Transform Risk Management with Krista Third-Party Assessment Assistant


Overwhelmed by Third-Party Assessments

Third-Party Risk Managers, CISOs, and procurement professionals face the daunting task of assessing the numerous third parties engaged with their enterprises. With limited time and resources, these professionals need to increase the quality of third-party risk analysis, perform more assessments, and reduce the time spent on each assessment, all while maintaining high standards of risk management.

Krista’s sweet spot is where multiple people and system capabilities must be orchestrated to perform a valuable business outcome, especially where changes to the process are frequent and machine learning could be applied to optimize the process.

Tom Reuner, HFS Research

Inefficient Processes and Missed Opportunities

Conventional GRC platforms, third-party management platforms, procurement platforms, assessment tools, and office suites only issue assessments and reminders, failing to address the challenges faced by risk professionals. When vendors respond with security packets or other documents instead of direct answers, the assessment process becomes even more time-consuming and complex, leading to missed opportunities and ineffective risk management.


Krista Third Party Assessment Assistant: Your AI-Driven Assessment Ally

Krista Third Party Assessment Assistant is a configurable, conversational AI-powered assessment assistant designed to streamline the third-party risk assessment process. Krista assists risk professionals by using AI and automation to complete assessments more efficiently and with higher quality, even when vendors provide indirect answers through security packets or other documents.

Unlike traditional tools, Krista offers a more modern, comprehensive, and efficient approach to third-party risk management, enabling professionals to effectively assess and mitigate risks while saving time and resources. Krista helps you save time using document understanding AI to extract data from vendor security documentation, certificates, SOC2 reports, or other documents and places that data into your compliance app. When some level of risk is identified, Krista uses generative AI to create follow-up issues to help manage risk. Transform your third-party risk management with the power of Krista Third Party Assessment Assistant. 

Krista Provides a Path to the Automated Organization

Transform Risk Management with Krista Third-Party Assessment Assistant​

Reduce Assessment Timelines and Scale Operations

Automate assessment processes using AI-powered orchestration. Krista automates and orchestrates processes for you so you can shorten assessment timelines and become more efficient.

Improve Risk Management Quality

Assess more vendors more often to broaden risk management. Krista helps you assess more vendors in less time to increase risk management accuracy and quality.

Streamline Vendor Document Reviews

Simplify vendor management with conversational AI and build better relationships. Krista's document understanding and conversational AI improves processes and removes constraints.

Increase Risk Visibility from Third Parties

Collaborate with more stakeholders about third-party issues. Krista orchestrates risk management processes in contextual conversations so teams can stay informed.

Other available resources

Risk Management Challenges with Third-Party Supply Chains

In today’s global economy, companies rely on complex supply chains to bring their products to market. With so many suppliers involved, it can be challenging for businesses to keep track of potential risks in their supply chain. Third-party supply chain risk is a significant concern for many organizations, and they are constantly looking for ways to manage it effectively. Here, we explore what third-party supply chain risk is, how companies measure it, and why it is challenging. We will also discuss ways companies can improve the process...

SEC proposed cybersecurity rules

SEC Proposes New Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure Rules

The Securities and Exchange Commission (SEC) recently released a proposed rule that would require public companies to implement new cybersecurity risk management and disclosure measures.¹ The proposed SEC cybersecurity disclosure rules aim to modernize and standardize the SEC’s approach to cybersecurity risk management by updating and expanding its guidance to companies regarding their disclosure obligations and internal controls...

Prioritizing Your AI Projects

ChatGPT’s recent popularity is causing business leaders to ask for more AI apps. The demand inside enterprises is so high chief information officers say they cannot keep up since building, training, and rolling out AI models is so expensive and takes too much time. Business leaders have seen generative AI and it has changed their expectations. Now that they have seen it, they are asking how to incorporate generative AI functionality like ChatGPT into the enterprise. However, the sudden demand has flooded the CIO’s organization with very challenging project requests. They cannot say “yes” to all of the requests...

Contact us to see how Krista can transform your tech--not your people.

Close Bitnami banner