Data Science

Supply Wisdom announces the latest version of Exuma

Leader in third-party risk intelligence to automate risk actions and transform disruption prevention efforts

Supply Wisdom, the leader in continuous risk intelligence and actions, today announced the latest version of its award-winning solution, Exuma, which leverages its real-time risk intelligence to automate risk actions.

“With today’s dynamic risk environment, companies are struggling to stay ahead of supply chain disruptions,” said Atul Vashistha, founder and chairman of Supply Wisdom. “We are thrilled to bring Exuma’s never-before-seen automation capabilities to the market. While our clients are already experiencing great results with the previous version of Supply Wisdom’s solution, such as 3x greater process efficiency with 10x ROI, we are confident that the new automation features in Exuma will transform risk management team productivity, process efficiency, and disruption prevention. With Exuma, companies can now automate their entire risk management lifecycle from risk identification to risk decision and action.”

Founded by experts in global sourcing and supplier management, Supply Wisdom understands how the dynamic risk environment puts inordinate pressure on teams to both identify the endless unknowns and proactively mitigate risks. Exuma is built on Supply Wisdom’s award-winning continuous monitoring and real-time risk intelligence solution, which covers more risk domains than any other solution. The latest update includes customizable workflows configured to clients’ risk thresholds to trigger automated actions.

“This advancement in risk management automation is a ‘game changer’ for procurement and risk teams. Using data science applied to continuous risk management through automation frees up administrators to apply more resources to active risk management and less to administration,” said Jim Routh, former chief security officer of Aetna CVS and MassMutual and Supply Wisdom board member.

With the release of Exuma, Supply Wisdom has added exciting new features that enable significant improvements in risk management process efficiency, supply chain resiliency, and disruption prevention efforts, including:

  • Automated Risk Decision and Action Workflows with best practice-based and configurable workflows, user-selected threshold triggers set to risk metrics, ratings, and/or alerts, and pre-built integrations with major GRC/TPRM and communication platforms.
  • Enhanced Dashboards with advanced UI/UX tailored to the needs of individual personas, including risk managers, analysts, executives, and administrators.
  • Interactive Analytics with enhanced data visualization, data mining capabilities, and KRI (Key Risk Indicator) monitoring.

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