Interos, the first and only multi-tier, multi-factor third-party risk management platform, announced the general availability of Interos v2.0, a cloud-based solution for third-party risk management. Unlike any other solution, Interos automates the discovery of third through Nth party relationships in customer supply chains, automatically assessing multiple risk factors, including financial, cyber, geographic, operational and governance.
Interos helps businesses be proactive about risks posed by challenges like these through near real-time visibility.
With Interos v2.0, enterprise risk leaders responsible for sourcing, governance and resilience can for the first time continuously detect and remediate multi-tier, multi-factor risk in the most complex supply chains and business partner ecosystems.
“The ability to handle the unexpected ripple effects from events like the coronavirus can make or break a business. Our customers lead their industries with governance, resilience and sourcing programs that can protect them from business relationships with concentration risk, restricted countries, unethical labor practices, counterfeit products and data protection violations,” said Jennifer Bisceglie, CEO and founder of Interos. “And, that’s because we’re the only solution that continuously discovers risk in every part of a supply chain – physical or digital. Our clients don’t want to hear from the press that they have products on their shelves or components from companies using unethical labor practices or sourcing from embargoed countries.”
Using a variety of technologies, including a graph database, machine learning and NLP, Interos discovers hidden supply chains, business relationships and ecosystems. They score each vendor against multiple risk factors, including financial, governance, operational, geographic, and cyber. Interos’ workflow automates validation, triage and response to enterprise risk. With v2.0, the following features have been fully implemented in the platform:
● Multi-tier, multi-factor risk scoring. A comprehensive, summary view of your entire ecosystem with scoring along five key risk factors, providing rich insight at a glance.
· High-risk outlier detection. Machine learning parses 85,000 data sources and provides a continuously updated view of your highest risk suppliers with customized alerts for risk events, enabling truly continuous risk monitoring.
· Advanced visualization. See your ecosystem how you want with a risk scorecard, network, hierarchy and geospatial views.
· Multi-facet filtering. Filter suppliers by country, risk factor, industry and tier.
· Detailed risk insights. See individual company risk profiles with detailed summaries of risk-relevant information backing up risk scores.
