Avetta Empowers Customers to Strengthen Supply Chain Resilience Amid Economic Uncertainty with Enhanced Risk Intelligence

New innovations within the Avetta platform deliver clearer insights and faster decision-making to help companies better navigate macroeconomic pressures

LEHI, Utah & HOUSTON--(BUSINESS WIRE)--Avetta®, the leading provider of supply chain risk management (SCRM) software, today announced major advancements to the Business Risk solution and Sanctions and Adverse Media solution within its AI-powered Avetta One platform. The enhancements help clients respond more effectively to today’s economic volatility by providing clearer, more actionable insights into supplier and contractor risk.

Organizations are under increasing pressure to reduce costs, maintain efficient supply chains and modernize procurement operations all while navigating inflation, labor shortages and geopolitical disruptions. In fact, recent data from The Hackett Group shows that procurement leaders rank improving spend reduction, ensuring supply chain continuity and combating inflationary price increases among their top priorities.

The refined solutions announced today directly address these challenges and priorities by improving visibility into supplier and contractor vulnerabilities—such as financial instability, regulatory compliance gaps and reputational risks—and enabling faster, more confident decision-making.

“Economic uncertainty is no longer a temporary condition—it’s the new normal,” said Dawn Andre, Chief Product Officer at Avetta. “Our enhanced Business Risk solution and Sanctions and Adverse Media solution give clients the clear and accurate intelligence they need to act decisively amid shifting market conditions and operational complexity. By surfacing meaningful insights and eliminating blind spots through innovative design and powerful data, we continue to help our customers gain the clarity, speed and confidence to not just respond to disruption, but anticipate it and turn it into opportunity.”

Business Risk

Avetta’s Business Risk solution provides clients with a comprehensive view of supplier and contractor financial health, operational stability and compliance posture. It aggregates and analyzes data across these key risk indicators and provides risk scores for individual suppliers and contractors. By uniquely allowing procurement, legal and compliance teams to integrate their workflows, it dramatically improves efficiency—enabling teams to enforce compliance policies from directly within the platform—and eliminates hidden risks.

With the latest developments, the solution now reveals critical scoring trends to illustrate the direction a specific score is moving, along with contextual explanations that clarify what a score means and how it compares to industry benchmarks. This helps clients better interpret changes and make faster, more informed decisions without needing to consult external documentation or analysis.

Sanctions and Adverse Media

The Sanctions and Adverse Media solution helps clients identify potential regulatory and reputational risks among their suppliers and contractors. It scans global databases, government lists and news sources to detect potential issues.

Going beyond exact name matches, the solution now surfaces multiple relevant reports—including near matches, related entities and location-based data—giving clients a more comprehensive view of potential risks. This expanded visibility helps ensure that critical issues are not overlooked, and that clients can triage risks more effectively and prioritize follow-up actions with greater confidence.

To learn more, visit www.avetta.com.

About Avetta

The Avetta SaaS platform helps clients manage supply chain risk and their suppliers become more qualified for jobs. For hiring clients, we offer the world’s largest supply chain risk management network to manage supplier safety, sustainability, worker competency and performance. We perform contractor prequalification and worker competency management across major industries all over the globe, including construction, energy, facilities, high tech, manufacturing, mining and telecom.