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What is GRMS?

By leveraging an advanced technology platform, GRMS offers a specialized risk assessment service that provides customized Supplier Risk Assessment Programs. This empowers organizations to adopt a proactive approach to supplier management and maintain ongoing oversight of their vendors. In contrast to data-centric providers like D&B and Thomson Reuters, which only deliver unprocessed information, GRMS sets itself apart by offering extensive services such as data validation, meticulous document examinations, and a supportive structure that helps suppliers align with the specific risk assessment standards established by their clients. With operations in more than 120 countries, GRMS's Supplier Risk Assessment Programs can be accessed through a Software as a Service (SaaS) model or seamlessly integrated into leading Supplier Management Platforms. Their risk assessment solutions cover numerous critical areas, including Financial Stability, Cyber Security, Digital Insurance Verification, Document Validation, Reputational Protection, Social Responsibility, Regulatory Compliance, and Health and Safety. Additionally, GRMS’s methodology not only focuses on identifying risks but also promotes a culture of compliance throughout the supply chain, ensuring that organizations are well-equipped to navigate complex regulatory landscapes and enhance their overall operational integrity. Ultimately, this comprehensive approach positions GRMS as a leader in supplier risk management.

What is ArayaPRO?

ArayaPRO supports organizations in fostering reliable relationships with their suppliers throughout the entire journey, from the onboarding stage to the payment phase. Specifically designed for finance, procurement, and risk management departments, it integrates supplier data, verification processes, and oversight into a unified platform. Teams can verify business and banking details, collect essential documents, and identify any discrepancies or gaps in information. Ongoing monitoring detects changes that might affect supplier-related risks, while in-depth reporting and audit trails promote informed decision-making and accountability. Before any funds are disbursed, ArayaPRO meticulously cross-checks payment details against supplier data, highlighting any inconsistencies or increased risks requiring further investigation. Teams can easily upload payment files or take advantage of the integrated Xero connection, improving verification processes within their ongoing financial operations. By reducing fragmented manual checks, ArayaPRO not only assists in managing supplier compliance but also minimizes the risk of fraud and errors, thereby strengthening payment controls as organizations scale. This holistic approach to supplier management ensures that organizations uphold high levels of operational efficiency and effectively mitigate risks as they continue to grow. Additionally, it empowers teams to make prompt adjustments in their supplier interactions based on real-time insights, further enhancing their strategic decision-making capabilities.

Media

Media

Integrations Supported

Integrations Supported

Xero

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

$89/month
The entry plan is $89 per month for up to 20 managed suppliers. Annual billing includes two months free. Higher monthly tiers are $199 for up to 50 managed suppliers and $339 for up to 100.
Free Trial Offered?

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training

Training Options

Documentation Hub
On-Site Training

Company Facts

Organization Name

GRMS | Global Risk Management Solutions

Date Founded

2010

Company Location

United States

Company Website

www.GlobalRMS.com

Company Facts

Organization Name

ArayaPRO

Date Founded

2024

Company Location

Australia

Company Website

www.arayapro.com

Categories and Features

Categories and Features

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