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Use Risk Radar to anticipate and act upon financial and reputational risk
Whenever you work with a supplier or subcontractor, you could be exposing your business to additional risk. If they don’t carry out the work you require from them in a timely, safe and compliant manner, then your organisation could be liable. This can present particular risks when it comes to hard facilities management.
At Facilitiesline, we know how difficult it can be for facilities management teams to manage risk in their supply chain. You must keep a close eye on even your longest-standing suppliers, because their compliance could lapse at any time, putting your business at risk. That’s why more FM teams are joining Facilitiesline, as we make it easier to manage – and where necessary, source – high quality, compliant suppliers for your organisation’s hard and soft facilities management services.
Facilitiesline includes many useful features, such as:
Track Risk
Track subcontractor risk and progress in projects and identify issues before they cause disruption.
Segment Data
Easily segment your subcontractors and suppliers to enable project-based risk management.
Set Up Permissions
Set up tailored permissions to enable access to data across multiple business functions.
AI Assisted
Harness the power of AI to create a visualised risk trend analysis or benchmark supplier financial health.
Subcontractor Data
Easily access accurate data on subcontractors that is not available anywhere else.
Access to unique, enriched, comprehensive data
Data from HDE, ICO, EA and employment tribunals are triangulated with Constructionline’s data to deliver unique insights to assess risk.
Risk Radar is the only tool of its type that uses AI to combine and contextualise proprietary data with data from publicly available sources.
Embedded visualisation tools enable users to draw out insights in a way that is useful and relevant – answering specific queries and leaving nothing to chance.
The result is a more comprehensive view of suppliers and subcontractors than ever before – meaning financial and reputational risks can be identified and resolved before they cause disruption or delay.
Risk Radar has been created to provide procurement professionals with unparalleled insight into the risk profile of the suppliers and subcontractors that make up their supply chain. It uses data from numerous sources – some of which are not publicly available – to deliver unique insights to buyers. To protect you from risk, our partnership with Company Watch allows us to overlay our industry-specific data sets with Company Watch’s financial risk data models and the information held in its Aphrodite director matching tool, to provide a unique, up-to-date position.
Risk Radar also allows you to set up notifications for supplier status changes or risk-related events to enable proactive exception management.
These plans are fully compatible with Risk Radar – meaning you will be able to quickly and easily access enhanced data through our integrated and intuitive Constructionline platform.
Bring best practice to your procurement and supply chain management processes by upgrading your account to a Connect or Manage plan to take advantage of our Risk Radar tool.
If you would like to learn more about how we can help you streamline and optimise your supply chain management and risk control processes, talk to us about joining Constructionline.
To get more information on Risk Radar, please complete the form on the right, and we will get back to you as soon as possible.
Find out how being a Facilitesliesline Buyer can help you and your business when it comes to managing your supply chain.
More FM teams are joining Facilitiesline, as we make it easier to manage – and where necessary, source – high quality, compliant suppliers for your organisation’s hard and soft facilities management services.
Built by the industry, for the industry, an easy way to manage supply chain risk.
