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FlowForma Introduces FlowAssure: A New Era in Vendor Risk Management

In an ambitious move towards enhancing vendor oversight, FlowForma, a leading player in AI-enhanced process automation, has launched FlowAssure. This innovative solution is specifically designed to transform how organizations manage vendor risk, bringing automation and intelligence to the forefront of vendor assessments.

The Challenge of Manual Compliance

Organizations frequently struggle with the tedious nature of manual vendor reviews. These processes are often bogged down by slow approvals and the propensity for errors that come with traditional spreadsheets and paperwork. FlowAssure aims to address these shortcomings by introducing a system that uses intelligent AI agents to streamline and modernize vendor risk assessment workflows.

Key Features of FlowAssure

FlowAssure is packed with features that empower organizations to conduct vendor risk management activities with unprecedented efficiency. Here are some of its standout capabilities:

1. Automated Risk Assessments

Vendors can securely submit their relevant documentation, including questionnaires and reports. These submissions are automatically reviewed and scored by AI agents, saving valuable time and maximizing efficiency.

2. Intelligent Classification and Analysis

The solution excels at classifying risks by evaluating pen tests, ISO, and SOC 2 Type II reports. FlowAssure generates intelligent recommendations, enabling teams to make informed decisions quickly.

3. Streamlined Approval Processes

Vendor management agents play a critical role by suggesting approvals based on the analyses performed. This proactive approach helps accelerate the decision-making process while ensuring that potential issues are escalated appropriately.

4. Error Detection and Automated Workflows

FlowAssure does more than just review submissions; it also flags anomalies and triggers necessary follow-up actions. This functionality keeps processes consistent and ensures that everything remains on track.

5. Audit-Ready Compliance

The platform logs every assessment, score, comment, and approval, providing organizations with full transparency and accountability. This audit-ready compliance is essential in today’s regulatory environment.

6. Scalability for Large Enterprises

Designed with large organizations in mind, FlowAssure can handle complex vendor ecosystems and meet stringent regulatory standards, giving businesses the confidence to scale their operations effectively.

A Game Changer for Vendor Risk Management

The introduction of FlowAssure promises to significantly reduce the time taken for vendor risk management from weeks to just minutes, without compromising on governance and oversight. John Murphy, CEO of FlowForma, emphasized the transformative nature of the solution, stating, "Vendor risk management has traditionally been slow, manual, and prone to error. FlowAssure changes that. By combining AI with structured workflows, we give security and compliance teams the power to make smarter, faster, and fully auditable decisions. Organizations can reduce manual effort by up to 90% and get approvals 5X faster, while maintaining complete visibility and control."

Join the Live Product Showcase

FlowForma is inviting security, compliance, and procurement leaders to participate in a live webinar scheduled for November 19 at 3 pm GMT / 10 am EDT. During this session, attendees will witness the new FlowAssure AI agents in action, evaluate vendor assessments in real time, explore automated workflows, and have the opportunity to engage in a Q&A session.

To register for the webinar or to learn more about FlowAssure, please visit flowforma.com/flowassure.

About FlowForma

FlowForma is at the forefront of Digital Process Automation (DPA), empowering users to design, deploy, and optimize workflows with intelligent automation that requires no coding. Supporting over 300,000 users globally across Europe, America, and Asia Pacific, FlowForma continues to revolutionize how organizations approach process management and decision-making.