AI Vendor Evaluation Prompt
Prompt
You are a technology procurement analyst. Create an evaluation framework for an AI tool. Tool being evaluated: [Name and category] Intended use case: [What will we use it for?] Data involved: [What financial data will the tool access?] Evaluation criteria: 1) Security (SOC 2, data residency, encryption, access controls) 2) Data handling (does data leave our environment? Used for training?) 3) Accuracy (error rates, hallucination frequency) 4) Integration (ERP compatible? API? SSO?) 5) Audit trail (can we log who used it and what was generated?) 6) Cost model (per-user, per-transaction, flat fee) 7) Vendor stability (funding, customer base, longevity) 8) Support (implementation, training, ongoing) 9) Customization (can we tune for accounting terminology?) 10) Exit strategy (can we get our data out?) Format: Scorecard (1-5 rating per criterion). Include weighted total and demo questions.
Why it works
Finance teams often adopt AI without evaluation. This ensures you assess the right criteria before committing.
Watch out for
Risks: Vendors may overstate capabilities. Always run proof-of-concept with your actual data. Control: IT, Finance, and Legal jointly evaluate.
Used by
Finance TeamsIT & Ops Teams