Created with customer input, the industry’s most configurable platform manages supply chain risk and improves procurement processes and sustainability with robust, customizable analytics
Barcelona, June 17, 2019—Avetta, the leading provider of supply chain risk management that connects organizations with qualified and vetted suppliers, contractors and vendors, empowers corporate sustainability practices through its new technology platform Connect. Borne out of Avetta’s recognition that identifying, managing, contracting and verifying supply chain suppliers and contractors on paper, spreadsheets or home-grown systems is inefficient, Connect offers a state-of-the-art user experience, enabling clients to configure requirements, create and customize dashboards, modify processes, and produce reports that will reduce administrative costs, improve compliance and enhance sustainability for their supply chain operations. The new platform enables Avetta’s 450+ global clients and 85,000+ contractors and suppliers to connect anytime, anywhere in over 100 countries.
Avetta is a game-changer for procurement organizations, helping them gain real-time access to business intelligence that enables better business decisions and more efficient and sustainable workplaces. The platform supports unlimited connections between clients and suppliers and can be integrated through an API to client accounting, ERP and other systems quickly and easily. Avetta is committed to helping companies achieve sustainable business practices while empowering suppliers to meet expected social responsibility standards.
To meet and exceed sustainability standards in the supply chain, Avetta aggregates all relevant procurement information into one, cloud-based platform. By using Avetta’s Analytics, customers can build their own tables, charts, filters and groupings to create reports and dashboards for a high level of visibility into areas of concern, such as gap assessments, supplier evaluations and verification, and historical trends. This function is highly interactive, guiding users with leading and lagging indicators that allow them to determine how best to improve supplier performance and compliance. Customized reports can be easily created and set up as an ongoing subscription.
“Avetta’s advanced analytics not only improve visibility and control for current and future procurement issues, but also impact sustainability,” said John Herr, CEO of Avetta. “Clients can reduce risk, enhance sustainability compliance and grow their businesses through the use of Avetta’s advanced analytics. Avetta contributes to creating safer workplaces, ensuring that workers return home safely each night to their families.”
Co-innovation is a key part of Avetta’s technology development process. Working closely with clients and suppliers to create an evolving user interface (UI) has produced a well-organized platform that is easy-to-use, and saves time and aggravation for both sides of the supply chain risk management equation. The platform delivers the ability to make rapid changes in requirements and rules, and permits vendors to easily respond to their potential clients’ needs. The platform is highly compartmentalized so that a single change doesn’t impact other areas.
“The Avetta platform can be configured to serve any industry, tailored to a client’s specific needs,” said Kevin Berens, chief product officer of Avetta. “The platform supports 18 languages around the globe, and users are able to access their customized system from any device, at any time.”
Avetta helps companies worldwide improve their procurement processes through contractor management and prequalification with a highly configurable SaaS-based system. With Avetta’s procurement solution, a global biopharmaceutical company recognized annual operational savings of 50,000 EUR per facility, a wireless communications infrastructure provider saved 90,000 EUR and a worldwide building materials company achieved its sustainability, human rights and social responsibility goals.
Spend Matters has named Avetta one of its “50 Procurement Providers to Know.”
For more information about the Connect platform, click here.
Avetta leads the world in connecting leading global organizations across several industries including oil/gas, telecom, construction materials, facilities management and many others, with qualified and vetted suppliers, contractors and vendors. The company brings unmatched access and visibility to its client’s supply chain risk management process through its innovative and configurable technology, coupled with highly experienced human knowledge and insight. We contribute to the advancement of our clients’ sustainable growth by protecting supply chains from a wide range of potential risks through trusted contractor prequalification, safety training and monitoring, regulatory compliance, insurance/financial stability and other areas of risk. Avetta currently serves more than 450 enterprise companies and 85K suppliers across 100+ countries. Visit www.avetta.com for more information.
Mark Fredrickson, +1 801-806-0161
Scott Nelson, +1 801-850-3363