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Supply Chain Risk: Collaboration between LexisNexis and Corbus

Corbus is collaborating with LexisNexis to offer two LexisNexis® products that help companies mitigate supply-chain risks more effectively and efficiently. This collaboration leverages the strengths of these two Dayton-based companies, delivering supply market risk monitoring and intelligence to increase the value of outsourced procurement operations.

One of the products, Lexis® Diligence, helps clients gain better intelligence when evaluating potential or existing suppliers. With Lexis Diligence, companies can perform searches on an organization or an individual using a customized due diligence approach with default preferences that ensure consistency across all users.  Companies can also search across multiple databases to get comprehensive and relevant matches quickly. These robust databases include news and business information, sanctions, watch lists, politically exposed persons (PEPs), litigation history, public records and more.

The other product, LexisNexis SmartWatch®, enables companies to anticipate and manage supplier risk, minimize supply chain disruptions, help prevent possible litigation and protect corporate brands. The tool goes beyond standard risk awareness with visual dashboards and alerts that proactively monitor thousands of global suppliers across several risk categories.

CorbusAbout:  Corbus, LLC, a global solutions provider founded in 1994, offerings includes Information Technology and Sourcing and Procurement services.  Corbus creates technology-empowered solutions with industry leading processes and technologies that deliver business value to global clients through year-on-year savings, and are known for the ability to work in true partnership with clients to innovate and bring cost reduction along with enhanced product quality. With competitive positioning and complete transparency, Corbus and clients together achieve success. For more information, visit http://www.corbus.com

About:  LexisNexis® Legal & Professional is a leading global provider of content and technology solutions that enable professionals in legal, corporate, tax, government, academic and non-profit organizations to make informed decisions and achieve better business outcomes.

Source: Corbus Press Release

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