June 20, 2024

Auditive

AI-powered third-party risk management marketplace.

Best for:

  • Security Teams
  • Vendors
  • Compliance Officers

Use cases:

  • Automated Security Reviews
  • Continuous Vendor Monitoring
  • Security Profile Sharing

Users like:

  • IT Department
  • Compliance Department
  • Procurement

What is Auditive?

Quick Introduction

Auditive is a revolutionary AI-powered marketplace specifically designed for third-party risk management. This tool is crafted for companies that engage with multiple vendors and want to streamline their security review processes. It becomes the go-to platform for businesses seeking efficient and comprehensive solutions in maintaining and monitoring vendor risk postures. Unlike traditional methods of questionnaires, Auditive enables businesses to complete thorough security reviews in a fraction of the time, offering both vendor and purchaser functionalities within the same platform.

Auditive caters to both security teams and vendors. Security teams can leverage this platform to manage their stakeholders at scale, continuously monitor vendor compliance, and automate security reviews. Vendors can share their security postures with all customers with a single click, proactively communicate risk posture updates, and spend less time on questionnaires. This tool is for modern organizations looking to establish sound relationships with vendors and customers, ensuring top-tier security compliance.

Pros and Cons

Pros:

  1. Efficiency in Security Reviews: Auditive significantly reduces the time taken for security reviews by leveraging powerful AI technology.
  2. Continuous Monitoring: The platform continuously monitors vendor compliance, allowing for up-to-date risk management.
  3. Seamless Communication: Vendors can easily share and update their security profiles with customers, promoting transparency.

Cons:

  1. Pricing for Larger Organizations: The pricing scales significantly for organizations with many vendors, potentially becoming costly.
  2. Learning Curve: New users may require some time to acclimate to all functionalities and features.
  3. Integration Limitations: While feature-rich, some users may find limitations in the platform’s integrations compared to specialized solutions.

TL;DR

  • Efficient Security Reviews
  • Continuous Vendor Monitoring
  • Seamless Vendor-Customer Communication

Features and Functionality:

  • AI-Powered Security Reviews: Automates and accelerates the security review process, providing detailed and comprehensive assessments quickly.
  • Continuous Vendor Monitoring: Keeps tabs on vendor compliance in real-time, immediate notifications on changes in risk postures.
  • Security Profile Sharing: Enables vendors to share their security posture with customers with a single click, promoting trust and transparency.
  • Customizable Security Controls: Allows businesses to set and adjust specific security requirements tailored to their needs.
  • Centralized Vendor Management: Combines all vendors and customers into one platform for easier management and better relationship building.

Integration and Compatibility:

Auditive integrates smoothly with Single Sign-On (SSO) providers such as Google, SAML, and Okta, ensuring secure and straightforward access management. It also supports integration functionalities to automatically build Security Profiles utilizing AI technology. While it strongly focuses on these integration capabilities, it functions effectively as a stand-alone platform, mitigating most vendor risk management needs without extensive additional integrations.

Benefits and Advantages:

  • Time-Saving: Drastically reduces time spent on security reviews with AI-powered automation.
  • Enhanced Transparency: Simplifies communication of security postures, ensuring trust and clarity with customers.
  • Improved Risk Management: Real-time monitoring and notifications offer superior oversight and proactive management.
  • Customizability: Tailored security requirements and insights adapted to specific business needs.

Pricing and Licensing:

Auditive offers tiered pricing plans to cater to different organization sizes and needs:

  • Starter Plan: Free, ideal for organizations just getting started. It includes a public security profile, unlimited users, SSO with Google, access to various security frameworks, and one free AI-powered security review.
  • Growth Plan: Starts from $800/month, designed for organizations managing up to 50 vendors.

    Do you use Auditive?

    Includes all Starter features plus SSO with SAML and Okta, shared assessments SIG, and enhanced AI functionalities.

  • Professional Plan: Starts from $2,500/month for organizations with up to 100 vendors. It encompasses all Growth plan features with addition customization options for vendor risk tiers and security profiles.
  • Enterprise Plan: Custom pricing for large organizations with over 100 vendors, providing white-glove services and professional reviews.

Support and Resources:

Users of Auditive benefit from numerous support options, including comprehensive customer service, detailed product documentation, and community forums. These resources ensure users can maximize the tool’s potential and resolve issues promptly.

Auditive as an Alternative to:

Auditive stands out as an alternative to traditional tools like VendorRisk or Whistic. Unlike these tools, Auditive offers AI-driven automation that significantly speeds up the security review process and provides real-time risk posture monitoring. Its ability to share security profiles seamlessly with customers marks it a step above in vendor relationship management.

Alternatives to Auditive:

  1. VendorRisk: Great for companies needing individualized vendor assessments without focusing on automation. Better suited for organizations preferring more manual control over assessments.
  2. Whistic: Useful for companies emphasizing questionnaire-based risk assessments. Whistic excels in detailed security audits without AI acceleration.
  3. OneTrust: Ideal for businesses targeting comprehensive privacy management along with vendor risk, providing extensive compliance features beyond security reviews.

Conclusion

Auditive redefines third-party risk management by automating and streamlining security review processes, providing real-time monitoring, and enhancing transparency with customers. Its AI-driven technology ensures efficient and thorough risk management, making it suitable for organizations of all sizes. By bridging the gap between vendors and purchasers, Auditive remains a formidable solution in ensuring robust security postures and fostering trust within business ecosystems.

Reviews

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