Supplier Risk and Performance Solution

Easily consolidate and rationalize supplier information within the supplier portal, including goods or services provided, contact information, contracts, associated business units, certifications, spend, country, performance scores, and risk or compliance issues.

Effortlessly manage supplier screening and onboarding, as well as new engagements with existing suppliers. Automate supplier risk scoring for further categorization. Screen and validate supplier information with the help of alerts from reliable internal or external sources.

Validate information on suppliers and gain insights into their operational and security risks, compliance, performance status, and sustainability ratings with the help of feeds from industry content providers. Review automated alerts, trigger risk assessments, and log issues for remediation.

Assess supplier compliance with ABAC mandates, FCPA, PCI-DSS, HIPAA, the HITECH Act, codes of conduct, information security, social accountability, anti-slavery, and other compliance requirements. Collect certifications and attestations in line with regulatory requirements.

Define and monitor supplier performance metrics based on contracts and policies. Assess and track each supplier's key performance indicator (KPI) scores (e.g. cost, delivery, service, quality). Incorporate supplier performance and risk data from various systems, departments, content providers, and processes like audits, assessments, and inspections.

Enable an effective business continuity management program in compliance with industry standards. Capture and track supplier business continuity plans and response to emergencies and critical events.

Accelerate audit processes, ranging from information gathering, to audit planning and scheduling, field work, reporting, and issue remediation. Enable various types of supplier audits, including compliance audits, quality audits, safety audits, IT audits, environmental audits, social responsibility audits, and sustainability audits.