This startup provides machine-learning-based compliance automation tools for small to medium-sized businesses, enabling them to efficiently create and maintain compliance policies. By streamlining compliance processes, the company helps clients meet security standards and remain competitive within their supply chains.
Funding
$400K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Small to medium-sized businesses (SMBs) often struggle to meet complex regulatory compliance requirements due to limited resources and scattered information. The cost of hiring consultants to navigate these standards can be prohibitive, hindering their ability to compete, especially within larger supply chains.
Solution
ISMS Applications provides technology-assisted compliance solutions that automate the creation and maintenance of compliance policies for SMBs. The platform, Vendor Verifier, offers a step-by-step approach to policy production and review, enabling businesses to achieve cost-effective compliance and maintain approved vendor list status. By leveraging machine learning, the platform assesses existing policies, identifies gaps, and facilitates revisions to meet industry-specific regulatory standards such as CMMC 2.0, NIST 800-171, ISO 27001, and ISO 9001. This do-it-yourself approach reduces the need for expensive consulting services, empowering SMBs to manage their compliance at their own pace and stay organized with a centralized policy repository.
Target Audience
The primary target audience includes small to medium-sized businesses seeking cost-effective compliance solutions, procurement professionals aiming to reduce third-party risk, and GRC (Governance, Risk management, and Compliance) affiliated organizations.
Features
- Policy Builder: A DIY tool that guides users through creating policies adhering to specific compliance standards.
- Policy Assessment: AI-powered analysis of submitted documentation, providing clause-by-clause scoring and identifying areas needing improvement.
- Key Elements Not Included (KENIs) identification: Highlights specific areas lacking in compliance.
- Support Materials: Includes templates with guidelines, references, and an "Ask the Auditor" section.
- Customizable platform: Tailored to address specific industry regulatory requirements.
- Policy templates for NIST 800-171 and CMMC 2.0.
- Policy Assessment allows scoring of current policies including a key word analysis (gap assessment) towards CMMC 2.0.
- 6 month-cycle policy review reminders to ensure continuous policy updates and management in accordance with DoD requirements.
- Dashboard provides policy version history with full audit-trail.
- Cloud-based secure and compliant platform.