About Risk Ledger
Risk Ledger is a supply chain security platform from Risk Ledger that enables organizations to effectively manage risks across their supply chains. It provides real-time visibility, collaborative risk assessment, and incident reporting so organizations can strengthen their security posture. The platform allows users to connect with suppliers, visualize risk data, and protect their supply chains with comprehensive insights. These capabilities help organizations make informed decisions regarding third-party risk management and improve overall supply chain resilience. Key capabilities: real-time risk visualization collaborative assessment tools incident management system supplier connectivity detailed reporting Best for: organizations that need to manage and secure their supply chains effectively.
Risk Ledger by Risk Ledger is a modern, collaborative risk management platform specifically designed to tackle the growing complexity of **third-party risk** in today’s digitally connected world. Unlike traditional risk tools that rely heavily on manual processes and spreadsheets, Risk Ledger introduces a **secure, social-network-like platform** that enables organizations to assess, monitor, and manage the security posture of their supply chains in real time. Its primary purpose is to simplify supplier assurance and streamline compliance, making it an ideal choice for businesses that manage multiple vendors and want to reduce the burden of repetitive risk assessments. Core features include **shared risk profiles, continuous monitoring, automated evidence collection**, and **compliance reporting** against popular standards like ISO 27001, NIST, and Cyber Essentials. The interface of Risk Ledger is one of its standout features. Designed with a modern UX philosophy, the platform presents a **clean, intuitive dashboard** that simplifies risk data visualization and navigation. Users can quickly view their organization’s risk exposure, pending tasks, and compliance levels via easy-to-understand widgets and summary reports.
Pros & Cons
- +Offers a dynamic, real-time visualization of the entire supply chain, including nth-tier vendors, allowing for comprehensive risk identification.
- +Significantly reduces manual effort and time spent on supplier assessments through automation, a vast existing network, and continuous monitoring.
- +Provides early warnings and insights into emerging threats, enabling organizations to respond swiftly and protect their supply chain.
- +Facilitates seamless communication and collaboration between clients and suppliers on a single platform, streamlining remediation efforts.
- +Consolidates all third-party risk information, eliminating the need for scattered spreadsheets and improving data management.
- −While it streamlines ongoing assessments, there is an initial effort required for suppliers to complete their comprehensive profiles.
- −As a comprehensive platform with many features, it might initially seem daunting to new users, requiring some time for familiarization.
- −As a specialized software solution, there is an associated cost for its services.
- −The effectiveness of the network model is dependent on active supplier engagement and their commitment to updating profiles.
Features
Key features
- Comprehensive Supply Chain Visualization with Concentration Risk Identification
- Risk Ledger provides a real-time, dynamic visual representation of your entire supply chain, including primary and nth-tier vendors. This allows for quick identification and understanding of concentration risks and interdependencies, helping to proactively manage potential weaknesses.
- Instant Access to a Vast Supplier Network
- The platform offers immediate access to thousands of engaged suppliers with up-to-date security information. This significantly reduces the time and resources needed for manual data collection and verification, streamlining supplier assessment and onboarding.
- Continuously Updated Risk Assessment Framework
- Risk Ledger's supplier assessment framework is regularly updated to align with evolving cybersecurity threats and industry regulations. This ensures that risk management practices remain current, helping organizations maintain compliance and reduce vulnerabilities.
- Proactive Emerging Threat Management
- The software provides updates on emerging threats, their potential impact, and whether your supply chain has been affected. This feature enables swift responses to new threats, protecting the supply chain from cascading risks and ensuring continuous security.
- Active Network for Supplier Collaboration
- Risk Ledger connects your entire supply chain into an active network, facilitating collaboration and direct communication with suppliers for remediation and security updates. This shared platform streamlines information exchange and improves overall efficiency in risk mitigation.
- Continuous Monitoring
- Unlike point-in-time assessments, Risk Ledger actively monitors the supply chain for security updates and notifications on an ongoing basis. This provides real-time insights into the security posture of suppliers, allowing for proactive identification and mitigation of risks.
Additional features
- Instant Access to a Vast Supplier Network
- (As described in Key Features)
- Continuously Updated Risk Assessment Framework
- (As described in Key Features)
- Proactive Emerging Threat Management
- (As described in Key Features)
- Engage Suppliers
- Access Risk Ledger's existing supplier base and onboard new suppliers onto the platform.
- Review and Remediate
- Allows users to review supplier assessments against policies and request remediation actions from suppliers.
- Visualise Risk Concentration
- Provides tools to visualize the entire supply chain and identify areas where risks are concentrated.
- Report and Monitor
- Enables reporting on compliance, activity, and performance across the supply chain.
- Continuous Monitoring
- Actively monitors the supply chain for ongoing security updates and notifications.
- Supplier-Owned Profiles
- Suppliers maintain a single, up-to-date security profile that they can share with multiple clients, reducing redundant assessments.
- Centralized Risk Information
- Consolidates all risk information in one place for easier identification, assessment, and management.
- Automated Notifications
- Automatically sends notifications and reminders to suppliers for assessment completion and updates.
- Compliance Scoring
- Calculates compliance scores for each supplier based on assessment responses and configured policies.
- Configurable Policies
- Allows organizations to customize risk assessment policies to align with their specific needs and internal policies.
- Direct Supplier Discussions
- Facilitates direct communication with suppliers regarding non-compliance and allows for evidence upload.
- API Capability
- Offers API functionality for receiving data from the platform.
- Customer Support
- Provides support through various channels, including a knowledge base and direct customer support.
Pricing
Countries & Languages
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About Risk Ledger
Risk Ledger is a supply chain security platform from Risk Ledger that enables organizations to effectively manage risks across their supply chains. It provides real-time visibility, collaborative risk assessment, and incident reporting so organizations can strengthen their security posture. The platform allows users to connect with suppliers, visualize risk data, and protect their supply chains with comprehensive insights. These capabilities help organizations make informed decisions regarding third-party risk management and improve overall supply chain resilience. Key capabilities: real-time risk visualization collaborative assessment tools incident management system supplier connectivity detailed reporting Best for: organizations that need to manage and secure their supply chains effectively.
Risk Ledger Details
Risk Ledger's In-App Market Place
Does Risk Ledger have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
1
Mini Apps
N/A
Pricing Options
Accepted Payment Currencies
USD ($), EUR (€), GBP (£), AUD (A$), CAD (C$), JPY (¥), CNY (¥), INR (₹), RUB (₽), MXN (Mex$), BRL (R$), ZAR (R), CHF (Fr), SGD (S$), NZD (NZ$), HKD (HK$)
Pros & Cons
- Offers a dynamic, real-time visualization of the entire supply chain, including nth-tier vendors, allowing for comprehensive risk identification.
- Significantly reduces manual effort and time spent on supplier assessments through automation, a vast existing network, and continuous monitoring.
- Provides early warnings and insights into emerging threats, enabling organizations to respond swiftly and protect their supply chain.
- Facilitates seamless communication and collaboration between clients and suppliers on a single platform, streamlining remediation efforts.
- Consolidates all third-party risk information, eliminating the need for scattered spreadsheets and improving data management.
- While it streamlines ongoing assessments, there is an initial effort required for suppliers to complete their comprehensive profiles.
- As a comprehensive platform with many features, it might initially seem daunting to new users, requiring some time for familiarization.
- As a specialized software solution, there is an associated cost for its services.
- The effectiveness of the network model is dependent on active supplier engagement and their commitment to updating profiles.
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