The ability to quickly see what risks each of our critical supplies poses is invaluable. Getting responses about emerging threats and how our main suppliers are dealing with issues is also great.
Supply Chain Management is a key element of Home Office and Government frameworks and RIsk Ledger is really a game changer for us.
I like the idea in the way I like the idea of CHAS, Achilles, etc. The idea to make it easier to work with clients and not be required to go through all of their checks.
Risk Ledger has helped us move away from time-consuming, manual risk assessments and supplier due diligence. We recently onboarded with Risk Ledger and we're already seeing the benefits.
The onboarding experience has been first class. Regular one-to-one sessions with our Account Manager has got us up and running in no time. The system is very intuitive and easy to use anyway, but the training provided has allowed us to hit the ground running.
It's very easy to add a new supplier to the platform. A lot of suppliers already have a Risk Ledger profile, which dramatically reduces the time it takes to obtain a completed risk assessment. This network model is definitely a big plus point. For a new supplier who hasn't already completed a Risk Ledger profile, adding them to the platform is as simple as filling in a few details, and the system takes care of the required communications. The supplier receives a link to the online assessment, and we receive regular updates to let us know when they have completed it. We are then able to see how compliant they are with the various policies set up. Any non-compliances are highlighted, and risks can be opened and remediation requested from the supplier with the click of a button.
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What is Risk Ledger?
Traditional risk assessment processes are a paper shield against cyber attacks. Risk Ledger removes the burden of inefficient, ineffective admin, so organisations can do more of what matters.
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