Automated Vendor Compliance Evaluation System
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Solution Overview
Problem
The process of evaluating vendor compliance with information and security criteria is inefficient and time-consuming, often resulting in delays and increased costs, particularly when dealing with multiple vendors, and can lead to data breaches or reputational harm if not properly managed.
Innovation Solution
A computer-implemented system and method that monitors and determines vendor compliance with information and security criteria by accessing and evaluating cybersecurity, regulatory, intellectual property, and policy criteria, using contextual data to identify relevant criteria and automatically assess compliance, allowing for rapid assessment and transparent data verification.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Measurement precision
If manual evaluation of vendor compliance is performed, then thorough assessment can be achieved, but time consumption and cost increase significantly
Solution Approach 1:
The patent replaces manual compliance evaluation processes with an automated computer-implemented system that uses software modules to assess vendor compliance. The system automatically retrieves vendor information from multiple sources, evaluates it against security criteria, and generates compliance determinations without requiring manual intervention, thereby reducing evaluation time while maintaining assessment accuracy.
Solution Approach 2:
The system enables self-service compliance evaluation where the automated platform independently performs the entire compliance assessment process. The system automatically queries vendor information, retrieves security criteria, evaluates compliance status, and generates reports without requiring manual operation, allowing rapid assessment of multiple vendors efficiently.
2Reliability
If comprehensive vendor evaluation is conducted for all vendors, then risk mitigation is improved, but resource consumption and cost increase
Solution Approach 1:
The patent applies local quality by customizing the compliance evaluation approach based on the specific vendor and the nature of data being processed. The system selectively applies different security criteria and evaluation methods tailored to each vendor's specific context, rather than applying a uniform comprehensive evaluation to all vendors, thereby optimizing resource consumption while maintaining appropriate risk mitigation.
Solution Approach 2:
The system segments the compliance evaluation process into distinct modules and stages, including criteria retrieval, vendor information gathering, compliance assessment, and report generation. This segmentation allows the system to handle complex evaluations systematically and efficiently, breaking down the overall complexity into manageable components that can be processed automatically.
3Productivity
If automated compliance evaluation system is implemented, then evaluation speed and efficiency improve, but system complexity increases
Solution Approach 1:
The patent implements a universal compliance evaluation system that can assess multiple vendors against various security criteria using a single integrated platform. The system is designed to handle different vendor types, data categories, and security requirements through a unified architecture, reducing the need for multiple specialized systems and thereby managing complexity while achieving high evaluation speed and productivity.
Data Source
AI summary
A computer-implemented system and method are disclosed that monitor and determine vendor compliance with at least some aspects of information and security criteria. At least one computing device is configured by executing code to access information and security criteria respectively associated with a vendor that provides a good and/or service. At least some aspects of the information and security criteria are provided by an organization considering the vendor and, further, the information and security criteria include at least one of cybersecurity criteria, regulatory criteria, intellectual property criteria, data management criteria, and policy criteria.