Vendict

Key Information

Key Features

• GRC Mentor
• RFP Expert
• Universal autofill
• Lightspeed Auto-Complete
• Zero-Touch Parsing
• Tagless Knowledge Base
• Role/Library-based Access Control
• Integration with Slack & Microsoft Teams
• External Source Integrations
• Audit Preparation
• Zero-Maintenance Knowledge Base
• Multilingual Support
• Custom Integrations

Pricing

• Growing Plan
• Scaling Plan
• Enterprise Plan

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What is Vendict?

Vendict is a cutting-edge tool designed to automate and streamline security questionnaires and third-party risk management processes. It leverages advanced generative AI to create personalized knowledge bases from existing compliance data, providing precise and comprehensive responses to security questions. This technology helps businesses improve their security posture and accelerate sales cycles by delivering timely and accurate responses to questionnaires.

Vendict's solutions are tailored to simplify compliance and risk management, allowing teams to focus on high-priority security concerns. The platform offers features like automated questionnaire completion, real-time insights, and custom risk scoring, which are crucial for efficient vendor management and risk assessment.

Features

• GRC Mentor: Provides enterprise-grade compliance guidance, helping teams navigate complex regulatory landscapes efficiently.
• RFP Expert: Offers competitive and comprehensive responses to requests for proposals, enhancing the quality of business interactions.
• Universal Autofill: Utilizes proprietary AI to automatically fill out questionnaires based on existing data, reducing manual effort.
• Lightspeed Auto-Complete: Accelerates the completion process by quickly suggesting relevant answers.
• Zero-Touch Parsing: Automatically processes and analyzes documents without manual intervention.
• Tagless Knowledge Base: Creates a seamless, organized repository of compliance information without the need for manual tagging.
• Role/Library-based Access Control: Ensures that only authorized personnel can access specific libraries and features.
• Integration with Slack & Microsoft Teams: Enhances collaboration by integrating with popular communication platforms.
• External Source Integrations: Allows seamless integration with external sources like Google Drive, SharePoint, and Confluence.
• Audit Preparation: Prepares businesses for audits by aligning with over 20 frameworks.
• Zero-Maintenance Knowledge Base: Automatically updates and maintains the knowledge base without manual intervention.
• Multilingual Support: Offers support in over 40 languages, catering to global businesses.
• Custom Integrations: Provides tailored integrations with tools like Salesforce and other GRC systems.

Pros

• Streamlined Questionnaire Completion: Reduces the time spent on security questionnaires significantly.
• Improved Compliance: Enhances governance practices by providing accurate and comprehensive responses.
• Enhanced Collaboration: Integrates with popular platforms to improve team collaboration.
• Customized Risk Management: Offers tailored risk scores based on specific vendor analysis.
• Efficient Resource Allocation: Frees up resources for more critical tasks by automating repetitive processes.

Cons

• Complex Setup: May require technical expertise for initial setup and integration.
• Dependence on Quality of Input Data: The effectiveness of the tool depends on the quality and completeness of the input data.

Vendict Pricing

• Growing Plan: Contact for pricing. Includes 5 questionnaires per month, 3 seats, and 1 product library.
• Scaling Plan: Contact for pricing. Offers 15 questionnaires per month, 10 seats, and 3 product libraries, with additional features like integration with Slack and Microsoft Teams.
• Enterprise Plan: Contact for pricing. Provides 25+ questionnaires per month, custom seats, and 5+ product libraries, with features like zero-maintenance knowledge base and multilingual support.

Frequently Asked Questions

1. What functions does the free trial of Vendict offer?

The free trial allows users to experience the full capabilities of Vendict's security questionnaire automation and third-party risk management solutions. It includes features like universal autofill, AI-powered review, and integration with external sources.

2. How does Vendict compare to similar tools?

Vendict stands out with its advanced AI-driven automation, real-time insights, and custom risk scoring. Unlike traditional tools that focus solely on workflow management, Vendict provides expert insights and automation, elevating the risk management process.

3. What is the refund policy for Vendict?

Vendict offers a 30-day refund policy. If users are not satisfied with their purchase, they can initiate a refund process by contacting customer support within the specified timeframe.

4. What are the prerequisites for using Vendict effectively?

To use Vendict effectively, businesses should have a substantial amount of existing compliance data, such as previously answered questionnaires and audit reports. This data is used to create a robust knowledge base that drives the automation process.

5. Is Vendict multilingual and multiplatform?

Yes, Vendict offers multilingual support in over 40 languages, making it suitable for global businesses. It is primarily a cloud-based solution, accessible through web interfaces, but it integrates with various platforms like Slack and Microsoft Teams for enhanced collaboration.

6. How can Vendict be used effectively in business operations?

Vendict can be used to streamline security questionnaires, automate third-party risk assessments, and enhance compliance practices. By leveraging its AI capabilities, businesses can reduce manual effort, improve response accuracy, and accelerate decision-making processes.