IntegrityNext: Vendor Analysis, 2021 update — Supplier sustainability monitoring solution overview, strengths/weaknesses, SWOT, competitors, tech selection tips

The Covid pandemic finally has made it clear to procurement organizations that monitoring suppliers for risk in compliance, operations and reputation is paramount — because a violation, disruption or mishap can be devastating. For organizations that have looked beyond a single incident and examined the bigger picture, however, some are realizing that the larger issue is the long-term sustainability of supply chains.

The trouble for procurement groups, however, is that monitoring suppliers to reduce not just general, business-focused risks but also sustainability risks is no easy task — especially across the long tail of suppliers.

To get a grip on supplier compliance to meet these broader objectives, procurement organizations generally need four things:

• supplier self-assessments that capture details on policies and procedures
• certificates of verification
• third-party audit information
• up-to-the-minute insight and analysis on reported events that could be early indicators of issues that need to be investigated

IntegrityNext, which first went to market in May 2017, sits at the nexus of these areas. It offers an affordable, easy way for procurement organizations to access compliance assessments, up-to-date certifications and real-time market sentiment on their supply chains. To such an end, they have delivered and have grown to be one of the largest supply chain sustainability platform/profile holders in the world that monitors suppliers (and the supply chain) across 155 countries and over 1 billion messages daily for sustainability monitoring.

This Spend Matters PRO Vendor Analysis offers an update on our 2018 look at IntegrityNext and its capabilities. It includes an overview of IntegrityNext’s offering, a breakdown of what is comparatively good (and not so good) about the solution, a SWOT analysis, a list of IntegrityNext competitors and a selection requirements checklist for those that might consider the provider.