Risk Management

Realize the possibilities of an effective risk management program

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Monitor Risk

Effectively assess and track ongoing supplier and contract risk with qualitative and quantitative risk metrics

  • Unified supplier record
  • Multi-dimensional risk analysis
  • Interactive risk analytics
  • Configurable risk types and KPIs
  • Robust, flexible forms and scorecards to capture diverse stakeholder feedback
  • Campaign Management
  • Automatic updates of risk data
  • Seamless integration with 3rd parties to update supplier risk data

 

Benefits

  • Reduced time gathering / analyzing data
  • True 360 degree visibility of suppliers
  • Comprehensive view of various risk factors (Financial, legal, CSR…)
  • Timely / accurate risk insights
Learn More
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Former Fannie Mae CPO Joe Yacura draws upon 25 years of supply chain experience to ask whether today's procurement and supply chain teams are fully prepared for new expectations around risk management.

In this must-read resource for savvy sourcing and procurement professionals, you'll learn:

  • How to win the war against BIG data in your procurement organization
  • Why supply chain risk is rapidly becoming the overarching concern of top executives
  • 8 key factors to examine when designing your organizations process for managing supplier performance and risk

Read the Whitepaper
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Manage Risk

Reduce the impact of risk factors on your business

  • Flexible business rules / metrics to ensure teams are contracting and awarding business to low risk suppliers
  • Tracking and reporting on issues and disputes
  • Flexible validation workflows to verify follow-up actions and documentation
  • Team notifications and real-time alerts

Benefits

  • Reduced risk exposure
  • Visibility into risk mitigation progress
  • Faster response to risk factors
  • Improved supplier collaboration