The US General Services Administration (GSA)has awarded a contract to Exiger as a trusted companion to deliver expanded capacity for supply chain risk management (SCRM) and third-party risk management (TPRM) that will be made available to the whole US Federal government. Exiger is a risk and compliance specialist, which helps businesses to revolutionize risk management for data and services.
Exiger’s SCRM work with the Department of Defense (DoD), which has been tested and proved in a variety of circumstances, is the foundation for the multi-year, $74.5 million contract award. All government agencies will now be able to exchange risk information and consistently manage supplier risk and health across the U.S. Federal Government organization thanks to GSA’s expansion of access to Exiger’s SCRM products. This special enterprise solution is designed in a way that will allow cross-enterprise data sharing, volume discounts, development of supply chain risk management strategies, and enhanced collaborations along with other significant efficiencies.
Exiger is a risk and compliance specialist, which helps businesses to revolutionize risk management for data and services.
Throughout the Federal Government, GSA supports the actions that are contracted as the administration is a shared service provider. By teaming up with agencies and departments from the entire federal government to choose Exiger as an enterprise SCRM platform, GSA offers all government agencies a flexible and direct contracting pathway to get the technology and know-how they need to identify and manage risk and advance their SCRM projects starting this fiscal year.
The real-time capability will be provided to the government by the Exiger platform to enable them to rapidly surface, analyze and diminish any critical threats and vulnerabilities in the whole supply chain system while delivering exceptional transparency to protect the supply chain ecosystem worldwide at an unmatched scale and speed. The platform will also manage the critical areas where there is a risk involved as a part of the enterprise-wide SaaS contact. The critical areas of risk include foreign ownership control or influence (FOCI), cyber supply chain risk management (C-SCRM), financial health (FH), environmental, social, and governance (ESG) and financial crime compliance (FCC), sanctions, however, the risk is not just limited. This will help the government agencies to identify the areas of capable compromise, industrial surveillance, and vulnerabilities before they turn out to be penetrating. Government Acquisition Program Managers can execute proactive supply chain risk management using Exiger down to the level of individual items, parts, and raw materials.
This special enterprise solution is designed in a way that will allow cross-enterprise data sharing and other significant efficiencies.
Exiger gives customers the ability to manage the typical supplier risk types that form the basis of any SCRM or TPRM program, such as operational resiliency, financial health, supply interruption, or anti-bribery/anti-corruption threats. To find reliable and resilient suppliers, Exiger additionally offers a proprietary risk score algorithm that incorporates FOCI, ESG, and C-SCRM issues.
To give actionable insights into a standardized, scalable solution to support the government’s SCRM and vendor vetting mandate, DoD has since scaled its Exiger deployment across the defense procurement business. During the COVID-19 response in March 2020, Exiger expanded its collaboration with the Federal Government. Their SCRM Platform was used to quickly identify and assess tens of thousands of international medical suppliers, enabling the secure and dependable acquisition of the medical devices, medications, and PPE that healthcare professionals needed to save lives.