Vendor Risk Management

FlowForma has launched FlowAssure, a new AI-driven platform aimed at enhancing vendor risk assessments. The tool integrates compliance frameworks to streamline the procurement process, addressing the growing complexities of third-party risk management. This technology represents a significant advancement for procurement professionals looking to improve efficiency and compliance.

A recent supply chain attack on ShapedPlugin Pro has raised alarms about cybersecurity vulnerabilities in procurement. Contractors and federal agencies must enhance their security protocols to protect against similar breaches that can undermine critical software components.