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).
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.
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 solutions.
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:
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 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.
Access either an Instant or Comprehensive current risk view.
Provide an ongoing view of risk that is available on demand, is always current, and accessible via Cloud Dashboard or open APIs.
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.
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:
Increasing internal teams’ efficiency in two ways:
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.
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.
Solution and risk intelligence available via Supply Wisdom cloud-based platform within 24 hours of sign-up
Open APIs available as a single risk domain stream or a comprehensive solution
Integrating Supply Wisdom’s continuous monitoring and risk intelligence into your current platform increases the value of the investments you have already made
Use Supply Wisdom’s single sign-on feature to access it all within your system
Continuous Alerts and Reports
|12-month Risk Scan||One-time
Instant and Comprehensive
|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|