Summary
This document is a technical report that outlines the features and benefits of SmartRisk PRO, a component of The Smart Cube designed for continuous supplier risk management. It explains how the platform helps companies monitor, assess, and mitigate supplier risks in real-time, ensuring business continuity and compliance with sustainability goals. The report details the integration of AI and human intelligence, which empowers procurement teams to make strategic, data-driven decisions. It describes the challenges faced by a leading Aerospace & Defence company that relied on annual risk assessments, leading to vulnerabilities in risk visibility and mitigation. By utilizing SmartRisk PRO, the company achieved continuous assessment of various risks, including financial and operational. The report concludes with the outcomes of implementing SmartRisk PRO, highlighting improvements in risk management, compliance, and overall business value.
