**Concord, Mass.:** ProcessUnity has introduced Evidence Evaluator, an advanced generative AI tool designed to automate and enhance the accuracy of third-party security control assessments, integrating privacy protocols and continuous updates within its TPRM platform to better manage vendor risks.
ProcessUnity Unveils Advanced AI Tool to Enhance Third-Party Risk Management
CONCORD, Mass. — ProcessUnity, a company specialised in third-party risk management, has announced the launch of its latest generative AI technology, called Evidence Evaluator. According to the company’s press release, this tool aims to streamline the assessment and validation of third-party security controls, significantly reducing the manual effort typically involved in these tasks.
Evidence Evaluator is designed to automatically review third-party documentation, including security policies and certifications, and generate assessment responses complete with references to the original documents. “Evidence Evaluator is purpose-built for third-party risk management. It delivers confidence, precision, and speed right where customers and their third parties need it most: vendor assessments,” stated Dan Tobin, Senior Director of Analytics at ProcessUnity.
The company claims that the technology is capable of analysing a variety of evidentiary documents, such as SOC reports and ISO certifications, translating them into accurate assessment responses while flagging any discrepancies in a vendor’s controls. The tool is said to be flexible enough to adapt to different standards and regulations, which is a noted improvement over existing AI-based third-party risk management tools.
ProcessUnity emphasises several key features of Evidence Evaluator, including:
- Accuracy: Developed on an extensive cybersecurity large language model, which the company states enhances the relevance of contextual results, thus reducing the review cycles for assessors.
- Privacy: The tool incorporates strict data protection protocols, ensuring that all data is encrypted during processing and user inputs are discarded after use.
- Integration: Evidence Evaluator is embedded directly within the ProcessUnity TPRM platform, eliminating the need for separate AI tools.
“This advanced GenAI model delivers far more than a generic, open-source tool,” Tobin added. The press release indicates that the ongoing updates and automated retraining of the model will help ensure that it evolves with changes in industry standards and regulations.
Industry observers have noted a trend of increasing reliance on AI technologies to enhance operational efficiency, particularly in risk management contexts. In light of rising cybersecurity threats, tools like Evidence Evaluator could potentially offer organisations a faster and more reliable way to manage third-party risk.
For more information about Evidence Evaluator or to request a demo, ProcessUnity directs interested parties to visit their website.
Sources: ProcessUnity Press Release; Business Wire
Source: Noah Wire Services
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