Q2’23 AI RELEASE AI-Powered Third-Party
AI-Powered Third-Party
Security Risk Management Platform
For a Faster, Easier and More Accurate Evaluation Process
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.
The Power of Smart Match AI
Efficiency
Streamlined Evaluations
Responders can answer questionnaires quickly and independently, reducing reliance on internal stakeholders and accelerating the entire third party evaluation process.
Accuracy
Trusted Responses
Matching questions with AI allows third parties to reply to questionnaires with consistency. Responses are more accurate, providing evaluators with higher levels of confidence in the evaluation process.
Read our Q2’23 AI
Release Notes
