Avetta announced the Avetta One Platform, a single-source solution for managing operational, reputational and regulatory compliance risks.
“Business is shifting from a digital transformation to a societal one, as markets demand corporate accountability regarding safety, security, sustainability and ESG, ethics and social initiatives,” says Arshad Matin, president and CEO of Avetta. “Avetta One provides organizations analytical insights into how they measure up to their risks and goals across the entire supply chain.”
From Yahoo! Finance:
- Avetta One will give clients an unprecedented view of their supply chain risk programs through multi-risk analytics, supplier risk trends and supplier performance benchmarking. The platform uses millions of collected data points to provide real-time views on risks and delivers alerts on deviations from baseline measures.
- Avetta One focuses on health and safety, workforce management, sustainability and ESG, diversity and inclusion, liability, financial viability and cybersecurity.
“Most organizations have the means to focus only on top-spend supplier risks, causing them to miss significant risks in other areas of the supply chain,” says Matin. “Those risks can be costly at $47,000 per accident, $1 million per day/environmental violation and $4.2 million per cyber incident. Avetta One helps companies focus on leading indicators that help companies proactively manage risks through a holistic view of the entire supply chain.”