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Friction Is Not a Feature: Why Supplier Risk Management Needs a Different Starting Point

Supplier onboarding has always been slow. As supplier networks expand and third-party risk requirements become more complex, the standard response has often been to add more questions, assessments, and manual reviews to the process.

But more diligence does not always produce better insight.

A significant amount of supplier risk information already exists across security certifications, company registrations, financial filings, operational data, and other sources. Starting with that information, rather than another lengthy questionnaire, can help procurement build a more complete picture of supplier risk while reducing friction for both sides.

In this Startup of the Week Briefing, informed by a conversation with Clarence Chio, Co-Founder and CEO of Coverbase, we explore how automation is changing supplier diligence and why faster, more reliable risk assessment can help procurement become an enabler of business growth.

Download this briefing to learn:

• Why traditional supplier questionnaires may create more friction than meaningful risk insight
• How automation can accelerate onboarding while strengthening supplier diligence
• Why better risk management can help procurement enable new business opportunities