Proof&Trust
Automated vendor risk assessment platform that saves time and reduces costs.
About Proof&Trust
Proof & Trust is an innovative automated tool that streamlines vendor risk assessments, helping organizations save time and money. By automating manual processes and eliminating the need for costly external consultants, it enhances efficiency. The platform features an intuitive interface and utilizes AI to deliver actionable insights, supporting proactive risk management and compliance.
How to Use
To utilize Proof & Trust, add your vendor to the platform. The vendor receives an email with a questionnaire link. After completing it with evidence and responses, the platform's algorithm analyzes the data and generates a detailed report with actionable recommendations.
Features
- Automated vendor risk evaluations
- In-depth, customizable reports
- Intuitive user interface
- Flexible subscription plans
- AI-powered risk analysis and insights
Use Cases
- Lower costs of risk assessments
- Scale risk management processes
- Enhance accuracy of vendor evaluations
- Streamline vendor onboarding procedures
Best For
Compliance officersProcurement teamsRisk management professionalsIT security expertsVendor management teams
Pros
- Streamlines manual risk assessment tasks
- Easy-to-use interface
- Delivers actionable risk insights
- Offers flexible subscription options
- Reduces dependence on external consultants
- Saves time and reduces costs
Cons
- Dependent on accurate vendor data
- Limited options for customizing assessments
- Requires vendors to complete questionnaires
FAQs
Is my data and the vendor's data secure with this automated risk assessment tool?
Yes, we prioritize data security. Our platform complies with industry-leading standards to protect your information.
Do I need technical skills to operate this solution?
No technical expertise is necessary. The platform is designed to be user-friendly and straightforward for all users.
How does automated risk assessment match the accuracy of traditional methods?
Our advanced algorithms and industry best practices ensure high accuracy. You can review vendor responses and uploaded documents for added transparency.
Can I customize the risk assessment process for my specific business needs?
Currently, assessments follow a standardized process. We are exploring customization options and value your feedback for future updates.
Are there hidden fees or extra costs after purchase?
No, our pricing is transparent. There are no hidden charges beyond the initial subscription fee.
What support do you offer during implementation?
Our platform is web-based and easy to use. For assistance, our dedicated support team is available to ensure a smooth setup and ongoing help.