Global reach of Pegasus continues to expand with Avetta One, offering a single-source solution for managing health & safety, ESG & contractor/supplier needs and other risks, plus lowering costs
Pegasus, an Avetta company and the world’s largest provider of workforce and supply chain risk management (SCRM) solutions, today announced the addition of Avetta One™ Platform, a single-source solution for managing operational, reputational and regulatory compliance risks. The platform reduces safety, liability, sustainability, workforce, cybersecurity and financial risks for corporations, suppliers, contractors and their workers.
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“We’ve integrated Pegasus workforce management into Avetta One, creating a single platform for managing all supplier evaluations”
“Business is shifting from a digital transformation to a societal one, as markets demand corporate accountability regarding safety, security, sustainability & ESG, ethics and social initiatives,” said Arshad Matin, president and CEO of Avetta. “Avetta One provides organisations analytical insights into how they measure up to their risks and goals across the entire supply chain.”
Avetta One delivers a global platform that manages critical risk areas in supply chains, creating the industry’s largest and most comprehensive supply chain risk management platform.
- For clients, provides a unified platform that manages risk across safety, liability, workforce qualifications, sustainability & ESG, diversity, financial health and cybersecurity programs.
- For suppliers, reduces time and cost by demonstrating their superior business qualifications across many clients from a single system.
- For workers, offers a central workforce portal to digitally store their required job roles, training competencies and certifications.
- For partners, creates an open marketplace and community to provide services on the world’s largest SCRM platform.
“We’ve integrated Pegasus workforce management into Avetta One, creating a single platform for managing all supplier evaluations,” said Adam Boyle, SVP APAC and Workforce at Avetta. “Avetta One is not one-size-fits-all but it is one place to get all of the specific information needed to meet the local and global standards for your company, plus drill down to make sure those requirements are met through every layer in your supply chain.”
Avetta helps clients and suppliers take their business to the next level:
- Clients and suppliers that use the platform reduce the number of safety incidents by as much as 55% compared to industry averages
- Avetta suppliers improve their safety statistics by 7-8% each year spent in the network
- 50% of suppliers connect to a second client within a year of registering as an Avetta supplier
- One client increased their contractor count by 32% by sourcing safe contractors through the Avetta network
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Avetta One will give Avetta clients an unprecedented view of their supply chain risk programs through multi-risk analytics, supplier risk trends and supplier performance benchmarking. The platform uses almost two decades of data from millions of collected data points to provide real-time views on risks and delivers alerts on deviations from baseline measures. The analytics software includes customisable, interactive dashboards to gain insights that help build supply chain confidence.
Most organizations have the means to focus only on top-spend supplier risks, causing them to miss significant risks in other areas of the supply chain. Those risks can be costly nearly $66 thousand per accident, $1.4 million per day/environmental violation and $5.9 million per cyber incident.
