Privva adds automatic language translation features to SIG vendor assessments

2020-04-17 00:00

Privva, the leading third-party risk management platform, announced the addition of automatic language translation features for the popular Shared Assessments SIG Lite risk assessment format used as a standard within large industry sectors.

Language translation is available immediately for Privva's users and provides instant value by improving the speed, accuracy and decision-support insights from vendor risk data across regions, reflecting global businesses' true partner and supply chains.

"Supply chains are global, making it imperative for risk assessments to be tailored to local languages. Privva is leading the industry in offering seamless language translation for SIG assessments, lifting a common obstacle preventing organizations and their vendors from measuring and managing cyber risk," said Privva CEO Ishan Girdhar.

"Privva's immediate ROI for customers is wringing needless overhead hours, errors and indecision out of the vendor risk equation. Our platform draws on industry standards like SIG, updated industry sector templates reflecting our diverse customer base and intuitive visualizations to confirm companies are accurately mapping assessments to the true state of their vendor ecosystems."

"As an objective organization of professionals handling third-party risk issues in diverse fields, Shared Assessments promotes the SIG framework to give the community a flexible, universal approach to gathering necessary risk information from vendors," said David Perez, Chief Executive Officer of Shared Assessments.

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