Modevity, LLC, a leading Commercial Intelligence company established in 2004 specializing in Investigative Due Diligence Research and Vendor Risk Management (VRM) Services, announced today that the company signed a three-year contract to support a US based Insurance client to outsource their Third-Party Vendor Risk Management program.
Modevity Vendor Risk Management Services supports client organizations in protecting their company's financial position, operations, and reputation in the US and internationally.
“The supply chain is the life blood of most companies. Dealing with a problematic vendor, or any company associated with an individual on the US and Global Sanctions list can create a major source of reputational and compliance risk and financial exposure for a company,” stated Tom J. Canova, Co-Founder, CMO at Modevity.
“Modevity Vendor Risk Management Services provide actionable intelligence for risk avoidance in detailed risk rating reports that assist companies in assessing their supply chain vendors,” stated Tom J. Canova, Co-Founder, CMO at Modevity.
“The Modevity team of veteran investigator analysts can provide timely and actionable intelligence on an entire supply chain, allowing clients to make more informed decisions about overall operational quality and effectiveness of vendor and supplier relationships,” Mr. Canova continued.
Modevity VRM as a Service supports organizations by mitigating varied company and regulatory risks and utilizes powerful database technology, AI, and open-source tools to provide real-time reports for the identification of risks when conducting business with vendors across varied departments or operations.
Modevity provides clients with vendor background vetting, assessment questionnaire automation, continuous monitoring, and vendor risk reporting services.
— WebWireID281745 —