EY Supplier Risk Intelligence solution

In Consulting

Uncover risks associated with suppliers, and outline proactive and appropriate mitigating actions to achieve supplier visibility with EY Supplier Risk Intelligence, a turnkey solution.

Related topics Consulting Risk Supply chain

Your business challenge | Solution benefits | Use case | Solution features and functionality | Why EY | FAQs

Your business challenge

Supply chains for most organizations have grown large and complex. Businesses are relying on third parties to stay competitive; suppliers are introducing increasingly significant risks across multiple domains, in an ever-changing risk landscape. As consumers apply additional pressures and regulators require improved supply chain governance, it’s critical that businesses have a clear view of the risks introduced by their suppliers. 

Does your organization: 

  • Prioritize proactive supplier risk management activities against an ever-expanding risk landscape?
  • Use external data to inform the right initiatives that can deliver the most commercial value?
  • Have a cost-effective approach to supplier visibility through your entire value chain?

Solution benefits

EY Supplier Risk Intelligence (SRI) provides the foundational insights to build a comprehensive overview of potential supplier risks, address compliance demands and, eventually, achieve commercial value. Our solutions help you to:

  • Gain new perspective into your supplier risk management approach.
  • Uncover hidden risks and vulnerabilities across multiple risk dimensions.
  • Access clear, actionable insights through entity-level next-best-action suggestions.

Use case

Introduction of new suppliers into the ecosystem due to expansion or acquisition requires tedious due diligence. SRI can help prioritize efforts based on segmentation and risk score ranking.

Solution features and functionality

EY Supplier Risk Intelligence combines our proprietary supplier risk management methodologies with a multitude of external data sources to provide a high-confidence, outside-in risk view of suppliers and deliver actionable insights across the supplier population.

  • Risk-based segmentation

    • Data-driven supplier segmentation that ranks and prioritizes the supplier population using risk information, service category and spend.
    • Hundreds of risk attribute sources from thousands of reputable data providers, including government agencies, non-government and academic organizations, news and events alerts and other commercial data feeds.

  • Deep risk scan

    • Access to over 340 million unique entities and AI-driven entity-matching capabilities.
    • A deep risk scan of up to 100 suppliers across six domains: Cybersecurity, Financial, Geopolitical, Catastrophic Risks, Environmental Social and Governance, and Restrictions.
    • Complex methodologies aggregate large amounts of information into discrete sets of easy-to-understand risk indicators across those six risk domains.
    • An in-depth view into over 40 risk subdomains across the six risk domains.
    • Advanced analyses with additional insights into the overall supplier risk management program across business units and service categories.

  • Point-in-time report

    • A point-in-time report to uncover any hidden supplier risks and vulnerabilities across multiple risk dimensions.
    • Clear, actionable outcomes around those risks.

Why EY

EY Supplier Risk Intelligence combines our frameworks and methodologies from years of deep third-party risk management (TPRM) experience. From skilled TPRM resources to industry-leading data and technologies, EY guides you through transformation in a way few organizations can match. 

FAQs

How EY can help

Third-party risk management (TPRM) consulting services

Utilizing technology, EY teams can help you make better-informed decisions faster about third parties. We examine risk from every angle and provide you with the insights you need to identify the partners that will create better long-term value for your business.

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Service leader

Kanika Seth
Kanika Seth

EY EMEIA Financial Services Consulting Cybersecurity Leader

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