g GRMS Difference
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About Us

GRMS | Global Risk Management Solutions is the recognized leader in providing global enterprise-wide supplier risk assessment programs of suppliers, contractors and service providers in over 120 countries.

Service vs. Data Source

The primary difference between GRMS and data only providers like D&B, Thompson Reuters, etc. is that GRMS is not a “data source or searchable database” but rather we are a “technology driven service company”.

Data source companies provide inexpensive raw data which has not been adjudicated (meaning verified) and they do not validate documents. GRMS’ services include the adjudication of data, physical review of documents and a support system that assists suppliers to compliance with their client’s risk assessment requirements.

The Veritas Platform

GRMS’ proprietary technology platform is aptly named Veritas as it verifies the “truth” for conducting business. Veritas provides a simple UI/UX design that allows clients to easily monitor and report the overall risk ratings of all of their suppliers in real time and managed in one secure location.

One of the unique features of Veritas is that it allows many individual risk components to be continuously monitored. Client users are alerted to any changes in the risk rating for these components. Suppliers are also provided a Veritas supplier portal which allows them to easily update information, submit documents and manage their compliance.

Veritas includes JSON APIs that allows it to integrate with most supplier management platforms.

GRMS' Risk Modules

GRMS has created eight primary modules that are comprised of a subset of risk components targeting key areas of supplier risk. Each client can select the modules and/or components which best meets their needs based on factors such as geography, risk and spend.

Regulatory
Compliance
Financial
Stability
Insurance
Management
Document
Management


Reputational
Protection
Social
Responsibility
Health
and Safety
Cyber
Security

Pricing Options

GRMS’ Supplier Risk Assessment Programs can be supplier funded (no cost to client), client funded or a combination of client funded (Strategic Suppliers) and supplier funded (Non-strategic Suppliers). The choice is up to the client.

Team Members

The GRMS team of professionals are committed to ensuring each client’s program is fully supported for maximum efficiency. Our implementation team works with each client’s program to ensure a smooth onboarding of the program with minimal use of a client’s personnel time. Our researchers and call centers are also available to provide support to assist clients as well as their suppliers.

Summary

GRMS’s propriety Veritas platform has changed how companies can manage supplier risk. Our technology driven serviced based programs are different than any others as they offer companies the ability to proactively manage operational risks by monitoring suppliers with real time alerts using adjudicated data. GRMS can provide this essential outsourced solution that reduces time and compliance costs for companies worldwide.

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