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Whistic Unveils Automation Orchestrator for Streamlined Vendor Assessments Using AI Agents

Whistic Launches Automation Orchestrator

Whistic, a leader in the risk operations space, has introduced its latest product, the Automation Orchestrator, which aims to revolutionize the way organizations conduct vendor assessments. This innovative platform provides a centralized hub for managing and coordinating the efforts of multiple AI agents, thereby reducing both time and human labor typically required for risk decision-making processes.

The introduction of the Automation Orchestrator comes at a crucial time as many organizations struggle with the inefficiencies of traditional third-party risk management (TPRM) methods. It has been reported that approximately 90% of the effort in legacy TPRM is spent on administrative tasks rather than on actual risk evaluation and decision making. With the Automation Orchestrator, Whistic aims to change this.

How It Works

The Automation Orchestrator features an initial workflow called AutoAssess, which utilizes four specialized AI agents, each assigned specific roles within the vendor assessment lifecycle:

- The Initiator triggers assessments based on a predefined schedule and tailored risk criteria determined by the organization.
- The Collector is tasked with gathering essential information. This includes evidence from trust centers, websites, previously available vendor records, and even requesting additional documents when necessary.
- The Analyst examines the collected evidence, yielding findings accompanied by confidence scores and cited references to ensure accuracy and clarity.
- The Reporter compiles an executive summary that is ready for decision-making and notifies the relevant team members.

The beauty of these AI agents working in concert is their ability to seamlessly carry an assessment from initiation straight through to the generation of an executive summary. The process is designed to require zero routine human oversight. However, teams retain the ability to review findings, make risk decisions, and finalize assessments manually, ensuring accountability at all stages of the operation.

Reducing Assessment Time

A typical manual vendor assessment can take between 12 to 15 hours to complete. Whistic's Automation Orchestrator effectively offloads the majority of these administrative burdens to the AI agents, enabling teams to focus their efforts on interpreting results and making informed decisions. As Juan Rodriguez, CEO of Whistic, puts it, “Most assessment work is about chasing documents, reading evidence, and recreating the same summaries repeatedly. Automation Orchestrator empowers agents built on Whistic’s AI – which boasts a high accuracy rate of 96% – to handle this grunt work, paving the way for human teams to concentrate on decision-making.”

Additionally, the Orchestrator is designed with flexibility in mind. Teams can elect to operate agents individually, establish pause points, and intervene manually whenever necessary, all while maintaining a complete activity log for auditing purposes.

A Step Forward in Risk Operations

The Automation Orchestrator is not just limited to vendor assessments. Whistic has outlined a broader roadmap that extends this architecture to encompass vendor intake, issue management, agent performance metrics, and agent reassessment processes. These developments will help track changes in vendor performance since the last review, further enhancing the organization's risk management capabilities.

Currently, the Automation Orchestrator is available to all Whistic Assess customers who have enabled Whistic AI, with no additional purchases required. Whistic is also showcasing the functionality of this new platform at the ongoing ISACA + IIA GRC Conference in San Diego from August 17 to 19.

In conclusion, Whistic’s Automation Orchestrator represents a significant advancement in risk operations, channeling the power of AI to facilitate a more efficient, reliable, and automated approach to vendor assessments. To discover more about how these advanced AI agents perform assessments, be sure to check out the launch article detailing the entire process.

Additional Resources

About Whistic

Whistic is an innovative platform designed for teams tasked with risk operations. It continuously assesses vendors, monitors diverse sources for potential threats, and automates evidence capture, ensuring that organizations are audit-ready by default. With Whistic's emphasis on streamlining processes, security teams can focus on decision-making while the software handles the routine workloads.