Supplier Risk Management

Key Features

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  RFx Management

  Centralize RFPs and RFIdistribution, comparison and management. Automatically migrate selected suppliers to contracting or pre-contract due diligence workflows..

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  Contract Lifecycle Management

  Centralize supplier contract onboarding, distribution, discussion, retention and review. Leverage workflow to ensure that contracts include and enforce supplier resilience measures.

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  Detailed Supplier Profile

  Build a comprehensive supplier profile that includes beneficial ownership, financial performance, CPI scores, Modern Slavery statements, industry and business insights, and maps potentially risky 4th-party relationships.

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  Comprehensive Assessment Library

  Leverage the largest library of assessments available, with 200+ templates covering topics from IT security and data privacy, to ESG, ABAC and more. Or build and customize your own assessments with a simple drag-and-drop wizard.

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  Central Risk Register

  Validate business controls by normalizing, correlating and analyzing assessment results with intelligence from continuous risk monitoring.

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  Virtual Third-Party Risk Advisor

  Leverage a conversational AI trained on billions of events and more than 20 years of experience to deliver expert risk management insights in the context of industry guidelines such as NIST, ISO, SOC 2 and others.

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  Built-in Remediation Guidance

  Take actionable steps to reduce supplier risk with built-in remediation recommendations and guidance.

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  Compliance Mapping

  Visualize and address compliance requirements by automatically mapping assessment results to regulatory requirements and IT controls frameworks.

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  Performance & SLA Reporting

  Gain visibility into vendor contract status, attributes, performance metrics and more with a centralized, customizable dashboard.

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  Risk Profiling Snapshot

  Add intelligence to supplier pre-contract due diligence with insights into demographics, 4th-party technologies, ESG and CPI scores, business and reputational events, data breach history, and financial performance.

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  Supplier Intake & Onboarding

  Accelerate onboarding and eliminate error-prone manual processes by importing suppliers through an intake form, spreadsheet template, or API connection to your existing procurement solution.

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  Inherent Risk Scoring

  Leverage a simple questionnaire with clear scoring to track and quantify inherent risks, tier suppliers, and inform the scope and frequency of subsequent assessments.

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  Unified Supplier Monitoring

  Score supplier risk based on data aggregated from multiple sources of cyber, financial, reputational, ESG, business event, sanctions, PEP, CPI, and state-owned enterprise intelligence.

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  Workflow to Automate Actions

  Leverage an automation and rules engine that can suggest actions or adjust risk scores based on assessment results and external data feeds. Automatically create tasks and assign owners to track issues to conclusion.

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  Analytics & Reporting

  Reveal risk trends, statuses, and exceptions to common behavior with embedded machine learning insights.

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  Supplier Ecosystem Mapping

  Identify relationships between your organization and third, fourth and Nth parties to discover dependencies and risks in your extended supplier ecosystem.

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  Offboarding & Termination

  Leverage customizable supplier offboarding surveys and workflows to report on system access, data destruction, access management, compliance with relevant laws, final payments and more.