Introducing AI-Powered Tier Mapping for Third Parties

To streamline onboarding and improve risk segmentation, we are introducing Tier Mapping by AI. This feature uses AI to suggest the appropriate tier for each third party reducing manual effort and ensuring consistent risk classification.

Key Enhancements

• Automated Tier Suggestions
  The system analyses available third-party data (e.g., type, criticality, industry, relationship context) and recommends an appropriate tier level.

• Faster Onboarding
  Users save time during third-party setup by receiving tier suggestions up front, with the flexibility to review and adjust as needed.

• Improved Consistency and Accuracy
  AI-driven recommendations ensure a more standardised approach to tiering across the organisation, reducing human bias and classification errors.

This enhancement simplifies the tiering process, increases operational efficiency, and lays the foundation for smarter, data-driven third-party risk management.