Interos, the fast-growing operational resilience company, today announced integration with ServiceNow, now available in the ServiceNow Store, to help customers establish global supply chain resilience. The announcement is built on Interos ’ongoing strategic partnership with ServiceNow, which expanded last year when ServiceNow joined Interos’ $ 100M+ Series C round of funding that gave the company value in unicorn status with a valuation north of $ 1 billion.
The integration will allow joint Interos and ServiceNow customers to seamlessly access Interos ’real-time, sub-tier supply chain insights within the ServiceNow Platform, giving them instant multi-factor risk analysis for each entity in their supply chain. These updates allow organizations to track changes, trigger configurable automated workflows, and create more efficient and resilient supply chains.
“Our integration with ServiceNow is a natural extension of our commitment to help companies ensure operational resilience in all aspects of their business,” he said. Vinay Kapoor, Product SVP, Interos. “The supply chain is the heart of any organization and, as we have seen over the past two years, there is an urgent need to provide robust supply chain solutions that ensure business continuity and secure long -term growth. “Add to this the executive accountability and consumer focus on the company’s ESG posture. This first-in-the-market integration with ServiceNow showcases powerful solutions that can provide a comprehensive view of risk across a platform.”
Also read: Five Ways to Get Delayed Projects Back on Track
Interos ’exceptional SaaS platform uses the power of artificial intelligence to map, track, and model supply chains in real-time. Automated workflows change the way Interos and ServiceNow joint customers manage vendor risk by allowing them to: identify Nth tier sub-tier suppliers, gain risk intelligence and insights , understand the overall health of their supply chain, and identify areas of concern early that need action.
“Businesses today need real-time insight into the health of their entire global supply chain and the ability to act promptly on any identified risks,” he said. Vasant Balasubramanian, VP and GM of Risk at ServiceNow. “Interos’ integration with ServiceNow will help our joint customers gain visibility into their extensive vendor and supplier networks and drive risk mitigation workflows for increased enterprise stability.”
Interos ’integration with ServiceNow allows companies to assess six critical risk factors – financial, operational, restrictive, geopolitical, ESG, and cyber. The shocks in global supply today cost companies an average of $ 184 million annually, excluding the amount of reputation impact, which also affects over 80% of large businesses.
Check out the New Enterprisetalk Podcast. For more such updates, follow us on Google News Enterprisetalk news.