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Supply Wisdom announces a partnership with Fusion Risk Management (“Fusion”) that will provide Fusion customers with seamless integration for enhanced Third-Party Risk Management (TPRM) and operational risk and resilience program needs.
Today, companies face a complex and high-risk supplier ecosystem that requires a deep understanding of current dynamics and the impact of third-party engagement. Deliver wisdom A sophisticated solution – designed to uncover hidden third-party threats across financial, operational, ESG, compliance, nth-party and location risks – combined with Fusion Risk Management’s robust platform provides comprehensive risk intelligence and detailed insights into vendor profitability, giving organizations complete confidence in the security of their third-party relationships.
“To ensure business continuity, companies must correlate their dependence on third-party suppliers. To do this, they need comprehensive, continuous risk intelligence to effectively understand and mitigate potential supplier threats,” says Tom Thimot, CEO of Deliver wisdom. “By partnering with Fusion, we are enabling more organizations to operate with greater confidence and resilience in an increasingly complex risk landscape. We look forward to continuing to work with the Fusion team to provide our clients with the tools they need to strengthen their TPRM programs.”
Key findings:
- The partnership ensures that organizations can be more strategic and proactive in their TPRM and operational resilience programs, enabling cross-functional teams to protect the business. Key benefits and features of the partnership include:
- Continuous monitoring: Through continuous third-party monitoring, companies can quickly identify and mitigate risks, ensuring the security and reliability of third-party relationships in real time – all within Fusion’s revolutionary platform, the Fusion Framework.® System.
- Risk assessments: Organizations can They can make more flexible and strategic business decisions by using risk assessments to identify their most important suppliers and thus determine where they need to invest the most attention.
- User-friendly dashboards: The integrated solution provides comprehensive dashboards that help identify and assess service impacts by leveraging key insights beyond the threat surface. Users have access to threat intelligence and metrics across a spectrum of key risk domains.
- Action-oriented alerts: Automated daily alerts keep organizations informed of increased risks and vulnerabilities associated with critical vendors, leading to improved response times and more effective risk mitigation strategies.
