Vendor Risk Management

Traversals' Vendor Risk Management

Identify, assess and manage vendor risks in real-time – with a single platform.

Companies can easily have hundreds of multinational subcontractors in their supply chain. Reliable risk management seems to be impossible. The Vendor Risk Management solution enables the administration and monitoring of risks emanating from complex supply chains. A continuous assessment based on OSINT ensures that vendor risks are identified before they lead to financial or reputational damage. This solution supports your risk managers in assessing a global supply chain.

> 1 Million

companies long-term tracked by Traversals’ Vendor Risk Management.

> 50 Million

data points captured per month.

90 %

of personnel costs can be saved with Traversals’ help.

Discover, Track and Rate Vendors’ Risk Profile

The Vendor Risk Management solution from Traversals uses an intelligent crawler to autonomously discover and add companies to the Enterprise Knowledge Database. By using the latest NLP technology, an intelligence object is created for each company, which serves as the basis for the risk assessment. New company updates, such as new datasheets, annual reports or references in media, will trigger the process of updating the intelligence object.

Identify Risk-Related Links Between Vendors

Vendor Risk Management solution is able to uncover hidden connections between vendors by running deep-dive analyses. Such relations can heavily influence risks. Analysts can view these compounds in the analysis and perform an evaluation of it.

Write Focused Risk Assessment Reports About Your Vendors

A customer-specific risk score is estimated based on the intelligence object and its metadata. This risk score depends on multiple technical and non-technical parameters, such as the number of cybersecurity risks. It allows the ranking and sorting of all vendors in the customer’s context. Analysts can focus on the top 10 vendors and use the gained intelligence to write in-dept reports for decision-makers.

Traversals' Vendor Risk Management is Based on Following Technologies

Data Fusion Platform

Enables secure collaboration between analysts and orchestrates all elements of the Intelligence Cycle.

Federated Search

Provides a single AI-augmented search API for proprietary data sources, open and dark web search engines.

Enterprise Knowledge Graph

Provides secure access to already stored information, such as persons or events, in an easily searchable environment.

Understand Your Vendors’ Situation and its Consequences

Traversals’ Intelligence Platform enables faster prediction, identification and response times by collecting, analysing and processing multilingual information in the context of your needs and your workflows.
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