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What is Risk Ledger?

Clients are equipped with all the necessary resources to implement a comprehensive, cyber-security-focused third-party risk management strategy across their entire supply chain. Engaging third parties is quick, effortless, cost-free, and straightforward, enabling clients to enhance their risk management capabilities. Our innovative secure network model empowers each organization to effectively manage their third-party risk programs while addressing client risk assessments, fostering trust between the entities involved on the platform. Those utilizing the Risk Ledger platform for their third-party risk management initiatives can experience a range of advantages, including: - Ongoing surveillance of the supply chain to ensure risk controls are enacted - Enhanced visibility extending to fourth, fifth, and sixth parties - Streamlined procurement processes, potentially shortening cycles by up to 80% - Greater levels of engagement from suppliers - Minimal costs incurred per supplier, making the approach economically viable. As a result, organizations not only strengthen their risk management practices but also build more resilient relationships within their supply chains.

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

Not specified

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Not specified

Training Options

Documentation Hub
On-Site Training

Company Facts

Organization Name

Risk Ledger

Date Founded

2017

Company Location

United Kingdom

Company Website

riskledger.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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