We begin by gathering data on your supplier base and the products and services they provide. Where applicable, we use our risk management solution, SpendQube, to engage with suppliers and collect all necessary data, improving efficiency, keeping all information in one place, and supporting effective triage and decision-making.

Next, we run a comprehensive, multi-dimensional assessment that goes beyond basic risk checks. We evaluate financial stability, regulatory compliance, ESG performance, operational resilience, capacity and capability, and alignment with your strategic objectives. Where relevant, we also consider factors such as cybersecurity, ethical practices, and reputation risk. We also take into account new regulations, such as DORA, to ensure your organisation is fully prepared and compliant with the latest regulatory requirements.

Our methodology combines quantitative analysis such as financial metrics and third-party data with qualitative insights from interviews, supplier questionnaires, and stakeholder input. This creates a balanced, evidence-based view of supplier performance and risk.

Finally, we compile our findings into a detailed report. Procurato can further work with you to prioritise actions, from addressing high-risk suppliers to strengthening key partnerships, so that your team is equipped to act with confidence.