Vendor Risk Management as a Service

West Chester, Pa. USA – WEBWIRE – Monday, February 21, 2022

“Modevity Vendor Risk Management Services provide actionable intelligence for risk avoidance in detailed vendor risk rating reports that assist companies in assessing their supply chain vendors and staying in compliance with regulations,” stated Tom J. Canova, Co-Founder, CMO at Modevity.

Modevity, LLC, a leading Commercial Intelligence company established in 2004 specializing in Investigative Due Diligence Research and Vendor Risk Management (VRM) Services, announced today that the company signed a multiyear contract to support a US based Registered Investment Advisory (RIA) client based in Seattle to outsource their Third-Party Vendor Risk Management program and Investigative Due Diligence Research Services.

Modevity Vendor Risk Management Services supports client organizations in protecting their company’s financial position, operations, and reputation in the US and internationally.

“The supply chain is the life blood of most companies. Dealing with a problematic vendor, or any company associated with an individual on the US and Global Sanctions list can create a major source of reputational and compliance risk and financial exposure for a company,” stated Tom J. Canova, Co-Founder, CMO at Modevity.

“Modevity Vendor Risk Management Services provide actionable intelligence for risk avoidance in detailed vendor risk rating reports that assist companies in assessing their supply chain vendors and staying in compliance with regulations,” stated Tom J. Canova, Co-Founder, CMO at Modevity.

“The Modevity team of veteran investigator analysts can provide timely and actionable intelligence on an entire supply chain, allowing clients to make more informed decisions about overall operational quality and effectiveness of vendor and supplier relationships,” Mr. Canova continued.

Modevity VRM as a Service supports organizations by mitigating varied company and regulatory risks and utilizes powerful database technology, AI, and open-source tools to provide real-time reports for the identification of risks when conducting business with vendors across varied departments or operations.

Modevity provides clients with vendor background vetting, assessment questionnaire automation, continuous risk monitoring, and vendor risk scoring & reporting services.