State of Flux
SupplierBase - State of Flux

RISK MODULE

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MONITOR AND ACT ON SUPPLIER RISKS

Automate risk management with 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. 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.

Features

  • Automate risk management processes with a fully auditable workflow to mitigate supplier risks and track action plans.
  • Conduct risk assessments to assess supplier risk profile.
  • Integrate with risk data feed providers to enrich insights.
  • Track risks against defined metrics, before calculating severity.
  • Implement contingency plans.
  • Assign and report on audits of compliance documentation.
SupplierBase - Risk module