Use Case
Standardise supplier onboarding
Create a common language of risk, seamlessly connect with and review suppliers, and accelerate supplier onboarding — at scale.
Create a common language of risk, seamlessly connect with and review suppliers, and accelerate supplier onboarding — at scale.
“TPRM was a laborious, manual process. It was based on customised questionnaires, using spreadsheets. It was not a scalable process. I’d estimate that we spend less than half the time to onboard a new supplier using Risk Ledger than using previous processes.”
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“The Risk Ledger Platform is easy to implement and includes a number of features to improve efficiency when monitoring supplier compliance”.
“Once you’ve taken the time to answer all the questions, it is easy to share with all potential clients who require similar information”.
"It was easy to add colleagues to complete the different sections! Say goodbye to spreadsheets. It also had links if you were unsure of where to head with the questions which helped a lot".
"One of the main advantages of Risk Ledger is that suppliers complete a single profile which they can then share with their clients on request. Suppliers benefit as they only have to do it once (besides regular updates obviously). Clients benefit too as other companies on Risk Ledger may have previously invited the same supplier which means it is already available as soon as they accept the connection requests".
"Easy to use and maintain cyber assessment tool, lots of great features including dashboards, reports, supplier discussions and notifications. Little push back from suppliers to complete assessments".
"It provides a single place to maintain and share your business security profile".
"There are no messy emails to track or Excel Spreadsheets to revision control. It clearly tracks progress and the action owners against each key point".
"AI capability that saves time makes a real difference. Often enough, there is a lot of repeat work going on with InfoSec which can be frustrating".
"The supplier risk map is great for supply chain visualisation, as well as the emergin threat section, especially with the coverage of the MS/Crowstrike global issues. The team were so quick in getting this deployed on the same day and allowed us to start tracking supplier responses very quickly".
"It consolidates risk information in one place, making it easier to identify, assess, and manage risks across the organization".
Synectics Solutions cut onboarding time in half. Connect to 16,000+ suppliers already on the network and see the same result.
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