Simplify third-party risk management with AI

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July 14, 2024

Auditive

Risk assessment

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Simplify third-party risk management with AI

Overview

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Risk assessment10 0

Risk Management Security Reviews AI-powered Third-party Security Risk Monitoring Vendor Risk AssessmentFree + from $800/mo

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Auditive is an AI-powered platform that facilitates third-party risk management. The platform empowers businesses and their vendors to carry out security reviews in a speedy and efficient manner, without the need for repeated processes.

Auditive is a multi-purpose tool that not only allows you to manage your stakeholders at an impressive scale, but it also helps you continuously monitor your vendors against your specific security requirements.

The platform houses a network feature that promotes increased connectivity, allowing you to share security posture with customers and monitor vendors in one place.

It is the first of its kind to streamline security reviews for both vendors and buyers. Key features include real-time notifications of changes to vendor risk posture, option to skip questionnaires and promote sales efforts with security profile, and the ability to manage risk and build customer trust on a singular platform.

This tool provides an innovative approach towards automating security reviews, accelerating sales, and enabling continuous risk monitoring. Auditive is popular amongst businesses seeking to understand their true vendor risk in relation to company controls and requirements.

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Initial release

April 19, 2024

Initial release of Auditive.

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Pricing

Pricing model

Freemium

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$800/month

Billing frequency

Monthly

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Risk assessment Auditive

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Pros and Cons

Pros

Third-party risk management

Speedy security reviews

Efficient risk assessment

Mitigates repeated processes

Manage stakeholders at scale

Continuous vendor monitoring

Network feature for connectivity

Streamlined security reviews

Real-time notifications for risks

Option to skip questionnaires

Promote sales with security

Risk management on one platform

Automates security reviews

Accelerates sales

Continuous risk monitoring

Clear vendor risk understanding

Aligns risk to company controls

Instant vendor risk posture review

Customizable security information sharing

Proactive risk posture updates

Security profile builder

Real-time risk change alerts

Built for vendor relationships

Streamlined data migration onboarding

No implementation costs

75% vendors monitoring continuously

4x faster vendor reviews

Network of 500+ vendors

One-click security profile creation

Search and filter vendors

Supports sales efforts with security

Share security posture with customers

Single-platform vendor and customer trust

True vendor risk understanding

View 29 more pros

Cons

No mobile app

No offline mode

May require technical understanding

No free trial mentioned

Not open-source

No multilingual support

Limited third-party service integrations

No customizable risk metrics

No explicit GDPR compliance

View 4 more cons

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Q&A

What is Auditive?

Auditive is an AI-powered platform designed for third-party risk management. It aids businesses and their vendors in conducting swift and efficient security reviews while avoiding repetitive tasks. It features a network that encourages connectivity, allowing users to share their security stance with customers and oversee vendors from a single location.

What are the main features of Auditive?

Main features of Auditive include real-time notifications about changes in vendor risk posture, the option to bypass questionnaires, the ability to promote sales using security profiles, and the provision to manage risk and foster customer trust through a solitary platform. The platform also offers a network feature for greater connectivity across stakeholders and for continuous vendor monitoring.

How does Auditive automate security reviews?

Auditive automates security reviews utilizing its AI technology. This allows it to evaluate vendors' risks in mere seconds, drastically reducing time spent perusing security documents and facilitating a quicker, more effective review process.

What is the significance of real-time notifications on Auditive?

Real-time notifications in Auditive serve a significant role in maintaining up-to-date awareness of risk changes. Upon any modification in a vendor's risk posture, users are immediately alerted, enabling quicker response to potential threats or breaches, keeping vulnerability to a minimum.

Can Auditive help with vendor risk assessment?

Yes, Auditive plays a crucial role in vendor risk assessment. Via its AI capabilities, it performs swift risk evaluations, continuously monitors vendor performance against specific security requirements, and provides notifications of any changes. This aids in understanding the actual risks vendors could potentially pose.

How does Auditive streamline the process for both vendors and buyers?

Auditive streamlines processes for vendors and buyers by providing a unified platform for security reviews. It enables vendors to proactively communicate their risk posture, thereby facilitating sales. Buyers can review vendor risk postures against their requirements instantly, without the need for traditional drawn-out questionnaire methodologies.

+ Show 13 more

What is the process to get started with Auditive?

To get started with Auditive, a user can request a demo or directly get onboarded in a few minutes. Existing data can easily be migrated with no implementation costs, making the setup process fast and hassle-free.

Can Auditive help manage stakeholders at scale?

Indeed, Auditive provides capabilities to manage stakeholders at an impressive scale. Through its AI-powered third-party network, it allows users to share their security posture with all customers and to continuously monitor vendors against specific security requirements, all from a single location.

Does Auditive allow users to skip security questionnaires?

Yes, Auditive provides the option to skip security questionnaires. This innovative feature allows more time and resource dedication to sales efforts and proactive risk management initiatives.

What role does Auditive's network play in risk management?

The Auditive network plays a major part in risk management. It promotes increased interconnection, allowing users to share their security profiles with customers and scouting vendors in one place. It provides a mechanism for continuous oversight of vendors, creating an environment for efficient risk management.

How does Auditive promote sales efforts with security profiles?

Sales efforts are promoted in Auditive through the use of security profiles. The platform allows the creation of an interactive security profile showcasing the risk posture of a vendor or business. This profile can be shared with customers, providing transparency and supporting sales endeavors.

How does Auditive enable continuous risk monitoring?

Auditive enables continuous risk monitoring through its network feature, which allows businesses to consistently track all their vendors' security requirements from a single platform. It also offers real-time notifications of changes in vendors' risk profile for immediate action and to ensure a consistent review process.

How is Auditive popular amongst businesses?

Auditive is popular among businesses seeking real-time, accurate insight into their vendor risks relative to company controls and requirements. Its ability to accelerate sales, enable continuous risk monitoring, and automate security reviews, along with its innovative approach to third-party risk management, make it a preferred choice for many businesses.

What is the Auditive third-party network?

Auditive's third-party network is a comprehensive platform that allows businesses to share their security posture with customers while continuously monitoring all their vendors against specific security requirements. This network helps companies manage their stakeholders on an impressive scale.

How does Auditive's AI technology benefit the risk management process?

Auditive's AI technology significantly enhances the risk management process by speeding up task execution. It helps assess vendors' risks in seconds, eliminates repeat security reviews, provides real-time tracking and updates of vendors' risk posture, and assists in building a detailed security profile to share with customers.

What benefits can vendors gain from using Auditive?

Vendors using Auditive can benefit from faster security reviews, real-time monitoring of risk posture, and a streamlined process that reduces the need for repeated reviews. They can also promote their sales efforts using their security profile.

How can Auditive be used to build customer trust?

Customer trust is built in Auditive through its transparency, as the platform allows businesses and vendors to share their security posture with their customers. This proactive approach in keeping customers informed fosters trust and confidence in the business.

What differentiates Auditive from other third-party risk management tools?

What sets Auditive apart from others is its unique blend of features like AI-powered risk assessment, real-time notifications, the option to skip questionnaires and the mapping of vendor risk against the specific controls and requirements of a company. Additionally, it boasts seamless integration where customers can migrate their existing data with no implementation cost.

How does Auditive assist in understanding the true vendor risk in relation to company controls and requirements?

Auditive assists in understanding true vendor risk against a company's controls and requirements through its AI-powered risk assessment and continuous risk monitoring facilities. Unlike relying on arbitrary risk scores, Auditive’s platform provides a practical, data-driven understanding of vendor risks against specific controls and requirements of the company.

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