Interos, the leading AI technology company solving the world’s toughest supply chain problems, announced today that Spend Matters has included the company on its annual 50th list of procurement vendors to watch. Spend Matters is the world’s largest resource for procurement and supply chain professionals.
Each year, the 50 Providers to Watch list recognizes rapidly emerging companies in the procurement and supply chain market, selecting solution providers that continue to grow and create innovative products that drive the market. Interos was selected by Spend Matters analysts after multiple rounds of product research, evaluation and discovery focused on factors such as growth rate, innovation, technical capabilities and solution delivery.
Spend Matters highlighted the power of Interos’ platform in helping procurement leaders at all levels make the best decisions to mitigate risk and protect the bottom line amidst inflation, recession and other market uncertainties. The company’s AI-powered i-Score™ scores extended supply chains against ESG, operational, financial, restrictions, cyber and geopolitical business threats using thousands of proprietary data points. By working with Interos, companies can save up to 5% of their bottom line by helping to run jobs consistently and reliably.
“Interos’ clients can very quickly and almost effortlessly identify where they are at risk in their supply chain using their (continuously growing) proprietary database of 350 million entities and their AI-based risk monitoring capabilities,” said Bertrand Maltaverne, Senior Analyst, supplier management and procurement. “Interos’ Knowledge Graph (IKG) is an asset and differentiator that makes the often invisible visible. Interos’ map-based visualizations are intuitive, and users have a simple and effective way to explore and/or filter data to examine risk elements in a multi-level and comprehensive taxonomy. Also, his API approach is definitely a strength as risk-based orchestration becomes more important in today’s business context.”
Interos Founder and CEO, Jennifer Bisceglie, emphasized that continuous supply chain mapping and monitoring is key to addressing today’s complex risk environment plagued by wars, ongoing pandemic shutdowns, labour shortages, regulatory actions and other rapidly evolving business risks.
“We are honoured to be included in the Spend Matters list of dynamic companies addressing the challenges of the global supply chain,” said Bisceglie. “If companies are going to do just one thing, they need to be curious about their extended supply chains. We cannot continue to be taken by surprise or treat supply chain shocks as black swans. We need to understand whom we’re doing business with and whom these companies are doing business with to anticipate the next crisis.”