Globalization opens the door to opportunity; your company can tap into a wider selection of suppliers, lucrative emerging markets and more. But, as the saying goes, “Progress always involves risk; you can’t steal second base and keep your foot on first.” Since growth and risk go hand-in-hand, companies need effective risk mitigation strategies to improve awareness to risk. It’s an increasingly difficult task in the age of 24/7/365 media and the ever-changing landscape of anti-bribery and corruption, anti-money laundering and modern slavery compliance requirements. Proactive supply chain risk monitoring powered by LexisNexis® Entity Insight can help.

Flexible customization features let you weight the PESTLE scoring to match your company’s unique risk-based approach. By applying color coding to levels of threat, you gain immediate visual cues— from red critical to amber warning—to better anticipate third-party risk. LexisNexis Entity Insight helps you minimize supply chain and wider business disruption, stay alert to potential compliance risks and protect your corporate brand.

Expand the scope of your risk media monitoring with ease

In addition to the authoritative news, regulatory and legal sources covered—many of which are not available on the open web—LexisNexis Entity Insight also helps provide additional awareness on private companies beyond what they self-report or what is uncovered by conventional credit scoring.

Getting started with this powerful solution takes just three simple steps.

  1. Upload individual or batch collections of suppliers and third parties for monitoring.
  2. Define your risk scoring needs for each PESTLE category—none, all (low, medium and high), medium and high or high only—to align with your internal company policy.
  3. Quickly generate RSS links to integrate risk monitoring findings into your preferred business systems.

This approach helps ensure that the scope of your monitoring fits your company’s specific needs so you can more quickly move from data to actionable insights.

Arrange a personalized demo of LexisNexis Entity Insight today.

 

Proactive supplier risk management

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