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Modern supplier risk management programs harness the power of data and automation to do the heavy lifting. Tasks that once required manual effort—verifying tax IDs, checking for sanctions, validating bank account ownership—can now be completed in seconds through integration with trusted third-party data sources. By automating these risk checks and validations during onboarding, you eliminate back-and-forth emails, phone calls, and...

Ready to transform your supplier risk management strategy? Join respected GRC expert Michael Rasmussen, “The Father of GRC”, for an exclusive in-person workshop tailored for Procurement and Risk leaders. Details: 📅 Date: Tues, 17th June 🕐 Time: 1 PM – 4 PM 📍Location: Central Copenhagen Key Highlights: Gain actionable insights from best practices in supplier risk management Learn from real-world...

These delays have major impact on essential projects and increase administrative burden. Worse yet, weak controls leave the door open for fraud—payment fraud costs organizations an estimated $750 billion annually, with schemes ranging from check manipulation to digital payment scams. For U.S. government agencies handling taxpayer dollars, the stakes couldn’t be higher. Addressing these risks isn’t just about efficiency—it’s about...

Supported by high NPS, innovative use of AI and automation, constantly enhanced through well-executed and strategic M&A  GREENSBORO, N.C., April 28, 2025 – apexanalytix® (“apex”), a leading provider of global supply chain risk resolution software, services and data, today announced it was positioned the highest for Ability to Execute in the Gartner Magic Quadrant for Supplier Risk Management. We believe...

Based on a thorough review of solutions, apexanalytix received the top score of market leading differentiated features and functionality for the following categories: Supplier Onboarding Governance and Control Data Improvement and Enrichment Risk Data and Input General Technology and Integrations Support and Delivery   What You’ll Learn from This Report Which platforms are best at managing supplier risk, onboarding, and...

  Gain best-in-class insights to create a unified, proactive supplier risk management strategy.  This complimentary report from Gartner shares how your supplier risk management approach can be anchored to broader business objectives. Key Insights include: Proactive Risk Management: Transform fragmented efforts with best-in-class strategies to anticipate and respond effectively to risks.   Alignment with Business Goals: Define and anchor decisions...

Unlocking Business Success through Supplier Risk Management  As a global company, you understand the critical role that Sourcing, Purchasing, and Supply Chain functions play in driving your success.   But managing supplier risk can be a daunting task, especially when it comes to translating abstract risks into concrete business priorities. That’s why aligning your supplier risk management program with your business...

What is Supplier Risk Management?   Supplier risk management (SRM) is the process of identifying, assessing, and mitigating potential risks associated with third-party vendors or suppliers that provide goods or services to an organization.   Effective SRM helps organizations protect themselves from financial, operational, reputational, and compliance risks that can arise from vendor relationships.  It is a critical aspect of any organization’s...

Supplier sustainability reporting can be a major challenge in large companies. Teams must identify what data is needed from each vendor, establish collection processes, and implement them across vast supplier networks. Once gathered, this often inconsistent data requires internal resources to translate it into meaningful reports or insights. Effective automation could be critical in successful data collection, management and reporting;...