Auditive
Overview of Auditive
Auditive: AI-Powered Third-Party Risk Management Platform
What is Auditive? Auditive is an AI-powered Third-Party Risk Management (TPRM) platform designed to automate vendor risk management and continuous monitoring. It aims to simplify the lives of both buyers and sellers involved in vendor relationships.
How does Auditive work?
Auditive replaces traditional, static questionnaire-based TPRM with a dynamic, automated approach. Here's how it works:
- Auditive Trust Exchange: This unique network connects enterprise buyers and vendors, providing continuous, real-time data sharing. This fosters transparency and collaboration.
- AI-Powered Risk Assessment: Auditive uses AI to gather and analyze risk-relevant information across a vendor portfolio. This helps identify potential issues and ensures compliance.
- Automated Workflows: The platform automates vendor risk and compliance management, reducing the manual effort involved in traditional TPRM processes.
Key Features of Auditive:
- Continuous Monitoring: Auditive provides 365 days of continuous monitoring, ensuring that vendor risk is assessed in real-time.
- Automated Review Processes: Auditive automates 80% of the review processes associated with vendor risk management.
- Faster Onboarding: The platform accelerates vendor onboarding by up to 4x.
- AuditiveX: Access free vendor exchange, look up and monitor vendors, completely free.
Why choose Auditive?
- Real-time Risk Data: Auditive continually gathers risk-relevant information that other tools might miss, providing a comprehensive view of vendor risk.
- Collaborative Network: The platform connects buyers and vendors through a two-sided collaborative network, fostering transparency and trust.
- Time Savings: Auditive saves time for both buyers and vendors by automating tasks and streamlining processes.
Who is Auditive for?
- Enterprise Buyers: Companies that need to manage risk associated with their vendors.
- Vendors: Businesses that want to proactively communicate their compliance and accelerate their sales cycle.
Benefits for Buyers:
- Automate vendor risk assessment and compliance.
- Reduce manual effort and paperwork.
- Improve vendor response rates.
- Build more resilient partnerships.
Benefits for Vendors:
- Proactively communicate compliance to prospects.
- Accelerate the sales cycle.
- Build a Trust Profile on the Auditive exchange for free.
- Showcase your commitment to security and compliance.
Auditive vs. Traditional TPRM:
| Feature | Auditive | Traditional TPRM |
|---|---|---|
| Monitoring | Continuous, real-time | Static, questionnaire-based |
| Automation | High | Low |
| Collaboration | Two-sided network | Limited |
| Data | Dynamic, risk-relevant information | Static, self-reported data |
| Efficiency | High, reduces time and effort | Low, time-consuming and manual |
Auditive Pricing:
Auditive offers a free version called AuditiveX and also provides enterprise-level TPRM through Auditive X Plus.
How to get started with Auditive:
- AuditiveX: Join the AuditiveX vendor exchange for free to lookup and monitor your vendors.
- Auditive X Plus: Request a demo to learn more about enterprise-level TPRM features.
Conclusion:
Auditive provides an AI-powered approach to TPRM, offering benefits for both buyers and vendors. By automating risk assessment, fostering collaboration, and providing real-time data, Auditive helps organizations build resilient partnerships and effectively manage third-party risk.
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Auditive is an AI-powered third-party risk management (TPRM) platform offering continuous monitoring and a free vendor exchange. It automates 80% of risk reviews, speeds up onboarding 4x, and fosters partnerships between buyers and vendors through real-time data sharing.