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Risk Ledger

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(126)4.4/5

Risk Ledger is a network-first platform designed to deliver Active Supply Chain Security, providing organizations with a robust solution for managing supplier risk. Unlike traditional Third-Party Risk Management (TPRM) tools that often rely on isolated, point-in-time assessments of suppliers, Risk Ledger fosters a collaborative environment by connecting organizations and their suppliers through a shared network. This innovative approach enables continuous visibility into supply chain security, allowing businesses to proactively manage risks associated with their suppliers. The platform is particularly beneficial for organizations that rely heavily on a diverse range of suppliers, as it streamlines the assessment process. Risk Ledger's Standardised Assessment Framework eliminates the need for repetitive questionnaires by utilizing a single supplier profile that can be shared across multiple client relationships. This feature enhances efficiency at scale, as suppliers only need to complete their profiles once. With approximately 65% of suppliers already on the network with completed profiles, new organizations can often connect to existing suppliers and begin reviewing their responses in less than 24 hours. This rapid onboarding process significantly reduces the time it takes to gain supply chain visibility. In addition to improving efficiency, Risk Ledger provides enhanced supply chain visibility by mapping third, fourth, and nth-party dependencies as they truly exist. This comprehensive mapping reveals concentration risks and systemic vulnerabilities that traditional methods, such as spreadsheets, may overlook. By gaining a clearer understanding of their supply chain landscape, organizations can make informed decisions and implement strategies to mitigate potential risks. Another key feature of Risk Ledger is its proactive threat management capability. When a critical vulnerability is identified, all suppliers within the network are promptly notified and asked to report on the potential impact. This real-time communication allows clients to gain immediate insights into their exposure without the need for manual follow-ups or extensive data collection efforts. As a result, organizations can respond swiftly to emerging threats, enhancing their overall security posture. With over 19,000 organizations and more than 40,000 tracked connections on the Risk Ledger network, the platform is building the largest interconnected database of supplier security data. This extensive network not only facilitates better risk management but also fosters a collaborative approach to supply chain security, enabling organizations to work together in defending against potential threats.

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### 58.0

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