Supply Wisdom is a comprehensive patented solution offering full-stack risk coverage Our supply chain risk management solutions can be purchased as a comprehensive Risk Package or as individual Risk Domain Modules.
Risk Packages
Today as the risk of disruption arises from a wide array of risk events beyond cyber and financial, Supply Wisdom provides a full-stack of risk coverage across 7 risk domains. The market’s only single source comprehensive solution, our Risk Packages enable businesses to cost effectively and efficiently access a comprehensive view of their third-party and locations risks without having to pull together intelligence from multiple disparate solutions.
For further details, see Risk Packages for:
Risk Domain Modules
We understand that for some business functions perhaps only one or two particular risk domains fit their needs, while others want full coverage. The flexibility of our solution enables us to offer individual risk modules to be purchased either as risk intelligence, continuous risk monitoring or combination of risk intelligence and continuous risk monitoring. (See Product Options for further details).
For further details, explore Supply Wisdom’s supply chain risk management solutions and Risk Domains
Risk Domains
Supply Wisdom’s full stack risk domain coverage includes third-party risk domains and as well as stand-alone location risk domains for deeper location risk coverage.
Standard Domain Coverage:
Additional Domain Coverage:
Risk Metrics
Each risk domain is comprised of several risk categories. (See individual Risk Domain Modules for further details)
Under each category there are many individual metrics.
170+ Third-Party Metrics 160+ Location Metrics
Data accuracy in our advanced risk management solutions is assured through a combination of AI (Artificial Intelligence) and human curation. While RPA (Robotic Process Automation) enables data gathering from millions of sources for 330+ risk metrics in near real-time, Supply Wisdom’s data algorithms use AI and machine learning to validate accuracy, eliminates noise and provides actionable intelligence by performing 3 key functions:
Establish truth by leveraging truth meters and validation checks
Sentiment analysis to determine whether the information is positive or negative
Risk impact level assignment to Low, Moderate, High or Critical
The final level of human curation, if needed, ensures no noise alerts and zero false positives.
Ask us to demo this intellectual property powering our advanced risk management solutions.
The Supply Wisdom Process
Supply Wisdom is a patented risk management solution (US PTO Patent No. 10,643,165B2) that delivers actionable and continuous risk intelligence on third parties and locations.
Our patented technology continuously monitors for risk events. After validation, risk data collected from disparate sources is transformed into intelligent risk alerts, quantified risk metrics and other actionable risk intelligence. Risk findings from alerts can drive automated risk actions reducing manual intervention.
Supply Wisdom leverages the latest advancements in AI, RPA, machine learning and big data enabling enterprises to:
Continuously monitor their third-parties and locations in a fiscally effective manner
Know in near real-time when their risk landscape changes to drive proactive risk mitigation actions
Increase efficiency and effectiveness of their risk management efforts by automating the process from risk ID to risk mitigation actions
Risk Ratings
Each of the individual metrics is quantified into a risk rating using pre-defined algorithms. The risk rating ranges on a scale of 1 to 10 with 1 being low risk to 10 being critical risk. Ratings are color coded for ease of visualization
Risk Ratings Scale
Our Risk Methodology
Risk algorithms are driven by risk thresholds and weightages assigned to individual risk metrics, associated risk domains and their risk categories. Risk thresholds and weightages are based on current market/industry dynamics and trends and are expert reviewed twice a year to ensure they remain topical and relevant. All risk metrics are rolled up first into category ratings, then risk domain ratings and finally comprehensive risk rating for the entity being monitored.
While opinions may differ regarding the subjectivity of risk ratings, it is important to understand their value lies beyond the number itself. Fluctuations in risk ratings can be used to evaluate the risk landscape for risk trend analysis and for comparison to both industry benchmarks and between individual third parties and locations. Often it is the change in risk ratings that is more meaningful as a way to guide focus and action.
Risk Reports
One-time Risk Reports*
Access either an Instant or Comprehensive current risk view.
Instant Risk Assessments
An instant scan of risk events from the previous 12 months delivered as a sortable spreadsheet. Risk events are classified by risk domain and impact level.
Comprehensive Risk Scan
A deep dive scan of risk events from the previous 12 months PLUS risk metrics, risk ratings, and analysis delivered via Cloud Dashboard or open APIs.
* Available as part of Risk Check and Risk 360O
(See Product Options for further details)
Continuous Risk Reports**
Provide an ongoing view of risk that is available on demand, is always current, and accessible via Cloud Dashboard or open APIs.
Pre-Build Dashboards
Include a number of visualizations to provide a comprehensive portfolio view of risk with near real-time and continuously updated risk ratings. These visualizations enable users to quickly identify their most risky third parties or locations, explore findings and alerts, and more.
Scorecards
Present the current rating, as well as the rating and trend for the preceding two quarters, enabling a quick view of risk trends. Ratings are color-coded based on risk level. Downloadable as PDF reports for easy sharing outside of the platform or data as CSV for external data analysis.
Customizable visualization and charting option available.
** Available as part of Risk 360O
(See Product Options for further details)
Risk Events and Alerts
Supply Wisdom monitors your risk landscape for risk events with the potential to disrupt operations. The Supply Wisdom solution presents risk events as continuous Intelligent Risk Alerts, 12-month Risk Scans, and Alert Summaries.
Intelligent Risk Alerts
Issued in near real-time when a risk event occurs or risk metrics change
Know in near real-time when your risk landscape changes
Early warning to enable proactive risk mitigation actions
Our “Intelligent Risk Alerts”* are the perfect blend of automation and curation. RPA continuously scans millions of sources in over hundred languages for risk events. Machine Learning and AI assign each risk event a Risk Domain, Impact Level and Sources. Unlike Negative News Services, our system ensures there is no noise and zero false positives.
Each Intelligent Risk Alert includes:
- A curated executive summary of the risk event
- Color-coded impact level for easy prioritization of attention and effort
- Expert risk mitigation guidance provided as actions to consider
- Links to other related alerts and news sources for further deep dive
- Delivery via email, Cloud Dashboard and/or open APIs
Increasing internal teams’ efficiency in two ways:
Frees up internal resources from spending time on risk identification
Enables risk teams to focus on the most critical risk events
12-Month Risk Scans
Know your third party or location's current risk profile
Get an instant view of the risk issues experienced by your third party or location over the past 12 months.
Available as part of Risk Check and Risk 360O (See Product Options for further details)
Alert Summaries
See all the alerts for your third parties and locations in one place
A listing of all the alerts issued for either the day, week, month or quarter in an easy to consume format. Displayed with the highest impact level alerts listed first, they are a helpful tool enabling you to see at a glance what is happening with your third parties and locations and where to focus your efforts.
Downloadable Excel spreadsheets enable re-sorting alerts to match your needs. For efficiency, Alert Summaries include direct links to the individual Intelligent Risk Alerts.
See at a glance risk events that require immediate attention
Enter and track follow-up actions
Identify trends and see how risk events have changed over time
Available as part of Risk 360O
(See Product Options for further details)
(See Product Options for further details)
Access
All metrics, alerts, ratings, reports and other features can be accessed via the Supply Wisdom Cloud Platform or through APIs to seamlessly integrate into any third-party platform including RSA Archer suite, IBM OpenPages, OneTrust, Sirion Labs, Service Now, Lynx and others.
As Supply Wisdom offers an unlimited seat license, our risk intelligence can be leveraged across your organization. Risk coverage starts within 24-hours of sign-up.
Cloud-based Solution
Solution and risk intelligence available via Supply Wisdom cloud-based platform within 24 hours of sign-up
Open APIs
Open APIs available as a single risk domain stream or a comprehensive solution
Enhance Your Current Platform
Integrating Supply Wisdom’s continuous monitoring and risk intelligence into your current platform increases the value of the investments you have already made
Single Sign-on
Use Supply Wisdom’s single sign-on feature to access it all within your system
 Product Features |
Risk Check One-Time Report |
Risk Monitor Continuous Alerts |
Risk 360o Continuous Alerts and Reports |
|---|---|---|---|
| 12-month Risk Scan | One-time Instant and Comprehensive |
Yes | |
| Risk Metrics Risk Ratings Risk Reports |
One-time Comprehensive Only |
Yes Continuous |
|
| Near Real-Time Intelligent Risk Alerts | Yes | Yes | |
| Alert Summaries – Daily, Weekly, Monthly, Quarterly | Yes | Yes | |
| Access via Cloud Dashboard or Open APIs with unlimited seat license | Yes | Yes | Yes |
| Buy Now | Buy Now | Buy Now |
Product Features
Risk Check
One-Time Report-
12-month Risk Scan:
One-time
Quick & Comprehensive -
Risk Metrics
Risk Ratings
Risk Reports:
One-time
Comprehensive Only -
Access via Cloud Dashboard or Open APIs with unlimited seat license
Risk Monitor
One-Time Report-
Near Real-Time Intelligent Risk Alerts
-
Alert Summaries – Daily, Weekly, Monthly, Quarterly
-
Access via Cloud Dashboard or Open APIs with unlimited seat license
Risk 360O
One-Time Report-
12-month Risk Scan
-
Risk Metrics
Risk Ratings
Risk Reports:
Continuous -
Near Real-Time Intelligent Risk Alerts
-
Alert Summaries – Daily, Weekly, Monthly, Quarterly
-
Access via Cloud Dashboard or Open APIs with unlimited seat license
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