ProcessUnity Launches Evidence Evaluator: AI-Powered Tool for Streamlining Third-Party Risk Assessments
CONCORD, Mass. -- ProcessUnity, a leader in third-party risk management, has unveiled Evidence Evaluator, a cutting-edge generative AI tool designed to streamline and enhance the process of assessing and validating third-party security controls. This innovation significantly reduces the manual effort required to review and interpret critical security documentation, such as policies, SOC 2 reports, and ISO 27001 certifications. Evidence Evaluator is an integral part of ProcessUnity's Third-Party Risk Management (TPRM) Platform. It automates the review of third-party evidence, filling out assessment questionnaires with well-substantiated responses and precise references to the relevant sections of source documents. This ensures that risk teams can focus on making strategic decisions rather than sifting through extensive paperwork. "Unlike generic open-source tools, Evidence Evaluator is specifically tailored for third-party risk management," explained Dan Tobin, Senior Director of Analytics at ProcessUnity. "It offers unparalleled confidence, precision, and speed in vendor assessments, which are crucial for both our customers and their third parties. Since it is fully integrated into our platform, users can experience these benefits immediately." The tool's standout features include: Precision and Consistency: Accurately analyzes and interprets a wide range of documents, ensuring consistent and reliable responses. Speed: Accelerates the assessment process, saving time and resources for overburdened risk teams. Flagging Discrepancies: Identifies inconsistencies or issues in third-party controls, providing immediate alerts. Trained on one of the most comprehensive Third-Party Risk Management Large Language Models (LLMs), Evidence Evaluator is capable of understanding and processing various types of documentation. It can handle everything from formal audit reports to internal policies, extracting key insights and translating them into actionable and defensible answers. This capability helps teams transition from the tedious task of document review to informed decision-making more efficiently. About ProcessUnity ProcessUnity is a premier provider of third-party risk management solutions. Its software platforms and data services safeguard organizations from cybersecurity threats, breaches, and operational disruptions that can arise from their expanding network of business partners. By integrating the world’s largest third-party risk data exchange, a leading TPRM workflow platform, and advanced AI, ProcessUnity empowers risk, procurement, and cybersecurity teams to manage their entire vendor portfolio effectively. With ProcessUnity, companies of all sizes can minimize the workload involved in assessments while enhancing the quality and security of their operations. This ensures the protection of intellectual property and customer data, allowing business processes to run smoothly without interruptions. To learn more about Evidence Evaluator or to request a demo, visit the Evidence Evaluator page on ProcessUnity's website. For additional updates and news, explore the company's recent releases on their site.
