ISN, the global leader in contractor and supplier management, announced the expansion of financial risk intelligence through its platform, ISNetworld®, providing Hiring Clients real-time insights into contractor and supplier bankruptcies, liens, and other critical financial events. These enhancements help organizations anticipate potential disruptions and make more informed procurement decisions.
The enhanced financial monitoring capability is powered by ISN’s newest integration with a leading global credit intelligence provider, giving procurement leaders direct access to timely financial alerts and insights within ISNetworld.
“Procurement leaders need visibility into their contractors’ and suppliers’ financial health,” said Marie Anderson, Chief Customer Success Officer at ISN. “By strengthening our financial monitoring capabilities, ISN is providing Hiring Clients with the clarity and confidence needed to help anticipate potential disruptions, ensure continuity, and allocate spend wisely.”
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A Broader View of Contractor and Supplier Risk Mitigation
Financial monitoring is part of ISN’s comprehensive suite of risk solutions, designed to help Hiring Clients evaluate and manage contractor and supplier performance across multiple areas:
- Cross-functional Risk Insights: ISN consolidates data across safety, financial stability, cybersecurity, sustainability, insurance compliance, and Know Your Customer (KYC), giving organizations a complete view of contractor and supplier risk.
- Program Maturity & Frontline Feedback: ISN goes beyond document review with 360 assessments to measure how programs are implemented and their maturity. Led by industry experts, these assessments incorporate frontline worker feedback and management interviews to capture a full picture across the organization.
- Smart System Integration: ISN connects seamlessly with procurement platforms through APIs, allowing efficient data flows, greater visibility, and stronger controls across the enterprise.
ISN’s all-inclusive contractor and supplier management platform helps provide transparency, control, and actionable insights without additional fees.
Source: BusinessWire
