EY helps clients create long-term value for all stakeholders. Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate.
At EY, our purpose is building a better working world. The insights and services we provide help to create long-term value for clients, people and society, and to build trust in the capital markets.
Uncover risks associated with suppliers, and outline proactive and appropriate mitigating actions to achieve supplier visibility with EY Supplier Risk Intelligence, a turnkey solution.
Supply chains for most organizations have grown large and complex. Businesses are relying on third parties to stay competitive; suppliers are introducing increasingly significant risks across multiple domains, in an ever-changing risk landscape. As consumers apply additional pressures and regulators require improved supply chain governance, it’s critical that businesses have a clear view of the risks introduced by their suppliers.
Does your organization:
Prioritize proactive supplier risk management activities against an ever-expanding risk landscape?
Use external data to inform the right initiatives that can deliver the most commercial value?
Have a cost-effective approach to supplier visibility through your entire value chain?
Solution benefits
EY Supplier Risk Intelligence (SRI) provides the foundational insights to build a comprehensive overview of potential supplier risks, address compliance demands and, eventually, achieve commercial value. Our solutions help you to:
Gain new perspective into your supplier risk management approach.
Uncover hidden risks and vulnerabilities across multiple risk dimensions.
Access clear, actionable insights through entity-level next-best-action suggestions.
Use case
Introduction of new suppliers into the ecosystem due to expansion or acquisition requires tedious due diligence. SRI can help prioritize efforts based on segmentation and risk score ranking.
Solution features and functionality
EY Supplier Risk Intelligence combines our proprietary supplier risk management methodologies with a multitude of external data sources to provide a high-confidence, outside-in risk view of suppliers and deliver actionable insights across the supplier population.
Data-driven supplier segmentation that ranks and prioritizes the supplier population using risk information, service category and spend.
Hundreds of risk attribute sources from thousands of reputable data providers, including government agencies, non-government and academic organizations, news and events alerts and other commercial data feeds.
Access to over 340 million unique entities and AI-driven entity-matching capabilities.
A deep risk scan of up to 100 suppliers across six domains: Cybersecurity, Financial, Geopolitical, Catastrophic Risks, Environmental Social and Governance, and Restrictions.
Complex methodologies aggregate large amounts of information into discrete sets of easy-to-understand risk indicators across those six risk domains.
An in-depth view into over 40 risk subdomains across the six risk domains.
Advanced analyses with additional insights into the overall supplier risk management program across business units and service categories.
A point-in-time report to uncover any hidden supplier risks and vulnerabilities across multiple risk dimensions.
Clear, actionable outcomes around those risks.
Why EY
EY Supplier Risk Intelligence combines our frameworks and methodologies from years of deep third-party risk management (TPRM) experience. From skilled TPRM resources to industry-leading data and technologies, EY guides you through transformation in a way few organizations can match.
FAQs
Supplier legal entity name, website or URL, country of operations, total annual spend, service category and business unit.
Six domains composed of over 200 risk attributes. The primary domains are Finance Risk, Cyber Risk, Restrictions Risk (sanctions), Geopolitical Risk, Catastrophic Risk and ESG Risk.
Deliverables are produced within four weeks from the time the data is provided.
Utilizing technology, EY teams can help you make better-informed decisions faster about third parties. We examine risk from every angle and provide you with the insights you need to identify the partners that will create better long-term value for your business.
Discover how EY can help transform your business to navigate disruption with agility, stay competitive in the market and help generate long-term value.
Our exceptional Private client experience has been designed to combine our unique talent, technology and ecosystem to meet the needs of private companies. Learn more.
Risk Managed Services reimagines your risk function from defensive tool to strategic enabler, giving leaders the confidence to accelerate transformation.