Digitized and Centralized Control Mitigates Risk at BMO
Value as a Service
Reduction in Risk Assessment Cycle
Integrated Supplier Risk and Performance Management
Needed accurate data for third party risk management.
Also needed data accuracy and visibility for regulatory compliance.
Good data was also necessary for CSR program and pandemic risk management.
Coupa Spend Analysis
Coupa Supplier Management
Third party risk is now visible and constantly updated in an ongoing plan.
UX makes using the system viable for even small suppliers, and increased buyer compliance.
Supplemental COVID-19 risk assessment allows quick response.