Question: I need a tool that automates and customizes risk assessments for suppliers and vendors, can you suggest one?

If you're looking for a tool to automate and customize risk assessments for suppliers and vendors, ProcessUnity is a good option for a more comprehensive solution. It has a highly customizable workflow platform for TPRM automation, a Universal Data Core for consolidating risk data, and AI tools specifically designed for third-party risk. The platform handles vendor onboarding, assessments and continuous monitoring with customizable questionnaire templates, so it's a good choice for companies looking for a powerful and flexible risk management tool.

Another good option is Panorays, which offers a real-time Risk DNA rating for each third-party connection and steers relationships toward the best possible security posture. It offers continuous supply chain detection, actionable threat alerts, and AI-powered risk assessments that take into account questionnaire quality, cyber posture and business impact. The platform is a good choice for companies that want to optimize their third-party risk management and improve overall cybersecurity.

For an AI-powered platform to streamline risk management, Prevalent offers a single view of risk assessment and monitoring for vendors, suppliers and other third parties. It includes vendor risk monitoring, compliance and due diligence collection, so it's a good fit for industries like finance, healthcare and retail. Prevalent's platform automates risk assessment and analysis, so teams are no longer bogged down with manual work and have more resources to focus on measuring the effectiveness of TPRM programs.

Last, Whistic offers an AI-powered platform that automates vendor assessments and streamlines the process. It includes a centralized Trust Center for security and compliance documentation, a Network Exchange for efficient information sharing, and 40+ questionnaires and frameworks. Whistic's platform reduces the likelihood of breaches and helps with the sales process by offering a single view of the supply chain for proactive risk mitigation.