As you rely on a growing number of providers to contribute to your company’s value chain, it is critical to have the processes and tools to ensure business relationships are meeting all your expectations.
Whether you are looking to manage a single relationship or tens of thousands, Hiperos delivers an easy-to-use and easy-to-administer solution that addresses all the required elements – risk mitigation, performance management, compliance monitoring, corporate responsibility tracking, and supplier information maintenance.
SOLUTION OVERVIEW
Today it is not unusual for third parties to contribute as much as 90% to an organizations’ value chain. From direct material suppliers, outsource providers, resellers or brokers, managing third parties has become a required core competency of every business.
Most companies simply do not have the processes or tools in place to manage third parties in the same way that they manage their own internal functions. The result goes beyond costly failures, disruptions and fines. Revenue and financial performance suffer and brand reputation erodes.
