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Contingent AI Review

2

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Excellent

Revainrating 5 out of 5  
Rating 
5.0
Governance, Risk and Compliance, Third Party and Supplier Risk Management

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Description of Contingent AI

Contingent AI is an AI powered supplier monitoring platform for procurement, compliance and operational resilience leaders. Contingent AI helps organisations proactively predict, assess and monitor third-party and supplier risk. Take the operational resilience of your supply chain to the next level with Contingent intelligence. This is how we can help across the organization: ***Operational resilience and risk teams*** - Achieve complete visibility of your supply chain and obtain an overview of your 3rd party relationships - Seamlessly search across millions of companies for verified and compliant ownership, financial data, certifications and much more. - Manage and predict risks with our monitoring and real-time alerts. Select tolerance criteria, disruption events and metrics that are crucial to your operational resilience. - Optimize your supply chain risk management processes and automate manual tasks, freeing up your team's time to focus on their core responsibilities ***Compliance teams*** - Conduct due diligence quickly without sacrificing quality - Comply with Sanctions, AML, Anti-Bribery and Corruption and Modern Slavery regulations around the world - Understand beneficial ownership and control, screen against sanctions, global watchlists, PEPs, news and internal proprietary watchlists - We'll automatically alert you to potential compliance risks related to your supply chain, while also putting an end to false positives ***Procurement teams*** - Streamline the onboarding due diligence process - put an end to lengthy questionnaires, back to back emails and long supplier onboarding - Data from millions of suppliers are at your fingertips- empowering you to search, assess and verify supplier risk data from one platform in an instant - We automate risk monitoring 24/7/365 and send custom alerts for your critical requirements providing you with peace of mind

Reviews

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Type of review

Revainrating 5 out of 5

Easy way for managing supplier/vendor relationship

The best part of this software system is that it helps to reduce manual efforts by providing all required information in one place which makes life easy when we have multiple suppliers or vendors who are doing business with us at any point time. There could be some minor issues like sometimes I don't get my notifications as per expected but overall its good product otherwise nothing much! For sure you should try out this tool because there will not find anything wrong about them. We can easily…

Pros
  • This reduces lot off effort while tracking every single thing related to quotations & order processing process.
Cons
  • Some difficulties

Revainrating 5 out of 5

Great Insights + Support = Happy Customer

I like how they've been able to create something that will fit my business needs very well! They took what we did not know about our current processes & made it easier for us. The support team has always helped in any way possible when needed with no hesitation at all. If you're looking into improving operations or HR practices then this solution can provide great insights which may have eluded your organization otherwise. We are using them to improve customer onboarding by better…

Pros
  • In depth analysis
  • Support staff available 24x7 (great response times)
  • Easy integration / customization options within SAP SCM system
  • Flexibility, scalability across multiple locations
Cons
  • Minor Issues