AI Blog Agents

Vendor360

Third-Party & Vendor Risk Management Software
Schedule a Demo
Vendor360
Vendor360 is the industry’s most comprehensive AI-powered platform for third-party and vendor risk management, delivering dramatic efficiency gains across due diligence workflows. Powered by generative AI and large language models, it acts as a virtual agent for risk analysts, automating manual tasks, enhancing rigor, and freeing teams to focus on higher-value strategic work.

AI-Assisted Vendor Risk Management

  • Automate vendor risk workflows with AI that reviews, flags risks, and summarizes documents at scale.
  • Auto-populate questionnaires using vendor documents and past responses, reducing manual data entry.
  • Instantly generate concise AI summaries and risk reports across control domains and subdomains.
  • Publish pre-filled questionnaires for vendor verification—full or partial—to streamline collaboration.
  • Extract insights, facts, risks, and recommendations directly from vendor-provided documents without requiring lengthy questionnaires.
  • Speed analysis and improve accuracy by centralizing evaluation, verification, and reporting in a single AI-powered flow.

Manage New Vendor Selection & Onboarding

  • Streamline pre-contract inherent risk analysis for new vendors by sending surveys and questionnaires to multiple internal teams.
  • Manage inherent risk for each vendor at the engagement, product, and service levels.
  • Segment vendors into multiple tiers based on attributes such as criticality and inherent risk.
  • Utilize inherent risk analysis to conduct thorough vendor due diligence and evaluate the effectiveness of vendor controls.

Automate Ongoing Risk Assessments, Audits, and Monitoring

  • Conduct third-party assessments, onsite audits, and surveys to monitor risk.
  • Leverage our integrated industry standard templates or upload your own existing, proprietary questionnaires.
  • Map controls questions or sections to regulatory guidelines or frameworks.
  • Publish “one-time” or create a recurring schedule to automatically send out the appropriate questionnaire.
  • Prepopulate questionnaires with previously submitted answers from Vendors to focus on only what has changed.
  • Track assessment progress, manage due dates, and review status of questionnaires across the third-party portfolio.

Streamline Evaluation of Third-Party Responses

  • Evaluate responses on multiple dimensions and auto-score via our flexible scoring engine.
  • Use Smart Evaluation to flag risks and responses that need further follow-up.
  • Assign sections or questions to other subject matter experts for evaluation.
  • Leverage Vendor360’s auto-scoring to evaluate answers and flag deviations.
  • Clarify questions, resolve issues, and collaborate in one application.
  • Assess vendor on granular risk domains and risk areas

Benefit From a Single, Centralized Vendor Directory

  • Manage all vendor information from documents to policies to risk profiles–in a single, centralized, cloud-based platform.
  • Assign sections or questions to other subject matter experts for evaluation.
  • Leverage Vendor360’s auto-scoring to evaluate answers and flag deviations.
  • Clarify questions, automate notifications, resolve issues and collaborate in one application.

Manage Issues and Track to Remediation

  • Identify and raise the visibility of issues at a question or section level.
  • Collaborate with third parties and request updates on issues within the common application.
  • Capture important details about specific issue severity, resolution recommendations, and issue status.
  • All communications are captured and in context, in case of an audit or future questions.
  • Create action plans and manage progress from start to completion.

Resources

AI Agents in Diligence: A Look At The Future of the Industry
Blog Post

AI Agents in Diligence: A Look At The Future of the Industry

Investment management due diligence is a perfect use case for Agentic workflows. Why? Because the process is complex, high-volume, highly regulated, and often repetitive—yet it requires deep reasoning and domain expertise. Both sides of the diligence process—allocators conducting due diligence and asset managers responding to it—stand to benefit immensely from Agent-driven workflows.
CENTRL Team
Apr 4, 2025
Read More
7 min read
Response360: The Revolutionary Solution for DDQ and RFP Responders
Video

Response360: The Revolutionary Solution for DDQ and RFP Responders

Response360 is the first of its kind generative AI solution for questionnaire respondents of DDQs, RFPs and security questionnaires. Leveraging cutting-edge generative AI technology, Response360 dramatically reduces time spent answering questionnaires while increasing the accuracy of responses.
Jul 22, 2024
Watch
More Resources