for Better Operational Performance
Third parties are an extension of your business and brand, and Risk Managers are responsible for ensuring the organization is aware of third-party financial risks. When a key partner or supplier is in financial collapse, it’s too late to contain the damage to operational performance, revenue, regulatory requirements and reputation.
Yet a third party is usually within weeks of failure before their months-old financial statements or credit reports indicate significant bankruptcy risk.
65,000 third parties every day for our customers.
Enterprise Risk managers use our AI software to predict 90% of third-party bankruptcies two years in advance
They improve operational performance by:
Understanding financial viability for each third party
Executing contingency plans for third parties at risk
Incorporating easy-to-understand financial risk reports into third-party strategies and reviews