Spend Matters 50/50: riskmethods – A Provider to Watch in 2015

100 companies - 100 days

We announced here and here our two (not ranked) lists: Spend Matters 50 To Know and 50 To Watch firms for 2015/2016. In the first case, this is our view of the 50 solution provider type organisations in the procurement industry that every senior procurement leader should be aware of and understand. The 50 To Watch are the up-and-coming firms  - those with interesting and relatively new solutions for our market. The 50 To Know are the key organisations in our industry that procurement executives need to have on their radar.

Having announced the lists, our US colleagues are now featuring each of the 100 firms in turn with an article giving an overview of each, with some headline Spend Matters thoughts on them. So on this site we will be giving you a brief extract of the US article, plus adding our own comments where we have anything useful to add from a European perspective. Sometimes we do, sometimes we don’t!

Here is what our US colleagues had to say about riskmethods:

"riskmethods is one of the first firms to bring commercial ready-to-use solutions addressing supply chain risk management (SCRM) needs (at the enterprise level) to market ... Conceptually, the company builds a multi-relationship model of a client's various suppliers (and sub-suppliers, etc.) and layers in information from thousands of sources globally – delivering visibility and insights into risk exposure throughout an extended supply chain. Data is updated in near real time, and dynamically helps clients identify supply at risk as risk events take place. The solution can also be used to model what-if scenarios."

You can read more of what our US colleagues have to say here. In terms of Europe, this is one of the more embarrassing entries in the lists for us in Spend Matters Europe. riskmethods was founded and is still headquartered in Munich, Germany, with a German management team and German investors. Indeed, Munich appears to be their only office; yet our colleagues in Spend Matters US have obviously had a lot more to do with the firm than we have here! That's something we need to put right, particularly as the riskmethods solution looks interesting and impressive. And clearly, it should be of interest to procurement folk this side of the Atlantic too.


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