RESEARCH TRIANGLE PARK, N.C. - JAGGAER, producers of the world’s most comprehensive Source-to-Pay (S2P) indirect and direct solutions suites, today announced its global alliance with LexisNexis® Risk Solutions, a data and analytics company. Collectively these companies will provide data that reduces supply chain risk and delivers world-class compliance management tools. For LexisNexis Risk Solutions, this alliance will help deliver an efficient and reliable way for customers to assess the compliance and risk of supply chain vendors, from the vast quantities of data available. “We are pleased to align with JAGGAER in our efforts to help our customers improve their supplier management solutions and reduce overall risk,” said Edda Rottscheidt, director, Business Risk Management, LexisNexis Risk Solutions. “LexisNexis Risk Solutions has long delivered effective and efficient screening and due diligence of global supply chain vendors by combining a best-in-class matching algorithm with access to the industry’s most robust screening data. Working with JAGGAER, we’ll continue to deliver technology that allows procurement leaders to more effectively assess global supply chain risk and comply with regulations.” According to The Hackett Group’s Supply Risk Management Performance Study, for most companies, the most critical aspect of any supply risk management program is ensuring supply continuity. This includes guarding against supply bottlenecks, logistical issues, low stock and unexpected breakdowns. The second most critical driver for creating a supply risk management program is to ensure regulatory compliance. “Proactively managing suppliers is a significant time and resource cost, and poses a massive risk to the company if a vendor fails to meet any of those standards. With increasingly new regulations, compliance management is becoming a greater priority for companies with large and complex supply chains. This relationship allows us to provide our customers with critical risk management information,” says Rob Bonavito, CEO, JAGGAER.