The Smart Cube (a WNS company) has updated its Supplier Risk Intelligence (SRI) solution to optimize internal risk management workflow.
SRI is an end-to-end risk monitoring and management solution, providing a holistic view of supplier risks, including financial, operational, legal and ethical, and labour and environmental aspects. The solution combines artificial and human intelligence to track supplier risks on an ongoing basis and deliver actionable insights without the usual noise. As a result, businesses get advance visibility and understanding which allow them to take the right actions at the right time.
The latest upgrades concentrate on optimizing workflows to help procurement teams put risk management front and center in their processes and to embed risk management protocols across the complete supplier lifecycle. The latest features include Know Your Supplier, a solution for pre-diligence and pre-contract compliance management, these safeguards for new suppliers cover sanctions, anti-money laundering (AML), anti-bribery and corruption (ABAC), politically exposed persons (PEPs) and adverse media.
SRI enables users to mitigate against risks, plugging gaps in commonly applied supplier risk management workflows.