Automate Vendor Risk Management and Due Diligence with ShieldRisk
Unified platform for Vendor Risk Management and Due Diligence for streamlined Vendor Assessment of prevailing and potential third-party Vendors.
ShieldRisk AI TPRM
ShieldRisk AI is artificial intelligence powered vendor risk assessment and risk management. The AI powered enables the analysis of auditing and advisory functions, involving time savings, faster data analysis, increased levels of accuracy, more in-depth insight into business processes, and enhanced client service. ShieldRisk AI is single, unified platform executing a broad range of use cases and methodologies for vendor assessment and audit. ShieldRisk provides a streamlined vendor evaluation and risk management for the existing and approaching third-party vendors.
Elevate Insights, Elevate Performance
Your Pathway to Empowering Success with a Comprehensive KRI Dashboard for Unparalleled Vendor Risk Management.
Future with ShieldRisk.ai
Key Features
Automated Risk Assessment
ShieldRisk can automatically analyze vast amounts of data from vendors, such as compliance records, and performance metrics, to assess their risk profiles. This reduces the manual effort required for risk evaluation.
Enhanced Due Diligence
In-depth due diligence by scanning public sources, news, and social media to identify potential red flags or emerging risks related to vendors, helping organizations make more informed decisions.
Real-time Monitoring
A real-time monitoring of vendor activities and changes, alerting organizations to any deviations from established benchmarks or compliance requirements, allowing for timely intervention.
Predictive Analytics
ShieldRisk can analyze historical data to predict potential vendor risks and their impact on the organization. This proactive approach helps businesses mitigate risks before they escalate.
Reduced Human Error
The automation process eliminates repetitive tasks and data entry, AI reduces the risk of human error in vendor risk management processes, leading to more accurate risk assessments and decisions.
Scalability
ShieldRisk can handle a large number of vendors simultaneously, making it easier for organizations to manage a diverse and extensive vendor ecosystem.
Cost Savings
The automation can significantly reduce the time and resources required for manual vendor risk assessment and monitoring, resulting in cost savings for the organization.
Fraud Detection
The defined compliance algorithms can detect anomalies and patterns that may indicate fraudulent activities or irregularities within vendor relationships.
Regulatory Compliance
ShieldRisk faciliates organizations stay compliant with industry regulations and standards by continuously monitoring vendor activities for any non-compliance issues.
Faster Decision-Making
The ability to process and analyze data rapidly, organizations can make quicker and more informed decisions about vendor relationships and risk management strategies.
Data-driven Insights
ShieldRisk generate insights and reports based on comprehensive data analysis, providing actionable information to improve vendor relationships and risk mitigation.
Adaptability
ShieldRisk can adapt to changing business environments, new vendors, and evolving risks, ensuring that the vendor risk management process remains effective and up-to-date.
