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.
Publicly Available Data
Search in thousands of sources, e.g. social media, news pages, blogs.
Understand 90+ Languages
Follow events globally independent of the language spoken.
Geocoding
Turn information into reliable latitude/longitude coordinates.
GDPR Compliance
Collect and analyse information the GDPR compliant way.
Information Fusion
Fuse collected information independent to its origin.
Flexible Terms of Use
Scale with your requirements, e.g. number of disasters to follow.
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.
