Fiable has partnered with Felix so that organisations can drive a greater understanding of their vendors and third-party risk across the entire supply chain.
Felix’s leading vendor management and procurement software helps capital and asset intensive operating environments (such as construction, critical infrastructure, mining, utilities and property) streamline disconnected procurement processes to deliver sustainable, safe and profitable outcomes. Organisations use Felix to gain a deeper understanding of their supply chain (compliance, historic performance, ESG insights), driving smarter and more efficient procurement by connecting this supplier data with Felix’s intelligent tendering capabilities.
Fiable customers rely on up-to-date financial health analytics on their subcontractors or supplier base to ensure project and procurement success.
However, a financial viability assessment is only one of the various risk areas that needs to be considered before engaging a third-party vendor. That’s where Felix comes in - offering a centralised solution to manage vendors and procurement processes, while mitigating supply chain risk for better business decisions.
This partnership means Fiable customers can easily store an organisations financial viability assessment outcome in a platform where they are also monitoring all other supply chain risk measures.
Use Felix and Fiable to better manage third-party risk across the entire supply chain:
“Felix customers place a critical dependency on third-party vendors to operate effectively. By partnering with Fiable, our customers can uncover any financial health risks within their supply chain and in the same platform where they are monitoring all other risk measures, strengthening their vendor network and improving transparency with critical business partners.”
Dan Wilson, Chief Revenue Officer, Felix