Argos Risk is a powerful web-based solution that complements your risk management strategy by automatically gathering, evaluating, analyzing, and risk scoring business information related to a vendor’s credit and business health. As new information is collected an email alert is generated to keep you aware of any changes to the risk profile of your key relationship.
Easy-to-use: Visual, color-coded dashboards display information in a format you can understand
Actionable Business dashboard: Information you can use to proactively reduce your risk
Alert Notification: 24/7 alert monitoring for all your business relationships so you can see the risk and fix it fast
Powerful Analytics: Detailed, current information about how and when your customers pay, which ones are high risk, and even negative financial or legal events that have affected their status. Provides a view of all your customers and suppliers, giving you a real-time status and actionable information
Geographic Views: Show you potential location-based risk areas in the event of catastrophic weather, economic conditions and other risk factors
One of the fundamental requirements of the guidance is ongoing monitoring; it’s every bit as important as risk assessment and due diligence. Monitoring of your third parties can help identify a problem before it becomes a crisis.