Extended Enterprise Management

Assess providers prior to contract award.

Know your candidate suppliers. Discover potential issues before projects begin.

Best-in-class, supplier risk and relationship management begins long before a contract is awarded. We understand that as you begin to engage with suppliers and third party providers, it is imperative that you build a rich repository of information from each interaction. What services and products are offered? What certifications do they have? Do we have a non-disclosure agreement in place? Have the company’s principles been vetted against a watch list? What is their current financial strength?

The challenge that many companies face when using a sourcing or survey tool is that the information that is captured is only available to analyze a single event.

To address this challenge, Hiperos developed its Engagement module.

  • Project-based controls support integration of risk and compliance assessments with sourcing events and other key initiatives
  • Candidate supplier profiles create rich pictures of each prospective provider and capture important artifacts from the assessment phase (e.g. NDA’s and certifications)
  • Scoring algorithms for risk, compliance, and corporate responsibility expand pre-award evaluation criteria beyond price and scope
  • Lifecycle management ensures that information collected during the assessment phase becomes accessible to key stakeholders after the awards are made
  • Proof of Concept evaluations allow potential providers to be objectively assessed by multiple stakeholders

This functionality ensures that you have complete confidence going into the award of a contract. By supplementing the evaluation of scope and price typically addressed in a sourcing tool, Hiperos Engagements allows you to fully vet a project based on other criteria like certifications, background checks, financial viability, IP protection, insurance modification ratings, and many others.

Engagements – Key Features >>