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Subcontractor Risk

How well do you know you third parties? You engage them to deliver goods and services to your company, but they may themselves be outsourcing some of their work to other companies (essentially, fourth parties).

If unmanaged and unidentified, as we have seen in the news, fourth parties can introduce unknown risk to your organization that could have enormous impact on your product, your revenue and your reputation.

Hiperos automates the ability to accurately map your third parties and their subcontractors and to understand their potential impact across a number of key areas such as specific suppliers, products, geographies or contracts. By understanding your exposure and potential for "single point of failure", you can more effectively manage your subcontractors, and therefore supply chain risk, supply chain resiliency, and business continuity.