Press release

Avetta Launches New Technology Platform, the Most Configurable and Easy-to-Use in the Industry

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Sponsored by Businesswire

Avetta,
the leading provider of supply
chain risk management
, connecting organizations with qualified and
vetted suppliers, contractors and vendors, has launched a new technology
platform named Connect. The platform is the most configurable and
easiest to use in the industry, enabling clients to configure goals,
create and customize analytic dashboards, modify processes, and produce
reports that will improve safety and compliance for their supply chain
operations. The focus on simplicity of the new Connect platform will
enable Avetta’s 450+ global clients and 85,000+ contractors and
suppliers to connect anytime, anywhere in over 100 countries around the
world regardless of the user technical skills.

Avetta’s analytics is a game-changer for its customers, providing the
ability to bring data from many sources into one cloud-based platform to
manage supply chain risk with customized dashboards and visualizations.
Customers can build their own tables, charts, filters, and groupings to
create interactive reports and dashboards for a high level of visibility
into areas of concern, such as missing information, high incident rates,
and historical trends.

Its predictive analytics functions are highly interactive and allow
clients to see both retrospective and current trends, helping them to
view past performance and determine the likelihood of job completion
according to requirements. Customized reports can be easily downloaded
and set up as an ongoing subscription as well. All of these things can
be completed within the platform without having to export to external
programs for data modeling purposes.

“Avetta’s advanced analytics not only improve visibility and control for
current and future supply chain risk management issues, but also impacts
safety and compliance, which saves lives,” said John Herr, CEO of
Avetta. “Both clients and suppliers can reduce risk, enhance compliance
and grow their businesses through the use of Avetta’s advanced
analytics. Avetta contributes to creating safer workplaces, ensuring
that workers return home safely each night to their families.”

Co-innovation is a key part of Avetta’s technology development process.
Working closely with clients and suppliers to create an evolving user
interface (UI) has produced a highly organized platform that is
easy-to-use, saves time and aggravation for both sides of the supply
chain risk management equation. The platform delivers the ability to
make rapid changes in requirements and rules and permits vendors to
easily respond to their potential clients’ needs. The platform is highly
compartmentalized so that a single change doesn’t impact other areas.

“The Avetta platform can be configured to serve any industry, tailored
to a client’s specific needs,” said Kevin Berens, chief product officer
of Avetta. “The platform supports 18 languages around the globe, and
users are able to access their customized system from any device, at any
time.”

The platform provides unlimited connections between clients and
suppliers and can be integrated through an API to client accounting, ERP
and other systems quickly and easily. The system can be localized to
almost any language.

Avetta helps companies worldwide with supply chain risk management,
enterprise and workplace safety through contractor management and
prequalification with a SaaS-based system that is the most configurable
in the industry. With Avetta, a leading chemical company decreased its
Total Reportable Incident Rate (TRIR) rate by 74 percent, and a leading
telecom company saves $100,000 per year in administrative expenses
through a more streamlined safety and insurance verification process.

Wealthfront chose Avetta as one of the best companies in the United
States to launch a career in 2018. The company was also selected as a
Readers’ Choice by Canadian Occupational Safety magazine, and
Spend Matters named Avetta one of “50 Providers to Know.”

About Avetta

Avetta
leads the world in connecting leading global organizations across
several industries including oil/gas, telecom, construction materials,
facilities management and many others, with qualified and vetted
suppliers, contractors and vendors. The company brings unmatched access
and visibility to its client’s supply chain risk management process
through its innovative and configurable technology, coupled with highly
experienced human knowledge and insight. We contribute to the
advancement of our clients’ sustainable growth by protecting supply
chains from a wide range of potential risks through trusted contractor
prequalification, safety training and monitoring, regulatory compliance,
insurance/financial stability and other areas of risk. Avetta currently
serves more than 450 enterprise companies and 85K suppliers across 100+
countries. Visit www.avetta.com
for more information.