Supply disruptions and supplier misbehavior can hurt the brand as well as the the bottom line. With Coupa Risk Aware you can enlarge your focus beyond a small set of critical suppliers to optimize your entire supply base.
View breakdowns of spend by supplier risk rating and opportunities to channel spend to lower-risk suppliers.
Dynamically score suppliers based on supplier behavior and third-party data on credit, restricted party and other risks.
Give users prescriptive suggestions when risk information changes, such as putting spend on hold for a supplier.
Most organizations only do quarterly or yearly checks on their suppliers, or rely on a third-party vendor for a static credit report. Coupa takes a different approach to supplier risk management, providing continually updated ratings ranging from Best in Class and Trusted to High Risk.
Coupa Risk Aware supplier risk software combines collective insights from more than 500 customers worldwide with third-party information on financial, judicial, news, and screening lists to create a single risk score for every supplier.
Using Risk Aware with Procure-to-Pay delivers real-time visibility into spend at risk. Not only do you get visibility into which suppliers may not be reliable; you also get visibility into POs and invoices with those suppliers.
Do more than just monitor supplier risk. Now you can take instant action. Risk Aware recommends steps to take, such as putting high-risk suppliers on hold or reviewing alternative suppliers.
Every business understands the damage supply chain disruptions can do to productivity and profits, but knowing how to get out in front of that risk is a real challenge. While most risk-assessment solutions focus on a small number of critical suppliers, at Coupa we believe every supplier’s status has the potential to impact your business. That’s why we created Coupa Risk Aware to provide visibility into risk factors across your entire supplier base, plus the tools you need to prevent problems.
Coupa Risk Aware rates every supplier dynamically using the Coupa community’s collective insights as well as credit ratings and legal checks. Our cloud-based risk monitoring platform lets you stay up-to-date and aware with real-time dashboard alerts. And integrating supplier risk ratings with actual spend data allows you to take control of Spend at Risk by following our prescriptive recommendations. Only Coupa Risk Aware lets organizations monitor supplier risk in real-time and take immediate action to avoid disruption. It’s time to say good-bye to supplier risk and hello to spend control.
Learn more about Risk Aware with this walkthrough demo.
Addressing the CFO Risk Scorecard with Business Spend Management.
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