Monitoring Supplier Risk
The number of suppliers an organization partners with makes tracking potential risks or regulatory compliance extremely difficult. Supplier risk management requires organizations to monitor and identify risks across all suppliers, requiring different due diligence and decision-making levels.
Key Challenge
Solution
Outcome
- Dependency on multiple 3rd party risk verification tools
- Increased costs due to unmanaged API usage in large 3rd party operations
- Quantitative rather than Qualitative augmented information
- Data overlap issues among various 3rd party risk providers
- The need for manual research of suppliers as opposed to proactive monitoring
- Achieve specialized, intuitive workflows, with powerful reporting capabilities, and pre-configured tooling that provides a holistic view of all third-party vulnerabilities while providing a centralized, highly secure repository for all risk data
- Pre-configured integrations with all major rating agencies, including BitSight, Moody’s D&B, EcoVadis, RapidRatings, etc. enabling you to quickly validate both existing and new suppliers
- Streamline your supplier risk management workflows to achieve optimized and significantly more efficient internal processes
- Provide access to multiple risk datasets for comprehensive supplier risk assessment across different risk dimensions
- Continuous monitoring identification of supplier and supply chain risk
- Consolidate all relevant information into a single, accessible platform
- Control API access to effectively limit licensing costs and reduce overall expenditure
