Companies are becoming more and more reliant on the players in their eco-system. Supplies that are essential for the delivery of your own goods or services as well as outsourced activities could all of a sudden experience an unwelcome interruption.

The supply chain management risk domain necessitates special procedures that prevent you from entering into relationships with high risks, promptly alert you when unacceptable deviations occur during an existing relationship, provide you with assurance that required and agreed-upon compliance demands are being met and prepare you in case disruptions happen. All these essential procedures for each important supplier and business partner can be supported by the CERRIX third party risk module. You can follow your supplier’s progress on risk and compliance issues including agreed measures-of-improvement. Unsatisfactory assessments will be noted in realtime dashboards and business processes for which the supplier is key.

The new CSRD legislation can also be simply incorporated to gather the data required for reporting on sustainability. Moreover, CERRIX can retrieve data from external data providers such as Bitsight (IT security), Moodies (Credit ratings) etc. which enables a 360 degree overview.