The ProcureTech100 is the definitive 100 pioneering digital procurement solutions.
Cross-functional. Holistic monitoring. TPRM. Automation.
Here, we reveal a little bit about the pioneers in the Risk Management category.
“The pace of digital innovation and ability for digital procurement solutions to scale over the last year has been impressive. Exceptional CEOs and Founding teams are inspiring a generational change to the digital procurement ecosystem solving global challenges.”
Lance Younger, Founder & CEO, ProcureTech
The 2022 ProcureTech100 were selected from over 4,000+ digital solutions from across the planet, using enriched data and analysis, combined with the collective experience of more than 60 procurement leaders, technology experts and B2B investors. Pioneers have been identified across 14 different categories.
The Risk Management category is defined by multi-tier visibility and management with increasing amounts of Al powered insights and actions. Current market leaders have so far driven a deep focus on specific risk domains e.g. cyber, financial or sustainable procurement. This depth is integrated into data, supplier management and Source to Pay solutions. There is increasing adoption of universal metrics to aid comparative and collective performance management.
The 2022 ProcureTech100 Risk Management pioneering digital procurement solutions are:
Founded: 2010 HQ: Canada
Assent is the leader in supply chain sustainability management solutions. With more than a decade of experience, Assent is specifically focused on complex manufacturers, a subset of manufacturers in the industrial equipment, electronics, medical device, aerospace/defense and automotive verticals whose products have a long design cycle and shelf life. More importantly, with thousands of parts making up a single product — and equally as many supplier partners across their global supply chain — complex manufacturers have extreme supply chain sustainability requirements.
Founded: 2013 HQ: USA
Exiger is revolutionizing the way corporations, government agencies and banks manage risk and compliance in their third-parties, supply chains and customers through its software and tech-enabled solutions. Exiger’s mission is to make the world a safer and more transparent place to prosper. Emboldening its 550 customers across the globe, including 150 in the Fortune 500 and over 40 government agencies, with award-winning AI technology, Exiger leads the way in ESG, cyber, financial crime, third-party and supply chain management. Its work has been recognized by 35+ AI, RegTech and Supply Chain partner awards.
Founded: 2016 HQ: USA
We are FRDM (pronounced free•dom), an enterprise-grade Software as a Service that’s transforming how businesses manage and mitigate risk (like child labor) in their supply chains. We help our customers protect their values throughout their entire supplier network. Our customers are primarily Fortune 500 companies, but also include SMBs, investment funds, governments, NGOs, and academic institutions.
Founded: 2017 HQ: Austria
Prewave is an A.I. startup with the goal of making supply chains more sustainable, resilient and transparent.
*Tier-n transparency and supplier monitoring
*Compliance with supply chain legislations such as the LkSG
Founded: 2003 HQ: USA
ProcessUnity’s cloud-based solutions help organizations of all sizes automate their risk and compliance programs. Our highly configurable, easy-to-use tools significantly reduce manual administrative tasks, allowing customers to spend more time on strategic risk mitigation. As a software-as-a-service technology, ProcessUnity deploys quickly with minimal effort from customers and their IT resources. Our technology delivers faster, better results, and the ability to scale governance, risk, and compliance programs over time. ProcessUnity’s suite of applications includes Third-Party Risk Management, Policy and Procedure Management, Enterprise Risk Management, Regulatory Compliance Management, Product and Service Offer Management, and more.
Founded: 2007 HQ: USA
RapidRatings® is transforming the way the world’s leading companies manage enterprise and financial risk. RapidRatings provides the most sophisticated analysis of the financial health of public and private companies in the world. The company’s analytics system provides predictive insights into third-party partners, suppliers, vendors, customers and securities issuers. Every business conversation becomes more productive, transparent and efficient with the RapidRatings Financial Health SystemTM.
Founded: 2013 HQ: Germany
riskmethods empowers businesses with a solution to identify, assess and mitigate supply chain risk. By using artificial intelligence, we help you automate and accelerate threat detection, enabling you to gain competitive advantage with a well-managed approach to meeting customer demands, protecting reputation and reducing total cost of risk.
Founded: 2013 HQ: USA
SecurityScorecard is the global leader in cybersecurity ratings and the only service with over a million companies continuously rated. Founded in 2013 by security and risk experts Dr. Alex Yampolskiy and Sam Kassoumeh, SecurityScorecard’s patented rating technology is used by over 1,000 organizations for self-monitoring, third-party risk management, board reporting and cyber insurance underwriting; making all organizations more resilient by allowing them to easily find and fix cybersecurity risks across their externally facing digital footprint. SecurityScorecard is the only provider of instant risk ratings that automatically map to vendor cybersecurity questionnaire responses – providing a true 360 degree view of risk. SecurityScorecard continues to make the world a safer place by transforming the way companies understand, improve and communicate cybersecurity risk to their boards, employees and vendors.
Founded: 2011 HQ: USA
Sourcemap is the supply chain transparency company: helping consumers and companies trace products to the source and ensure standards are met every step of the way. Founded in 2011 after the Tohoku Tsunami devastated supply chain worldwide, Sourcemap is committed to providing visibility across the world’s most complex trade networks. Our software solutions help companies visualize their supply chains, discover indirect suppliers, measure risk, manage continuous improvement, track and trace individual products, and publish their supply chains online.