Managing third-party cyber risk is critical but complex, with organizations relying on multiple vendors and ever-evolving compliance standards. Traditional security questionnaires create a heavy manual burden, requiring teams to chase responses, validate answers, and reconcile missing or inconsistent information. AI automates these manual processes, quickly analyzing documents and data to provide accurate suggestions, while freeing humans to focus on higher-priority security decisions and risk mitigation. By streamlining routine work, our AI tool for security questionnaires enables faster, more efficient, and more reliable third-party cyber risk management.
The Problem with Traditional Vendor Risk Questionnaires
Traditional vendor risk questionnaires are outdated, rigid, and full of challenges. They demand extensive manual effort, causing time delays and inconsistent responses. Teams find themselves repeating the same work, which increases the risk of human error, especially as compliance frameworks like SOC 2 and DORA continue to grow in complexity. The process becomes even more frustrating when collaborating with third parties, chasing vendors for answers, navigating endless ping-pong emails, validating responses, identifying missing information, and remediating it all with suppliers. Altogether, this creates a slow, inefficient, and error-prone process that drains time, resources, and momentum.
Meet Smart Match: A Smarter Way to Handle Security Risk Questionnaires
Smart Match is Panorays’ intelligent automation engine designed to simplify and accelerate the way organizations handle security questionnaires. Instead of manual searches, copy-pasting, and guesswork, Smart Match scans any uploaded document—such as SOC 2, DORA, or NIST 2—and automatically identifies relevant information to populate answers with precision. Evaluators and mitigators can both rely on AI-suggested responses that come directly from trusted, verified sources, ensuring accuracy, consistency, and compliance.
Smart Match integrates seamlessly into the broader Panorays TPCRM platform, enhancing the evaluator–mitigator collaboration and streamlining the entire questionnaire lifecycle. Answers are automatically generated from the chosen reference documents, regardless of file format, reducing manual workload, eliminating repetitive tasks, and minimizing error. Users gain full visibility into suggested responses, including a summary of how many answers were identified, while maintaining control over data sources for full privacy and governance.
With Smart Match, evaluators no longer need to send questionnaires to every third party or chase vendors for answers – while mitigators enjoy faster, more consistent responses based on evidence. The result is a smarter, more efficient process that saves time and enables teams to focus on higher-value security work.
Who Benefits from Panorays’ Smart Match And How
For Evaluators: Smart Match allows evaluators to rely less on third parties by eliminating the manual work of sending questionnaires and waiting for responses. Evaluators can access clear, trusted answers pulled from the most recent certifications and attestations, ensuring accuracy and reliability. Internal data collection is also simplified, as Smart Match can automatically populate internal questionnaires, enabling the entire submission process to be completed in as little as 15 minutes, skipping the need to chase stakeholders for supplier information.
For Mitigators: Mitigators benefit from faster, more accurate responses to vendor requests, with Smart Match ensuring consistency by aligning answers with verified documentation. Questions can be autofilled within just 5 minutes, and the complete questionnaire process can be wrapped up in around 15 minutes*, freeing your team to focus on higher-priority security initiatives while maintaining full transparency and accuracy.
AI-Powered Tools for Security Questionnaire Management from Start to Finish
Panorays takes automation far beyond simply answering questionnaires from uploaded documents. Smart Match combines three intelligence sources to deliver precise, trusted answers at scale:
- It scrapes data directly from certifications and attestations.
- It reuses past responses from previously answered questionnaires.
- It leverages Gemini to collect relevant publicly available data.
Together, this eliminates repetitive work and ensures every answer is evidence-based, accurate, and aligned with compliance standards.
Beyond Smart Match, Panorays offers two additional automation features that streamline questionnaire completion: the first is Smart Validation that verifies third-party questionnaire responses by analyzing documents, certifications, and attestations with AI. It drastically reduces manual review time, identifies inconsistencies, and helps ensure answers are trustworthy and complete. The second is Answer Lookup which accelerates completion by searching a centralized knowledge base of previously answered questions. Teams can instantly reuse approved responses, ensuring consistency while saving time and avoiding repetitive work.
Together, Smart Match, Smart Validation, and Answer Lookup deliver a fully automated, end-to-end questionnaire workflow, reducing friction for both evaluators and mitigators, while increasing speed, accuracy, and confidence.
AI Beyond Risk Questionnaires
Panorays goes far beyond automating questionnaires, delivering an autonomous TPCRM experience that covers every stage of supplier risk management.
The AI-empowered platform begins by automatically mapping your digital supply chain and prioritizing suppliers based on criticality, giving you clearer visibility into where risk matters most. It then detects digital assets with high accuracy across the supply chain, minimizing false positives and strengthening external attack surface assessments. As suppliers are evaluated, their profiles are enriched with contextual data extracted from public sources, including legal identifiers and certifications, to support informed decision-making. Panorays further enables proactive risk mitigation by predicting the likelihood of supplier breaches using industry benchmarks, historical incidents, and relevant patterns. Finally, it delivers actionable threat intelligence by classifying cyber news and dark-web mentions related to your suppliers, highlighting the issues that truly require attention.
Together, these capabilities provide a comprehensive, intelligent, and automated approach that extends well beyond questionnaires and elevates every phase of third-party cyber risk management.
The Future of TPCRM Is AI Automated
Autonomous TPCRM is no longer just on the horizon—it’s here to take over repetitive, low-level tasks while keeping humans in the loop for higher-level decision-making. Modern AI-enhanced tools go beyond automating questionnaires, enabling a fully end-to-end TPCRM process that streamlines assessments, improves accuracy, and empowers teams to focus on strategic risk mitigation. For organizations looking to stay ahead of evolving cyber threats, adopting AI-driven TPCRM solutions today is the key to efficiency, insight, and proactive security management.
Experience how automation and intelligence can simplify your third-party cyber risk management program. See Panorays’ Smart Match in Action
