Ditch the spreadsheets and start using data-driven workflows to assess your supply base on critical risk domains from InfoSec to ABAC and more, improving efficiency while protecting your brand and bottom line.
Understanding what each supplier is doing and why, intelligently identifying risk exposure.
Develop a multi-level risk model that includes each supplier and their relevant suppliers.
Communicate risk to decision makers and maintain regulatory compliance while reducing compliance costs.
Gather internal information on exactly what the supplier is doing, why, and what resources they will have access to.
Based on what the supplier is doing and the risks identified, use domain-specific templates (InfoSec, GDPR, ABAC, etc.) to gather the right information for risk mitigation and compliance.
Get the right information, model risk, and ensure compliance across InfoSec, Anti-Bribery Anti-Corruption (ABAC), GDPR, and many other domains—even as new domains emerge.
Extend data gathering and risk modeling to include suppliers' suppliers as needed to ensure compliance and manage risk.
Take action to de-risk the supply base, transitioning spend away from high risk suppliers as needed and managing corrective action plans where appropriate.
Ensure compliance with contractual terms for off-boarding—such return of sensitive data—while streamlining termination and transition and maintaining auditable records of compliance.
See the magic of Coupa. Attend one of our weekly live demos!
Discover how to make use of tools and processes to become champions of supplier enablement.
CFO.com and Lagunitas discuss ways to measure Business Spend Management success.