle. While these documents are critical […]
Artificial Intelligence, Real Human Value: Deliver ROI with a TPRM AI Tool
When you use manual processes, third-party risk management (TPRM) can soak up valuable time and money—on both sides of the assessment equation. Where risk managers can get stuck spending hour after hour evaluating documentation, third parties can get bogged down responding to queries. Without the right technology, this leads to a more expensive process that […]
The AI Advantage for TPRM: Turning Caution into Confidence for Security Leaders
As AI technology advances, security leaders in third-party risk management (TPRM) face a stress-inducing choice: embrace AI to streamline and strengthen their programs or risk falling behind. While hesitation toward adopting new technology is understandable, especially in risk management, where new technology can come with detrimental security risks, AI can offer significant benefits to TPRM […]
InfoSec: Applying AI to Third-Party Risk Management to Achieve Consistency
AI-powered InfoSec teams do more consistent work on a faster timescale, onboarding new suppliers quickly without sacrificing security.
Procurement: Applying AI to Third-Party Risk Management to Speed Vendor Onboarding
AI-powered Procurement teams do more consistent work on a faster timescale, onboarding new suppliers without losing hours on tedious, time-consuming processes and reviewing policies at a greater level of consistency than was possible before.