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Artificial Intelligence

Apply the power of machine learning and natural language processing for intelligent automation, decision-support, and prediction across the third-party lifecycle.

From onboarding through continuous monitoring, achieving program agility is a challenge when users are overwhelmed with data and tedious manual processes. Business rules and mathematical calculations can reduce the burden though automation, but they can often require a lot of time and resources, which are often scarce in TPRM programs.

Aravo AI is a machine learning/natural language processing tool that leverages neural networks to “learn” the underlying business rules of your organization without an explicit business model and can be applied to practically any activity in Aravo where a user must make a decision based on a given set of data.

Features

Helps ensure that your organization’s policies and procedures are embedded within the system by using data generated by your users. Some AI solutions use aggregate data from multiple organizations to train AI algorithms, resulting in models that may not reflect your organization’s risk appetite and other unique needs.

Not dependent on particular data inputs or on access to large third-party data sets. Because Aravo AI uses your organization’s data, you have control over the attributes and quality of the data used to train your Aravo AI solution.

Can be incorporated into any Aravo solution where users are making decisions based on review of particular sets of input data. Rather than limited, pre-determined AI solutions that prescribe when the technology can be used, Aravo gives you the ability to decid e which risk domains and processes you want to enable with machine learning, whether you’re using a pre-configured Application or have a custom-configured solution.

Supports bulk processes. In addition to managing new data or processes, Aravo AI can analyze existing data to perform tasks such as changing values (e.g. status) or checking data to identify potential non-compliance (e.g. a potential error in manually assigning status) by making sure actual values match expected values.

Allows user control of AI usage. You choose how Aravo AI is configured based on your specific requirements, such as determining if you want it to fully automate a decision or make a recommendation to a user, and what level of certainty is acceptable when making decisions.

Launch workflows for complementary business processes. Because it is a component of the Aravo Platform, Aravo AI can seamlessly trigger other business processes based on the analysis of the data, such as enhanced due diligence or a corrective actions workflow.

Artificial Intelligence Features Screenshot

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