SureCloud, a provider of cloud-based, Gartner recognized Integrated Risk Management solutions and cybersecurity services, has announced the launch of its free Supply Chain Risk Solution.
The new solution allows businesses to document their key assets and processes, assess their critical suppliers against a pre-defined question set. Then aggregate and report findings through flexible dashboards, helping organizations to assess the impact on their supply chain.
Effective supply chain management is particularly important at this time of global crisis. The effects of the coronavirus pandemic have transformed the way suppliers are managed and relied upon and created uncertainty for third-party risk programs. SureCloud’s new solution aims to support organizations in assessing their supply chain risks during the COVID-19 outbreak and beyond.
The free Supply Chain Risk Solution has a simple user interface with prebuilt content that enables rapid deployment of the solution. The solution offers a supply chain assessment, reports, and dashboards designed by industry experts within SureCloud’s Risk Advisory Practice. These components give businesses a time advantage as assessment can be sent directly to crucial suppliers from the SureCloud Platform. This, in turn, helps measure potential supplier risks and determine impacts on your supply chain.
The solution also offers built-in support including a library of training videos, a support desk, and advice from industry experts using SureCloud’s Risk Advisory Practice, ensuring smooth user adoption and realization of value.
Richard Hibbert, CEO and Co-Founder at SureCloud, said: “Most organizations understand the importance of third-party risk management by now, but fourth party risk and beyond remains too often shrouded in mystery. But if your third party is working with third parties – and most are, from individual consultants up to major technology providers – then those individuals or organizations are also part of your risk posture. This is why it is so important to think of your organization’s security and risk posture as part of a chain, in which you are only ever as robust as the weakest link.”
He continued, “Supply chain audits need to take in a broad spectrum of information. It’s not just about the obvious – what cybersecurity tools do they have in place, who is responsible for which process, what the contingency plans are – but also ‘softer’ information like where their offices are based and who their customers are. Supply chain audit solutions need to be able to collect all this data as efficiently as possible, which means that cloud-based solutions are often most appropriate. Third and fourth parties and beyond can respond to digital questionnaires with the information collated and aggregated automatically. The result is a snapshot view of the health – or risk – of the supply chain at any time.”
“SureCloud is dedicated to making risk management and cybersecurity as streamlined and straightforward as possible, so we are delighted to announce the launch of our Supply Chain Assessment Solution. We know it will help organizations gain a better understanding of their complete supply chain, particularly in light of current circumstances disrupting normal operations.”
By using the SureCloud Platform to assess supply chain risks, clients provide valuable global insights into the current state of the supply chain, which supports other organizations with their resilience strategy. SureCloud can utilize the results to measure and report on global trends relating to the impact and readiness of supply chains, before sharing this analysis for learning.
If you would like to find out more, click here: https://info.surecloud.com/free-supply-chain-solution
SureCloud is a provider of cloud-based, Integrated Risk Management products and Cybersecurity services, which reinvent the way you manage risk. SureCloud connects the dots with Integrated Risk Management solutions enabling you to make better decisions and achieve your desired business outcomes. SureCloud is underpinned by a highly configurable technology platform, which is simple, intuitive, and flexible. Unlike other GRC Platform providers, SureCloud is adaptable enough to fit your current business processes without forcing you to make concessions during implementation; meaning you get immediate and sustained value from the outset. SureCloud was place on the 2019 Integrated Risk Management and IT Vendor Risk Gartner Magic Quadrants. Visit the site here: https://www.surecloud.com/