The module enables a proactive and auditable approach to supplier risk and compliance with dashboard and reporting functionality and the ability to link to external data feeds, when required. Within this module you are able to automate risk management with auditable workflows to identify, manage, escalate, and mitigate supplier risks. Detailed and automated compliance, audit, and accreditation management delivers transparency across all suppliers.
Key functionality enables you to conduct risk assessments before implementing and tracking action plans. Receive proactive action prompts against your mitigation plan with workflows facilitating the management of risks and incidents by enabling their escalation and the approval of decisions.
Automate risk management processes with a fully auditable workflow to help mitigate supplier risks, and implement and track action plans
Conduct risk assessments to assess supplier risk profile (including data from integrated external risk platforms where required)
Track risks against defined metrics, before calculating severity levels