DVV Solutions, specialists in Third-Party Risk Management (TPRM), are pleased to announce the signing of a VAR agreement with Supply Wisdom, providers of real-time and continuous Third-Party and location risk intelligence.
The partnership sees DVV Solutions adding Supply Wisdom’s continuous monitoring platform to its growing portfolio of consultancy and managed services that help organisations more efficiently manage oversight of critical Third Parties and suppliers throughout their entire lifecycle.
“We are excited about adding DVV Solutions as an extension of coverage of the European Market. Their expertise and care for the customer is a natural fit,” remarked Atul Vashistha, Supply Wisdom Chairman. “They bring in-depth knowledge and experience in working with local clients and thoroughly understand the complex nature of the Third-Party risk market.”
Continuous insight across 300+ risk parameters
Supply Wisdom assesses and quantifies risk based on potential impact to your operations, reputation, and compliance. Its curated alerts provide real-time and continuous coverage of potential and actual incidents, providing risk impact level and appropriate guidance, resulting in news monitoring with zero false positives.
Sean O’Brien, MD DVV Solutions, commented “Supply Wisdom’s continuous monitoring and risk rating methodology is a perfect fit with own standards-based approach to Third-Party risk management. As fellow members of the Shared Assessments program, together we bring an even more consistent picture of an organisation’s exposure to multiple risk domains through their outsourcing and Third-Party relationships.”
Trusted by governance and risk professionals at Global 2000 industry leaders, Supply Wisdom provides the most comprehensive coverage of third-party and location risk across multiple categories and 300+ risk parameters:
Third-Party Risk categories: Financial, Cybersecurity, GRC, Solutions Maturity, Client, and People
Location Risk categories: Geo-Political, Legal, Financial, Scalability, Macro-economic, Infrastructure, Business, and Quality of Life
“In particular, Supply Wisdom’s Location Risk intelligence adds a new powerful dimension to this oversight beyond traditional Third-Party cyber risk. Our clients will benefit from valuable insight into the risks and opportunities for their business continuity and resilience that will feed directly into their location strategy and negotiations – whether it is through expansion, M&A, divestiture or business process outsourcing.” added Sean O’Brien.
About DVV Solutions
Established in 1999, we have become one of the UK’s leading managed service providers in the design, implementation and management of Third-Party risk management solutions. Our suite of consultative and managed services deliver significant improvements in:
– developing and maturing current risk methodologies and frameworks,
– scaling resources to supplement and enhance risk assessment programs, and
– delivering time and cost efficiencies through established best-practice and workflow automation
to enable risk assurance teams to spend more time on what’s important: eliminating control gaps, raising security standards, and reducing risk in the supply chain.
About Supply Wisdom
Supply Wisdom was launched in 2012, out of a need for an early warning service to help enterprises detect and prevent disruptions. Today, Supply Wisdom equips global enterprises with real-time and continuous third-party and location-based risk intelligence, risk monitoring, in-depth risk assessments, and risk scorecards to minimise the risks of disruption facing their business and third parties. Supply Wisdom is a NeoGroup company. More information at https://www.supplywisdom.com.