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Orchestrated processes using a combination of AI technologies can solve these TPRM issues to better manage risk.

The right combination of AI (such as document understanding, NLP, and generative AI) and process orchestration will become the digital workforce for risk management. Imagine an AI-powered workforce multiplier receiving the documentation your vendors send in any format. Then, AI reads the documentation, completes your assessment, identifies answers outside your risk tolerance, creates issues or tickets in your ticketing system, and ties those issues to your operational controls. It also finds all the questions you asked, and their assurance packet and vendor still need to be answered.

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