It is that time of year where we all reflect on our past, learn from our past mistakes, and resolve to make improvements in the coming year. At C2 Labs, our New Year's resolution was to build better products that help companies improve their supply chain security and to minimize third party risk. While we can all agree that 2020 was awful for a lot of reasons, the thing that was keeping us up at night was the Solarwinds hack. It demonstrated just how vulnerable we are to supply chain and third party risks. While this threat is growing, most organizations don't have the tools and processes in place to actively mitigate this risk and we wanted to do our part to help.
To that end, we have now announced the general availability of our Supply Chain module within our Atlasity product. This module ships with an interactive and multi-dimensional dashboard that analyzes risk across many factors to paint a complete picture of third party risk. See screenshot of the dashboard below:
Factors analyzed include:
- Requirements - any non-compliances or failures to meet requirements during audits
- Issues - significant deficiencies in meeting the requirements of their contract
- Violations - leveraging our intelligent algorithms to search the web for violations and fines for each vendor
- Stock Price - factoring in changes in stock price for publicly traded companies
- Assessments - tracking whether audits are passing/failing for each vendor
- Risks - leveraging our threat-based risk modeling capabilities to analyze risks for each vendor/contract
The result is a composite risk score that helps organizations easily visualize, track, and manage their 3rd party risk for their vendors and supply chain. With rich analytics, workflow, and easy API integrations, it provides a complete solution for vendor risk management. Best of all, the basic tools are available in our Free Community Edition (CE) while more robust options are available for advanced risk modeling for our paid Enterprise Edition (EE) customers. This problem is important enough that everyone should have the best tools in place to help them pro-actively manage against this growing threat. By providing a range of tools, both free and paid, we hope to help both the largest and smallest organizations make meaningful improvements in their vendor management program and to protect themselves from the growing supply chain dangers we are all collectively facing.
Contact Us today to learn more about how C2 Labs can help you improve your supply chain security and vendor management. If you are ready to start reducing your vendor risks, schedule a free demo today to learn how you can join our Open BETA program to leverage Atlasity to free your organization from bureaucracy by simplifying compliance and risk. In addition to offering free tools, we have experienced cyber professionals who can assist you in performing supply chain audits and building out a robust program. With C2 Labs, our customers get software with a service to provide a concierge like experience for improving their supply chain security.