Vendor privacy assessments are a critical part of any compliance program. But let's be honest, they're a huge pain. The traditional process of sending out spreadsheets, chasing down vendors for answers, and then manually evaluating those answers is a massive resource drain. It's time-consuming, inefficient, and often leads to inconsistent results.
The current process is broken. Your team is spending countless hours on low-value tasks like:
Chasing vendors: It can be a full-time job just getting vendors to fill out your assessment forms.
Deciphering answers: Vendors often provide incomplete or irrelevant answers, forcing your team to go back and forth for clarification.
Manual evaluation: Manually evaluating each answer against your risk framework is subjective and prone to human error.
Reporting to stakeholders: Creating reports for stakeholders and legal teams is another time-consuming task that takes your team away from more strategic work.
This manual process isn't just inefficient, it's also risky. The longer it takes to assess a vendor, the longer you're exposed to potential privacy risks. And with data privacy regulations like GDPR and CCPA becoming more stringent, you can't afford to take any chances.
The Solution: Automated Vendor Privacy Assessments with Privacy360
Imagine a world where you can send out a vendor privacy assessment with a single click and get a complete risk report in minutes. That's the power of Privacy360.
Our fully automated vendor privacy assessment module takes the pain out of the process, so you can focus on what matters most: protecting your business. Here's how it works:
Click, Send, and Evaluate: With Privacy360, you can send out assessments to your vendors with a single click. Our built-in privacy engine starts evaluating their answers as they're being populated.
Real-time Feedback: If a vendor's answer is insufficient or irrelevant, our engine prompts them for more information in real-time. This ensures you get the data you need without the back-and-forth.
Instant Risk Scoring: Once the assessment is submitted, our engine calculates a risk score and rating within one minute.
Comprehensive Reporting: You'll get a detailed report in your vendor assessment library, ready to share with your stakeholders and legal teams.
With Privacy360, you can finally say goodbye to the resource-sapping effort of manual vendor privacy assessments. Our automated solution will help you save time, reduce risk, and free up your team to focus on more strategic initiatives.
Ready to learn more? Visit our website to schedule a demo of Privacy360 today.