January 27, 2015
riskmethods / Munich, January 27, 2014 – Management of riskmethods, technological market leader for risk analysis of global supply chains, can look back on an exceptionally positive year. The company succeeded in significantly expanding its customer base throughout Europe and in the USA with companies from various sectors, such as the automobile, engineering, trade, publishing and communications industry, both in terms of SMEs and major global industrial enterprises. Increased personnel in software development, customer services and sales played a key role in this regard, as did our new representative office in Liechtenstein, which is responsible for expanding our business in Austria and Switzerland. riskmethods will continue this course of growth from its Munich headquarters. Renowned investors such as Senovo, Point Nine and Bayern Kapital, as well as business angels are supporting the company. The investments from these capital providers are to be used to further develop the SaaS solution "Supply Risk Network", as well as the European and American markets.
riskmethods is delighted about its second extremely successful business year in 2014. The response to our "Supply Risk Network", our SaaS solution for the supply chain risk management market, has exceeded our expectations by far," says Heiko Schwarz, Managing Director at riskmethods. "Reducing risks in the supply chain by means of identification, analysis and prognosis is a decisive factor for companies to thrive in global competition." That is why more than twenty new customers, such as AGCO, Bosch, Hottinger Baldwin Messtechnik, Swisscom and Webasto in Germany, Europe and the USA have decided to implement the SaaS solution and are using it to secure their supply chains.
Organizational Growth and Financing
riskmethods' strong growth is being backed by a second financing round led by Senovo. The capital provider, together with existing investors Bayern Kapital and Point Nine Capital, is supporting riskmethods' positive business development with an investment of two million US dollars. Part of this capital will be used directly to expand the business structures. "We have significantly increased our staff contingent in the areas of customer service, software development and sales to provide our customers with the best possible support and to expand our business," explains Rolf Zimmer, Managing Director at riskmethods. "Doubling the number of employees meant that we had to move to new, larger premises in Munich. In addition, riskmethods has opened an office in Liechtenstein, which is responsible for the Swiss and Austrian markets.
Expansion of Partner Network
The development of a strategic partner network is a key part of riskmethods' growth strategy. "The areas of information sources, implementation, consulting and technologies are extremely important to us," says Zimmer. "In 2014 we expanded our network with EcoVadis, provider of a leading platform for monitoring suppliers in terms of sustainability and CSR standards, and with industrial insurance broker and risk advisor Marsh, as well as with Pool4Tool, a procurement platform provider, to name a few. This puts us in a position to provide better support to our customers as regards their procurement processes, purchasing decisions and risk prevention."
Together with Dr. Hugo Eckseler from eckseler-consult, riskmethods we published a study on the topic of “ROI of Supply Chain Risk Management”. A calculator for calculating individual ROIs is available in conjunction with this study. Interested parties can download both the study and the calculator at www.riskmethods.net/de/roi at no charge.
Expansion of the Solution in 2015
riskmethods' objective is to provide its customers with an integrated and continuous risk control loop by way of its SaaS solution "Supply Risk Network", which will provide them with comprehensive data on a sustainable basis, also in respect of multi-tier supply chains. Accordingly, the "Supply Risk Network" is to be expanded with new solution components in 2015. "We want to support our customers in determining supplier criticality, so that they can assess threats using an approach that is even more fact-based. At the same time, this facilitates the impact evaluation process for risk events that have occurred," says Schwarz. "In addition, users are provided with automated suggestions for reactive and preventive action steps – appropriate to the relevant cause and associated impact." Data that will help make global supply chains even more immune, so as to secure the business success of these companies.
riskmethods provides companies with a comprehensive supply chain risk management solution for proactive monitoring and assessment of risks in the supply chain. Potential risks are detected at an early stage, which means that proactive steps can be taken to ensure that the ability to supply is not compromised, that compliance is maintained and that the corporate image is not jeopardized. The SaaS solution “Supply Risk Network”, which was developed in Germany, combines state-of-the-art technology and innovative provision of risk intelligence into a leading standard for supply chain risk management.