Outcome Driven Solutions

Optimize Third-Party
Risk Management Strategies

Safeguard Your Supply Chain: Unlock Resiliency and Regulatory Compliance

Provide your organization with real-time visibility and proactive risk management to swiftly identify potential disruptions and respond agilely to changing demands. Maintain a resilient, customer-focused supply chain that ensures continuity and secures your supplier network.

Prepare for the unexpected with contingency plans that involve alternative suppliers and backup strategies. This approach minimizes downtime and maintains service levels even during disruptions.

Implement proactive measures that safeguard your supply chain from potential breakdowns. Risk assessments and preventive actions ensure your supply chain stays robust and reliable.

Improve the accuracy and depth of risk assessments across your supplier network. You build a supply chain that confidently withstands pressures by identifying and mitigating risks early.

Identify and address potential risks with real-time insights into your supply chain. Visibility across the network ensures proactive risk management and preparedness for disruptions.

Equip your supply chain with the flexibility to pivot in response to changing conditions. Whether it’s demand surges or supply disruptions, agile strategies keep your operations resilient.

Maintain customer trust and satisfaction by ensuring reliable product availability. With a resilient supply chain, you can consistently meet demand, even during disruptions.

Expanding supplier risk assessments by 35% can reduce disruptions by 25%, saving up to $1 million annually in avoided financial and operational losses.
Reducing regulatory compliance violations by 20% can prevent fines, saving the company up to $1 million annually while safeguarding its reputation.

Enhance your defenses by addressing vulnerabilities in your supply chain and ensuring compliance with ServiceNow’s Third-Party Risk Management (TPRM). By automating risk assessments, facilitating secure communication with third parties, and continuously monitoring supplier risks, you can protect your operational integrity while maintaining strong relationships with suppliers. Centralize your risk management efforts to proactively mitigate risks, improve compliance, and safeguard your organization.

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"ODS really understood the challenges with SCRM (Supply Chain Risk Management)

They used ServiceNow’s TPRM to help us streamline risk assessments and reduce our supply-chain risk."

Daniel M, Supply Chain Director

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Frequently Asked Questions

Assuming other phases were implemented by ODS, the base price for implementing this phase is $85K-$100K

The implementation of this phase includes

  • Installation of ServiceNow Third Party Risk Management (TPRM) module
  • Workshops to design and document groups/teams & roles
  • TPRM workflows & approvals
  • Create, configure, and load TPRM risk assessment questionnaires
  • Integrations with third-party risk intelligence providers
  • Configuring rules & workflow automations
  • Configuring third-party portal
  • User Acceptance Testing
  • Training, go-live, and hypercare.

For this phase, we recommend integrations with third-party risk intelligence providers.
The cost for each third party integration is $10,000

The implementation process usually takes between 3 to 6 months. The duration depends on the complexity of your environment, the speed at which decisions are made, and the efficiency of information provision.

Our ServiceNow solutions are designed to deliver rapid results. We’ll work closely with you to set realistic timelines and milestones, ensuring you see tangible improvements as soon as possible. While some benefits, such as improved visibility and reduced manual effort, can be seen almost immediately after implementation, others, like cost savings and operational efficiency, become more apparent within a few weeks to months.

We offer ongoing support, including training, system updates, and optimization services to adapt to your evolving needs.

TESTIMONIALS

What Clients Say About Us

  • 200% Return on Investment
Disconnected visibility prevented us from taking advantage of volume purchase opportunities. Our team was also wasting 20% of their time on unfunded requests. On top of that, we were paying maintenance on retired infrastructure. We identified savings in the first 12 months that provided us with over 200% Return on Investment!
  • Reduced Efforts by 80%
We no longer blindly overspend our budgets because we have current information at our fingertips; we know what was approved, what has been committed, and our actual spend. After having the solution in place, our tracking efforts have been reduced by over 80%. In total, we've recovered the equivalent of 3 FTEs.
  • Doubled Team Productivity
We have a self-service portal so our consumers can view current status on-demand and make requests with real-time updates.
The level of trust between IT and the rest of the University increased overnight. Doubling the productivity of our teams while making our consumers happier made this a no-brainer.

How can we help?

Outcome Driven Solutions (ODS) is your trusted guide to unlocking tangible value from ServiceNow Source-to-Pay.

Our tailored strategies and enhancements ensure that each phase of your Source-to-Pay journey delivers measurable results.

Please use the form to the right to let us know how we can help.