Release 4.0 of Hiperos moves supplier risk management solutions to a new level

Auto-enrollment feature will dramatically streamline manual review of risk and focus attention on exceptions

SOUTHBOROUGH, Massachusetts –April 19, 2010 – Hiperos, LLC, , a provider of on-demand solutions for managing the extended enterprise of companies, today announced the latest release of its flagship product R.Portal. R.Portal 4.0 marks a real milestone for risk management solutions. It goes beyond simply mapping policy requirements to mitigating controls. R.Portal 4.0 includes a powerful auto-enrollment feature that launches control programs (e.g. Information Security or Environmental, Health, and Safety) based on a defined set of business rules.

“It is common for our customers to track thousands of suppliers, engagements, or contracts, each requiring different compliance, performance, and corporate responsibility controls,” said John Abbatico, Chief Technology Officer of Hiperos. “Without an automated way to enroll these suppliers and their relationships in control programs based on multiple parameters, for example the outcome of a risk assessment or the change in financial condition, companies can only expect to manage a very small percentage of their supply base.”

Michael Lamoureux, the publisher of Sourcing Innovation, commented that “I had the chance to do a detailed review of R.Portal 4.0, and am pleased to say that Hiperos did a great job and that a number of significant improvements in 4.0 greatly increases the value the solution offers.”

In addition to Auto-enrollment, some of the other key features include:

  • Expanded conditionality functions (e.g. conditional branches and nesting)
  • Enhanced change management visibility
  • Additional notification controls (e.g. alerts for community forum and template library changes)
  • Advanced single sign-on administrative capabilities

In addition to the rich functionality offered by Hiperos, subscribers also benefit from the more than 100 program templates and thousands of KPI’s/SLA’s that are available.

About Hiperos
Hiperos is setting the course for how companies manage their extended enterprise.  Its flagship product, R.Portal, is an on demand service used to measure and monitor the performance, compliance, and sustainability goals of strategic providers.  By combining rich functionality and a platform for peer-to-peer collaboration, Hiperos provides companies like Aetna, CA, and State Street Bank with the capability to build collaborative supplier relationship management programs - programs intended to reduce costs, lower business risks, and drive improved company performance.  Information about Hiperos’ products and services can be found at www.hiperos.com.

Press Contact:
David Furth
Hiperos
+1 203-341-0777
E-mail David