riskmethods named a finalist for the Best New Procurement Technology Award

03.28.2018

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Munich, 03.28.2018 - riskmethods, the market leader in supply chain risk management, has been recognized for its innovation in enabling procurement to deliver more value with its AI driven risk intelligence. The winners will be announced at the 2018 World Procurement Awards on May 17, 2018 at the Intercontinental Hotel in London.

Procurement Leaders' Best New Procurement Technology Award recognizes the latest wave of technology-driven procurement solutions and the companies responsible for their development. According to Procurement Leaders, this year saw a record number of entries from some of the most influential companies across 36 countries. Entries endure a rigorous three-stage judging process to ensure complete transparency and guarantee that the winners really are the best of the best.

“We are honored to be selected as a finalist for such a prestigious award. This is an acknowledgment of our strategy and also sends a signal to the whole riskmethods team to continue creating intelligent risk management solutions to help procurement organizations drive value for their companies,” said Heiko Schwarz, managing director and co-founder of riskmethods.

Through digital enablers such as digitization of the supply chain, near real-time big data monitoring of hundreds of thousands of information sources and self-learning algorithms for eliminating irrelevant risk information, riskmethods is creating the world’s leading risk intelligence. riskmethods leverages these digital enablers not for the sake of technology, but for the sake of making procurement and supply chain professionals much more effective and efficient than they have ever been before.

“When riskmethods can bring calm into global supply networks, businesses become more forecastable, and it has great impact on working capital, organization, business planning and forecasting. With that, our vision really is to be the platform, or the enabler, to bring calm into global supply risk networks so organizations can achieve these advantages,” said Schwarz.

riskmethods empowers businesses with supply chain risk management solutions that support the complete process of identifying risk, assessing impact and mitigating risk. The approach combines innovative big data and artificial intelligence capabilities with insightful risk intelligence to ensure that the right people have the right information at the right time. Armed with a digitized representation of their supply network’s risk profile, customers are able to make better decisions and achieve first-mover advantage in the face of threats.

The winners of the Procurement Leaders World Procurement Awards will be announced at a prestigious awards ceremony on May 17, 2018 at the Intercontinental London. The ceremony will bring together over 850 of procurement’s elite.

About riskmethods

riskmethods is a market leader in supply chain risk management with a mission to create reliable supply networks around the globe. Their award-winning SaaS solution helps companies of all sizes assure supply, maintain compliance and protect their revenue and reputation.

For press inquiries and more information, contact:
Laura Enny, Senior Product Marketing Manager
Balanstrasse 49
81669 Munich
Germany
le@riskmethods.net

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