Managing third party risk without proper tools can be difficult. Existing manual processes can be time-consuming and intricate resulting in frustration for third parties and evaluators alike. Panorays integrates AI to benefit the entire ecosystem, ensuring a streamlined third-party risk management process.
Panorays Smart Match AI
Smart Match accelerates third-party evaluations by providing users responding to questionnaires with potential matching responses.
Matches are based on an AI-generated library of pre-answered questionnaires by the third party. Each potential answer is given a similarity score and presented with details such as the origin of the questionnaire and the previous responder.