In a significant move for the governance, risk and compliance sector, technology firm Complyance has launched a free AI-powered tool that provides instant vendor risk assessments.
Democratising Vendor Risk Management
The newly released Vendor Risk Scorer represents a major shift in how businesses approach third-party risk assessment. Previously, comprehensive vendor due diligence was typically only available through expensive enterprise tools, creating barriers for many organisations.
Richa Kaul, CEO of Complyance, explained the thinking behind the public launch: "Vendor risk scoring has always been expensive, manual or both for GRC teams. We built this AI agent to flip that model - making vendor due diligence faster, smarter, and available to all."
How the AI Technology Works
The public tool enables GRC teams to conduct live risk scans on vendors and receive immediate, comprehensive risk profiles. This real-time assessment capability marks a substantial improvement over traditional manual processes that could take days or weeks to complete.
Beyond the free public offering, the Vendor Risk Scoring functionality will also be integrated directly within the Complyance platform. This integration allows for automated scoring during vendor onboarding processes, significantly reducing the manual workload for compliance teams.
Industry Support and Future Developments
Fred Hagenauer, Partner at Speedinvest, expressed strong support for Complyance's approach: "What excites us about Complyance is not just their AI capabilities, but their mission to make it accessible to all. By making critical processes like vendor risk review available to the wider market, Complyance is setting a new standard for accessibility and innovation in Enterprise compliance."
Looking forward, Complyance has ambitious plans to develop one of the world's largest AI-powered vendor risk databases. This resource would provide compliance leaders with unprecedented capabilities for managing third-party risk across their supply chains.
The vendor risk scoring tool represents the latest addition to Complyance's growing fleet of AI agents, all designed to transform how enterprises approach governance, risk and compliance workflows. The company continues to invest in developing accessible, affordable AI solutions for critical compliance processes ranging from vendor questionnaires to external risk scoring.
