Logo of ProcessBolt

ProcessBolt

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Company health

Employee growth
21% increase in the last year
Web traffic
10% increase in the last quarter
Financing
October 2019 - $470K

Ratings

G2
4.8/5
(41)

ProcessBolt description

ProcessBolt is a vendor risk management platform that helps businesses automate and streamline the process of assessing and monitoring their third-party vendors. It offers a suite of tools, including AI-powered risk assessments, continuous security monitoring, and document analysis, all within a single platform. ProcessBolt aims to provide a comprehensive view of vendor security posture, enabling businesses to mitigate potential risks in their supply chain.


Who is ProcessBolt best for

ProcessBolt is a vendor risk management platform ideal for large enterprises across diverse sectors seeking to automate and streamline their third-party risk assessments. Users praise its customizability, centralized platform, and automated risk assessment features, highlighting time and resource savings. Some users note that initial setup can be time-consuming and UI/UX could be improved.

  • Best fit for enterprise companies.

  • Suitable for businesses across various industries.


ProcessBolt features

Supported

ProcessBolt stores and analyzes vendor documents, integrating them into risk assessments.

Supported

ProcessBolt supports compliance reporting through dashboards and regulatory tracking.

Supported

ProcessBolt supports real-time alerts for immediate notifications and mitigation.

Supported

ProcessBolt uses AI to automate vendor risk assessments and deliver real-time insights.

Supported

ProcessBolt supports identification, assessment, and mitigation of security risks.

Supported

ProcessBolt supports assigning and conducting risk assessments, including automated and customizable assessments.

Qualities

We evaluate the sentiment that users express about non-functional aspects of the software

Ease of Use

Strongly positive
+1

ProcessBolt reviews

We've summarised 40 ProcessBolt reviews (ProcessBolt G2 reviews) and summarised the main points below.

Pros of ProcessBolt
  • Highly customizable and adaptable to specific needs.
  • Excellent vendor support and responsiveness.
  • Centralized platform for vendor and risk management.
  • Streamlines vendor onboarding and due diligence.
  • Automates risk assessment processes, saving time and resources.
  • Knowledge base facilitates efficient responses to questionnaires and RFPs.
  • Improves consistency and accuracy of responses.
  • Unlimited user model.
  • Cost-effective compared to competitors and eliminates need for additional risk rating products.
  • Includes valuable features like DocAI and ThreatScape for document analysis and continuous monitoring.
  • Easy to use and implement, with a straightforward interface.
  • Integrates well with Excel and web sources.
  • Flexible assessment platform agnostic to methodology.
  • Intuitive administration and easy questionnaire creation.
Cons of ProcessBolt
  • Initial setup and adjustments can be time-consuming.
  • Limited customization for email sources and logos, causing confusion for vendors.
  • Visibility of vendor assessments needs improvement; accessible to all users within the vendor company.
  • Workflow builder can be challenging for first-time users.
  • Some minor bugs and unexpected interactions occur occasionally.
  • Limited ServiceNow integration.
  • Lack of desktop or text notifications for completed assessments.
  • MS Teams integration is desired.
  • UI/UX could be more modern.
  • "View Users" interface needs improvement; no easy way to delete or add data.
  • User activity dashboard only shows own company logins.
  • Importing questions can be difficult.
  • Another user role with permission to answer questionnaires but not add to knowledge base is needed.

ProcessBolt pricing

The commentary is based on 2 reviews from ProcessBolt G2 reviews.

ProcessBolt offers reasonable pricing and a solid return on investment. Users appreciate its affordability compared to competitors, especially given the time savings and efficiency gains it provides for managing vendor risk assessments and security questionnaires.

Users sentiment

Strongly positive
+1

ProcessBolt alternatives

  • Logo of Aravo
    Aravo
    Third-party risk management platform for smarter vendor oversight.
    Read more
  • Logo of Risk Ledger
    Risk Ledger
    Shared security assessments for your supply chain.
    Read more
  • Logo of Resolver
    Resolver
    Connects risk data for smarter decisions, stronger resilience.
    Read more
  • Logo of Ncontracts
    Ncontracts
    Integrated risk management for financial institutions, simplified.
    Read more
  • Logo of SecurityScorecard
    SecurityScorecard
    Rates cybersecurity risk for your business and your vendors.
    Read more
  • Logo of Auditive
    Auditive
    Automate third-party risk assessments with AI for regulatory compliance.
    Read more

ProcessBolt FAQ

  • What is ProcessBolt and what does ProcessBolt do?

    ProcessBolt is a vendor risk management platform that automates and streamlines third-party vendor assessments and monitoring. Using AI-powered risk assessments, continuous security monitoring, and document analysis, it provides a comprehensive view of vendor security posture, enabling businesses to mitigate supply chain risks.

  • How does ProcessBolt integrate with other tools?

    ProcessBolt integrates with Excel and web sources for data import. It also offers some integration with ServiceNow, though users desire more comprehensive integrations, particularly with MS Teams. Further details on specific integrations are limited.

  • What the main competitors of ProcessBolt?

    Top alternatives to ProcessBolt include Venminder, Certa, AuditBoard, and Aravo. These platforms offer similar vendor risk management features, such as risk assessments, monitoring, and compliance tools. They cater to various business sizes and industries.

  • Is ProcessBolt legit?

    ProcessBolt appears to be a legitimate platform. User reviews on G2 rate it 4.8/5, praising its ease of use, automation features, and centralized platform. While setup can be time-consuming, the software offers a cost-effective solution for vendor risk management.

  • How much does ProcessBolt cost?

    ProcessBolt's pricing is not publicly available. Contact ProcessBolt directly for pricing details or to determine if the product is worth the investment for your needs.

  • Is ProcessBolt customer service good?

    ProcessBolt's customer service receives positive feedback. Users praise the vendor's responsiveness, helpfulness with implementation, and receptiveness to feedback and feature requests. The support team is considered knowledgeable and readily available to resolve issues.


Reviewed by

MK
Michal Kaczor
CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

TT
Tymon Terlikiewicz
CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.

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