Vendict utilizes generative AI to automate the creation and management of security questionnaires, significantly reducing the time spent on manual responses by up to 92%. The platform enhances compliance processes and builds trust through an interactive trust center that consolidates policies and evidence, streamlining vendor risk management.
Funding
$11.5M 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
Responding to security questionnaires, RFPs, and RFIs is a time-consuming and manual process for vendors, often requiring significant effort to compile and update responses. This process can delay sales cycles, strain vendor relationships, and hinder business growth.
Solution
Vendict offers an AI-powered platform that automates the creation and management of security questionnaires, reducing response times by leveraging a centralized knowledge base and generative AI. The platform allows users to upload existing compliance documentation to create a secure knowledge base. Vendict's AI engine then enhances frameworks, policies, and responses, automating up to 92% of the process. The platform also provides an interactive trust center to share security documentation with stakeholders, streamlining vendor risk management and building trust.
Target Audience
Vendict targets security teams, sales teams, and proposal managers who need to streamline their response processes for security questionnaires, RFPs, and RFIs.
Features
- AI-driven automation for security questionnaire, RFP, and RFI responses
- Secure knowledge base for storing and managing compliance documentation
- GRC Mentor provides expert suggestions based on industry best practices
- Self-assessment wizard for gap analysis and audit preparation across various frameworks
- Interactive trust center for transparently sharing security information with stakeholders
- Third-party risk management solution to enhance vendor relationships