Top Rated Supply Wisdom Alternatives
SupplyWisdom is a truly next-generation third party risk management solution. While the market is quickly becoming saturated with risk intelligence providers and risk quantification services, SupplyWisdom's early-mover advantage is clear when you compare the market offerings. A solid, full spectrum risk domain coverage coupled with strong UX/UI and a team that wants to be seen as an extension of your own TPRM operation combine to make a solution that can add value in a turn-key, greenfield solution or in a heavily-customized, mature enterprise environment. Review collected by and hosted on G2.com.
Given the state of AI language model technology, the full value proposition that SupplyWisdom will be able to deliver in the future is not here yet. While the team continues to innovate and implement new enhancements, this is a product that is growing and morphing in response to a dynamically changing use case and threat environment in the TPRM space. Be prepared to collaborate and engage to be successful in implementation. TPRM-focused resources are vital to being successful in implementing SupplyWisdom to the fullest potential. Review collected by and hosted on G2.com.
16 out of 17 Total Reviews for Supply Wisdom
Overall Review Sentiment for Supply Wisdom
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Supply Wisdom provides a lot of information about each company, from a high level overview to detailed alerts. There are many easy to read charts to summarize the data for each vendor or a grouping of vendors. It also provides guidance on things to consider when doing business with each company. The insight is very helpful in assessing the risks each vendor poses to our company. We are in the early stages of implementation and still trying to figure out what information will be most useful to our company since there is so much data available. Review collected by and hosted on G2.com.
The way Supply Wisdom grouped our vendors during the implementation phase is confusing to our users and doesn't allow us to see the complete vendor portfolio in one glance. When addressed with SupplyWisdom, we were told this was how it needed to be implemented based on the way our licensing is structured. It would have been nice if we could have understood this upfront and been able to develop an alternate method or naming convention.
Another issue we have run into is the development team is in india which causes a day or more delay for us to get support on some issues. Review collected by and hosted on G2.com.
Supply Wisdom is a powerful third party monitoring tool with a significant number of risk domains and deep depth of quality of data. I like the interface, the reporting, and the information provided on each monitored third party. The location monitoring service is a great value add. I like the alerts and most importantly, everything is cited with a source. Furthermore, their risk mitigation guidance is helpful. The tool is easy to use. The customer service team is great and the implemetnation was smooth and easy! Review collected by and hosted on G2.com.
I wish I could search for ad hoc suppliers from Supply Wisdom's entire database. Review collected by and hosted on G2.com.
The concept of receiving alerts by established domain's & event types with accompanying source articles is helpful. Review collected by and hosted on G2.com.
1. The Dashboard & UI is not intuitive from a User Experience perspective.
2. The Source Articles that are associated with Alerts in the future may become broken or not found.
3. The Alerts that appear in Location Alerts are duplicated to Third-Party Alerts regardless if that Target is monitored.
4. At times, when changes or updates are made by Supply Wisdom, there are defects or unintended downstream impacts to Alerts not being received via email or Reports that are not accessible to the users in the Platform.
5. When editing Labels, its far to easy to accidently delete the entire Category and should have safeguards for confirming such an action. Review collected by and hosted on G2.com.
The platform and ease of use. You can monitor key targets easily. Review collected by and hosted on G2.com.
An amazing thing about Supply Wisdom is the amount information you get. With this comes email notifications which can be difficult to keep on top of. However, we have migrated to continuous monitoring and it removes this burden. Review collected by and hosted on G2.com.
What I like most about Supply Wisdom is there daily alerts and Critical Alerts. I use these alerts to proactively reach out to my Vendors to confirm they are not impacted. I also share it with my Business Partners for their awareness. They are always available and requests get completed timely and accurately. The Set Up process was very easy and quick. Review collected by and hosted on G2.com.
I have no had any issues with Supply Wisdom, so I don't have anything to list I dislike. Review collected by and hosted on G2.com.
I find that Supply Wisdom is easy to navigate as a tool and provides valuable alerts and insights into the companies you wish to monitor and track. The ability to configure the alerts you wish to receive is a great functionality as it enables you to customise to your requirements. Review collected by and hosted on G2.com.
I feel as though the dashboard visuals could be enhanced Review collected by and hosted on G2.com.
Provides a holistic risk view of a geographic location to help make better risk decisions regarding the locations where operations may be deployed Review collected by and hosted on G2.com.
- Thesummary and rating information is sometimes lacking for various countries.
- Various countries are not tracked (Greenland, Israel, etc.)
- Tagging is limited to one tag without the ability to sort by more than 1 item Review collected by and hosted on G2.com.
Simple, easy to use. Great support and friendly staff. Good publicly sourced and curated information. Ease to get started. Easy licensing and support etc. Review collected by and hosted on G2.com.
Interface could be designed better to analyze and extract data Review collected by and hosted on G2.com.
As a financial institution, we have been relying on Supply Wisdom for our third-party risk management monitoring needs. Their platform delivers continuous third-party and location risk intelligence in near real-time, covering a wide range of risks. We no longer need to manually search the web for events that might impact our relationships. With access to over 350+ risk metrics, we receive reports on selected third parties or locations. This insight helps us make informed decisions and mitigate risks effectively. Supply Wisdom has worked closely with us to explore proof of concept scenarios, tailoring their solutions to our specific needs. Review collected by and hosted on G2.com.
There is nothing to dislike about this product. Review collected by and hosted on G2.com.
We use supply wisdom's methodlogy and risk domain score mapping for our vendor scorecard and continious monitoring process. With ability to quickly format and export data it makes updating our scorecards very robust and efficient. Review collected by and hosted on G2.com.
I would like to see how other customers are using this suite of products and services to better evaulate and mitigate risk challenges in this ever changing environment. Review collected by and hosted on G2.com.
