Auditive

What is Auditive?

Auditive is a comprehensive third-party risk management (TPRM) platform designed to simplify the risk assessment process for both buyers and sellers. By leveraging a unique network approach, Auditive effectively reduces the workload associated with risk reviews by up to 80%. This continuous monitoring solution enables businesses to maintain oversight of their vendor relationships, ensuring that risks are managed proactively and efficiently. With its advanced features, Auditive not only enhances procurement processes but also fosters better supplier relationships.

How to use Auditive?

1. Sign up for an account on the Auditive website and log in.
2. Navigate to the 'Accelerated Intake' section to automate your third-party intake process.
3. Use the 'Supplier Risk Assessment Agent' to evaluate your suppliers against custom risk controls.
4. Set up continuous monitoring for your supply chain to receive real-time notifications of any incidents.
5. Utilize the 'Supplier Questionnaire Copilot' to streamline the completion of supplier questionnaires.

What are the main features of Auditive?

• Continuous Monitoring: Auditive provides ongoing oversight of third-party risks, ensuring businesses are alerted to any changes in risk posture.
• Supplier Risk Assessment Agent: This AI-powered feature allows for autonomous risk assessments tailored to specific business needs.
• Accelerated Supplier Intake: Automates the process of onboarding new suppliers, providing immediate insights into inherent risks.
• Supplier Questionnaire Copilot: Streamlines the process of completing supplier questionnaires, making it four times faster.
• Dynamic Trust Profiles: Automatically updates critical customer notifications about any changes in risk status.

Who is Auditive for?

Auditive is designed for enterprises that engage with multiple third-party vendors and require a robust risk management solution. It is particularly beneficial for procurement teams, compliance officers, and risk management professionals who need to streamline their vendor onboarding and monitoring processes. Companies looking to enhance their supplier relationships while ensuring compliance and minimizing risk will find Auditive to be an essential tool in their operations.

What are the use cases of Auditive?

1. Vendor Onboarding: Quickly onboard new suppliers while assessing their risk profiles to ensure compliance with company standards.
2. Continuous Risk Monitoring: Maintain real-time awareness of vendor risk changes, allowing for proactive risk management throughout the vendor relationship.
3. Streamlined Compliance Processes: Automate the completion of supplier questionnaires and assessments, significantly reducing the time spent on compliance tasks.