Supplier Risk and Performance Solution
MetricStream Supplier Risk and Performance Solution enables organizations to effectively manage, monitor, and track multiple stages of their supplier relationships. Built on the M7 Integrated Risk Platform - intelligent by design, the solution extends across the global supplier network, aggregating and mapping supplier and sub-supplier data for comprehensive transparency. The solution facilitates thorough assessments and audits of suppliers, thus maintaining a reliable pool of suppliers for each category of product or service. Through powerful reports and dashboards, organizations gain quick and comprehensive insights on their supply chain which then can be transformed into actionable business intelligence to support decision-making.
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Key Capabilities
Information Management
Onboarding Due Diligence
Continuous Risk Monitoring
Performance Management
Customer Experience
The subject of GRC is very new, but all industries are discussing it. GRC will become one of the most important subjects in the next decade.
Caroline Agletiner
Compliance Officer
Societe Generale
In terms of benefits of implementation, we've achieved everything we set out to. We have a single source of the truth. The GRC platform is seen by the CRO as the place where all of the risk and control data and loss event data in Nationwide is mastered. It is the central record, the only record that we use to report to the regulator.
SIMON CORY
Director
Nationwide Building Society
One of our biggest risks is responsible gaming risks. GRC technology can help us a lot in tracking this risk instantly, and taking measures to mitigate it.
Marisa Melliou
Group Audit Director
OPAP
Better Insights.
Better Decisions.
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Measurable Outcomes
Maximize the value of supplier relationships by assessing and tracking supplier risks, compliance, and performance, in a streamlined and efficient manner.
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80% reduction in supplier onboarding time which improves business agility and responsiveness.
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50% reduction in the time and costs required to complete supplier assessments, and to identify risk.
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Enhanced awareness of supplier risks by validating supplier information with leading industry content providers.
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Higher confidence in sourcing and negotiation decisions with insights on historical supplier performance.
Gartner Magic Quadrant
MetricStream Recognized as a Leader in the 2020 Gartner Magic Quadrant for IT Risk Management
PRESS RELEASE
MetricStream enables organizations to mitigate compliance risks with enhanced intelligent regulatory content libraries, delivered on its integrated risk platform
MetricStream Supplier Risk and Performance Solution enables organizations to effectively manage, monitor, and track multiple stages of their supplier relationships. The solution extends across the global supplier network, aggregating and mapping supplier and sub-supplier data in a common system for comprehensive transparency. The solution also facilitates thorough assessments and audits of both current and potential suppliers, thus maintaining a reliable pool of suppliers for each category of product or service. Through powerful reports and dashboards, organizations gain quick and comprehensive insights on their supply chain which then can be transformed into actionable business intelligence to support decision-making.