Enhancing Third-Party Risk Management (TPRM) with Artificial Intelligence

Strategic but complex: The challenge of supplier risk evaluation

Assessing suppliers and monitoring their risk levels is a strategic yet complex activity, often demanding significant time and resources. Manually collecting documents such as certifications, policies, and statements of applicability slows down processes, increases the risk of errors, and strains compliance efforts.

Security questionnaires also contribute to delays, especially when suppliers are slow to respond or prefer to share generic repositories instead of completing the forms. This shifts the operational burden to the requesting company, extending onboarding and risk evaluation timelines.

Fortunately, technology now offers a concrete solution to this complexity. By integrating AI into risk management processes, companies can transform traditionally reactive and manual activities into proactive, automated, and scalable workflows.

A centralized, AI-enhanced TPRM platform

Cegeka’s solution, built on the WEMAIND platform, is designed to centralize supplier risk management in a single environment where all stakeholders, from internal teams to suppliers, can collaborate in a structured, traceable, and efficient way.

This approach overcomes the limitations of fragmented management spread across emails, Excel sheets, disconnected repositories, and manual checklists. It simplifies the orchestration of the entire supplier risk management process, from sourcing to initial qualification, risk evaluation to mitigation, onboarding to continuous monitoring, while improving visibility into supplier-related risks.

Automation drives operational fluidity within the platform, with key features including:

• Automatic sending and tracking of questionnaires
• Dynamic task assignment based on roles and priorities
• Smart notifications and reminders to ensure deadlines are met
• Real-time dashboard and reporting generation

On top of this structured and automated foundation, AI further enhances the solution by handling data volumes and complexity that would be inefficient to analyze manually—paving the way for true scalability.

AI-powered compliance and gap analysis

Thanks to the partnership between Cegeka and expert.ai, the solution integrates an intelligent compliance module that supports gap analysis by automatically reviewing documentation provided by partners to detect non-conformities and suggest corrective actions.

The algorithm analyzes data within these documents to identify deviations from regulatory and security standards, generating insights that help create tailored questionnaires and guide remediation decisions.

This enables internal teams to act swiftly on real risks, allowing AI to detect non-conformities before they escalate into operational issues—freeing up time for strategic activities instead of manual document review.

The result: a more agile, continuous and sustainable approach to compliance management.

AI-assisted questionnaire completion

Cegeka’s integrated AI also supports both companies and suppliers in completing questionnaires.

Using validated documentation and publicly available information, the platform can generate coherent and complete responses, reducing the burden of manual input and improving the quality and consistency of collected data.

Suppliers can review and approve the responses, significantly shortening onboarding times and improving the efficiency of periodic risk assessments.

The benefits of AI in supplier risk management

• Guaranteed compliance
  AI enables early detection of non-conformities, supporting a preventive approach to risk management and reducing exposure to penalties and operational disruptions.
• Operational efficiency and time savings
  The intelligent compliance module quickly analyzes supplier documentation, flags issues in seconds, and accelerates risk evaluations—minimizing human intervention in repetitive tasks and freeing up resources for strategic work.
• Process scalability
  Unlike manual checks, AI algorithms easily adapt to growing supplier ecosystems, maintaining high performance even with increasing data volumes and complexity—allowing for broader risk coverage without proportional increases in time or cost.
• Faster onboarding
  With automated questionnaire responses, companies and suppliers only need to verify and approve the AI-generated content—dramatically reducing completion times and enabling faster supplier activation.

From Complexity to Control: Transforming TPRM with an AI-Driven Platform

A well-structured TPRM solution powered by automation and AI is no longer optional—it’s a strategic lever for ensuring operational resilience, regulatory compliance, and business continuity.

In an increasingly interconnected and regulated environment, adopting intelligent solutions for supplier risk monitoring means responding swiftly to market changes and protecting against unexpected risks across the entire value chain.