There are many roles in your company that help get projects done on time and on budget, while also reducing supply chain risks and business interruptions, elevating worker safety, and ensuring compliance. But when it comes to third-party safety and risk management, the lines get blurred.
Procurement teams need to source and maintain a competent supply chain that gets the job done without incident, and make sure third-party providers are insured and covered in case something does happen.
Operations teams need to leverage a qualified and competent third-party workforce so projects do not get delayed or go over budget due to incidents or interruptions to the supply chain.
EHS teams are passionate about ensuring safety and training compliance, and making sure workers go home safely to their families whether workers are internal or third-party.
Risk Management teams need to provide a standardized view of risk across the entire company and keep the company compliant to regulations, even though it is difficult to get the details of third-party risk.
Finance teams need to understand third-party return on investment, which is difficult because third-party performance information such as credit ratings and ESG are often difficult to obtain.
When different teams own different pieces of third-party risk, each piece is often managed using different tools. The result is old, unverified data in multiple places, which leads to inefficiency, unnecessary third-party risk, costly delays, and lost profits.
There is a better way.
Let the experts at Veriforce manage your third-party risk. We’ll create a solution specific to your organization, collect and verify information from your third-party providers, and present all of your supply chain and third-party risk information in VeriforceONE. Every team in your organization will align by using one global solution to get the accurate information they need, when they need it, and get the most from their supply chain and third-party network.
No other solution helps you manage your supply chain risk at the company, worker, and worksite level. Join the Veriforce Network today and streamline your operations to achieve better outcomes and ensure a more sustainable business.
