Enhanced financial tool addresses procurement risks associated with job site sourcing

DALLAS: 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.”

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:

ISN’s all-inclusive contractor and supplier management platform helps provide transparency, control, and actionable insights without additional fees.

For more information on ISN’s industry-leading software and services, visit isn.com.

About ISN

ISN is the global leader in contractor and supplier information management, with more than 20 years of experience connecting 850 Hiring Clients in capital-intensive industries with 85,000 active contractors and suppliers to promote safety, health, and sustainability in the workplace. ISN’s brands include ISNetworld®, a global online contractor and supplier management platform, Transparency-One®, a responsible sourcing platform built to bring transparency to supply chain management, and Empower®, a worker-level app built to keep workers moving forward.

ISN has 14 offices around the globe which provide award-winning support and training for its customers in more than 85 countries. ISN takes pride in leading worldwide efforts to improve the efficiency and effectiveness of contractor and supplier management systems and in serving as a world-class forum for sharing industry best practices, benchmarking performance, providing data insights among its members, and helping decision makers, including board members, ensure contractor and supplier risk is assessed and monitored. For more information, visit isn.com.

Fonte: Business Wire