Company Continues Momentum in Client Growth, Customer Retention and Customer ROI
Supply Wisdom, the market’s only full-stack, real-time risk intelligence SaaS platform powered by AI, today announced the company has added three additional global enterprise customers across technology, telecom, and financial services, continuing its robust customer growth from 2023 as factors like heightened geopolitical uncertainty and supply chain disruptions drive increased demand for automated risk management.
Customer wins in the last 30 days include:
- One of the top five technology companies and highest-valued companies in the world;
- One of the top five telecom companies in the world, with Supply Wisdom now supplying two of the top five telecoms with risk intelligence;
- One of the 8 largest banks in the world;
- One of the largest state-chartered banks in the Northeast.
Supply Wisdom serves as a provider of critical risk intelligence to 14 of the Fortune 100 companies and 19 of the Fortune 500 across industries such as financial services, telecommunications, health care, transportation, government, and technology. With category-leading adoption among top institutions across industries, Supply Wisdom previously announced its 77% year-over-year revenue growth (2022-23) and net customer retention of 102%, with customers seeing as much as 311% return on investment.
Clients added in 2023 included:
- One of the four largest banks in the U.S.;
- One of the three largest shipping companies in the world;
- One of the three largest telecommunications providers in the world for continuous monitoring of 8,000 global third-party suppliers;
- One of the three largest investment brokerages in the U.S. with more than $1T under management for continuous monitoring of suppliers;
- One of the three largest social media companies in the world with more than 1B users for continuous supplier and location monitoring; and
- One of the 10 largest stock exchanges in the world, providing continuous monitoring of material third parties and locations.
“We are delighted to have added three more flagship clients to our roster over the past month. With constantly shifting global dynamics, vigilant enterprise risk management and location monitoring are now table stakes. Smart companies know they must engage in proactive risk management to navigate emerging threats,” said, Tom Thimot, CEO of Supply Wisdom. “Between our technology and deep bench of risk professionals and former military intelligence officers, Supply Wisdom allows organizations to speed up the onboarding of key supplier partnerships to unlock revenue and deliver astronomical ROI.”
Supply Wisdom’s growth and superior delivery of risk insights to its customers is fulfilling a dire need in the marketplace for risk intelligence. As supply chains, external partnerships, mergers and acquisitions, climate change, and geopolitical events become increasingly complex, businesses need advanced, automated, real-time ways of knowing their customers, partners, and downstream vendors.
Supply Wisdom’s full-stack AI-based SaaS platform turns open-source data into risk intelligence and is the market’s only software to cover all major risk domains in real-time: financial, cyber, operational, ESG, compliance, Nth party, and location-based risk. Supply Wisdom monitors continuously for 300+ risk indicators, to help accelerate the speed of business by allowing risk managers to engage new suppliers and enter new markets quickly. With Supply Wisdom’s real-time risk intelligence, organizations can monitor over 150 metrics across eight location risk subdomains, which include ratings and event alerts, all operational within a matter of weeks.
About Supply Wisdom
Supply Wisdom transforms global business with comprehensive, predictive, real-time risk intelligence. Through continuous monitoring, comprehensive intelligence reports, and real-time alerts, Supply Wisdom speeds business growth, lowers costs, increases security and compliance, and unlocks revenue opportunities. Supply Wisdom��s full-stack AI-based SaaS products turn open-source data into risk intelligence and are the market’s only software to cover all risk domains in real-time: financial, cyber, operational, ESG, compliance, Nth party, and location-based risk. Supply Wisdom clients include Fortune 100 and Global 2000 firms in the financial services, insurance, healthcare, and technology sectors, including United Healthcare, BNY Mellon, and Bank of Ireland. Supply Wisdom values diversity with a global workforce that is currently 57% female.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240227460408/en/
Contacts
Aileen McNelis
NextTech Communications
amcnelis@nexttechcomms.com
