Top 10: Supply Chain Risk Platforms

Supply chain gaps have been exposed by ongoing geopolitical tension, with businesses facing more risks with each event. Ensuring suppliers are risk-free is a major factor in building supply chain resilience.

Automated platforms and risk management tools are vital in protecting companies from risk, as they can identify and assess issues. 

At the same time, having a diverse range of suppliers prevents bottlenecks and provides a safety net during potential disruption.

Supply Chain Digital takes a look at the Top 10 Supply Chain Risk Platforms which are helping businesses protect their operations.

10. E2open

Employees: ~3,900
CEO: Andrew Appel
Founded: 2000

E2open has a unified, end-to-end software platform which provides businesses with more control and visibility over the entire value chain. Each supply chain touchpoint - planning, global trade, logistics - enables collaboration, protecting the supply chain by ensuring everything is visible. 

E2open has a range of application suites which can optimise demand forecasting, lower spend, reduce compliance risk and use real-time data to sense disruptions around the world. Users can also use these applications to resolve shipment and payment issues.

9. Resilinc

Employees: 300-400
CEO: Kamal Ahluwalia
Founded: 2010

Resilinc is trusted by a range of Fortune 500 companies and federal agencies to help with supply chain risk mitigation. Resilinc understands that supply chain risks are becoming more common and businesses need to understand where these disruptions are coming from. 

The Resilinc Agentic AI Suite includes agents which monitor, analyse and act on its findings, meaning businesses can stay ahead of disruption. With Resilinc, businesses can go beyond responding to crises, by anticipating and preventing them.

8. Prewave

Employees: ~240
Co-Founders & Managing Directors: Lisa Smith & Harald Nitschinger
Founded: 2017

Prewave offers clients simplified risk events around the world, putting them into actionable alerts which businesses can track. It offers transparency, proactive resilience and efficient compliance to its clients. Using AI and predictive analytics, it provides real-time insights on supplier risk to help build effective supply chains. 

With its Prewave Scoping solution, businesses can identify high-priority suppliers based on geography and commodity, allowing for the increase in efficiency of supply chain risk management.

7. MetricStream

Employees: ~1,200
CEO: Marc Levine
Founded: 1999

MetricStream simplifies governance, risk and compliance with purpose-built AI-first risk, audit and resilience products. It helps businesses avoid risk in the form of managing audits and avoiding compliance violations and fines.

MetricStream has a range of issue-specific risk management solutions, including cybersecurity risk management and integrated risk management. Using Agentic and Generative AI, its platforms automatically capture risk data and perform assessment before generating insights. Through this, businesses can avoid financial loss, cyber risks and ESG risks.

6. Ivalua

Employees: ~1K
CEO: Franck Lheureux
Founded: 2000

With Ivalua, businesses can gain a 360° view of supplier information and activity, creating accurate visibility and providing interactive risk analytics. Ivalua provides businesses with internal supplier risk assessments and action plans to follow up on potential issues.

It uses supplier and sub-tier supplier risk scorecards and provides seamless integration with third-parties to ensure supplier risk data is up to date. Businesses can gain comprehensive views of supply chain risk factors while spending less time gathering data.

5. Dun & Bradstreet Risk Analytics - Supplier Intelligence

Employees: ~6,200
CEO: Stephen Tulenko
Founded: 1841

Through using Dun & Bradstreet, businesses can make confident decisions and meet regulatory requirements. D&B allows leaders to verify potential clients to onboard faster, offering an intelligent idea of partners. 

Its risk analysis platform can help businesses achieve an 80% reduction in false positive management by automating risk mitigation which is faster and more informed. Dun & Bradstreet provides better transparency for all parties, leading to enhanced supply chain traceability. 

4. Coupa

Employees: ~3,400
CEO: Leagh Turner
Founded: 2006

With Coupa, businesses can speed up supplier onboarding, automate third-party risk detection and monitor supplier health for an ethical and low-risk supply chain. Using AI and data-driven workflows, businesses can consistently monitor outside data sources with a range of information and feedback, meaning they can take informed action. 

As feedback shifts, businesses can put any high-risk suppliers on hold or review alternative suppliers, with real-time alerts and intelligent next-step recommendations.

3. Achilles

Employees: 500-1K
CEO: Craig Rodgerson
Founded: 1991

Achilles operates in more than 140 countries, combining compliance coverage and international risk with local expertise - meaning that laws, cultures and risks are fully understood.

Achilles helps businesses be more proactive in managing third party risk and speeds up reaction time. The platform is built to help businesses improve compliance, using questionnaires, audits, watchlist screenings and reporting. It provides businesses with valuable insights across every level of the supply chain.

2. RapidRatings FHR

Employees: ~200
CEO: Charlie Minutella
Founded: 2007

RapidRatings’ Financial Health Rating (FHR) offers a scale and risk level assessment, categorising each company to see whether they have long-lasting potential, strong financial health and sustainable and efficient operations. Through this, businesses can understand whether or not they should invest in these suppliers or partners, or whether they should take urgent steps to mitigate risk. 

It combines near- and far-term risk factors, looking at whether minor changes need to be made or if it is a systematic issue. The FHR uses algorithms fueled by 12+million company-years of financial data across a range of industry-specific models. 

The FHR can detect supplier financial instability 12 months before it starts disrupting a business, meaning leaders have a significant period of time to prevent disruption.

1. SAP Ariba Supplier Risk

Employees: 109,000+
CEO: Christian Klein
Founded: 1972

SAP Ariba offers risk due diligence in source-to-pay processes, meaning business leaders can protect revenue and reputation at the same time as mitigating disruption. Through ongoing and proactive monitoring, SAP offers clients full data transparency during a time of large disruption threats. 

The SAP Ariba Supplier Risk solution provides actionable insights into high-risk suppliers with third-party risk assessments to evaluate and mitigate risk exposure. SAP uses cloud-based deployment to help companies make the best decisions.

With SAP, businesses can act fast due to the insight into location of at-risk suppliers, improve compliance with international regulations and find the causes of risk to ensure there is no fault on behalf of the company. This helps provide businesses with insights to make responsible plans for supplier selection, onboarding and contracting.