ISMS Applications announced that four versions of its VendorVerifier solution are now available for online purchase on , the digital marketplace for SAP partner offerings. These include versions of VendorVerifier for SAP Ariba Sourcing, SAP Ariba Contracts, SAP Ariba Supplier Lifecycle and Performance and SAP Ariba Supplier Risk. The VendorVerifier solution integrates with SAP Ariba solutions and helps customers drive down cost, reduce risk and protect intellectual property by expanding the community of suppliers compliant with work-from-home and other cybersecurity focused policies.
“Our SAP partnership marks a significant milestone for our VendorVerifier product,” said S. Carr Davis, co-founder of ISMS Applications. “Now, all organizations that rely on SAP Ariba solutions for sourcing, contracts, supplier lifecycle and performance and supplier risk functions have the opportunity to access VendorVerifier to help their large communities of suppliers develop compliant policies that help mitigate supply chain risk, minimize supplier burden and increase the number of qualified suppliers.”
Buyer organizations and their suppliers face substantial sourcing and risk management challenges. Suppliers suffer from assessment fatigue, and often lack the knowledge or resources to respond to buyer requirements in areas like cybersecurity. As a consequence, buyers find their pools of suppliers are shrinking, which jeopardizes schedules and raises the cost of goods and services.
VendorVerifier directly addresses these concerns. The product leverages machine learning technology to:
- Build work-from-home and other cybersecurity policies from scratch, based on requirements and best practices found in the National Institute of Standards and Technology’s Cybersecurity Framework (NIST CSF), buyer directives and other standards and regulations.
- Analyze existing policies against the NIST CSF and buyer-specific requirements, identifying gaps, shortcomings and Key Elements Not Included (KENI).
- Recommend upgrades to existing policies to account for gaps and KENI to help attain and maintain compliance – enhancing collaboration between buyers and suppliers and end-to-end supply chain cyber health and hygiene, complying suppliers in rather than assessing them out and providing buyers with a more competitive bidding environment.
Businesses using SAP Ariba solutions for sourcing, contracts, supplier lifecycle and performance and supplier risk can purchase VendorVerifier and share its powerful benefits with their entire supplier communities. Because the product is a cloud-based, Software-as-a-Service application, supplier access is simple and straightforward, helping to deliver results to buyers and suppliers quickly.