Manufacturing and industrial
One risk program across every plant, entity and supplier
Manufacturers run risk across dozens of plants and legal entities, often in several countries. Suppliers must prove coverage, customers ask for certificates, and premiums must be charged back fairly to each business. RiskWorks gives corporate risk and treasury one system for all of it, while each site does its part.
Trusted by manufacturers
What manufacturers use most
Insurance Compliance
Supplier and contractor certificates checked against your requirements at every site.
Learn morePremium Allocation
Premiums charged back to business units and legal entities by agreed rules.
Learn moreContingent Liabilities
Letters of credit and bank guarantees tracked across subsidiaries and banks.
Learn moreTyco: Bronze Alexander Hamilton Award in Technology, 2006
Tyco’s treasury team used RiskWorks to manage letters of credit and bank guarantees across more than 400 subsidiaries and 100 banks, cutting issuance time by more than half and saving about $2 million in bank fees in the first year.
Read the story →A typical organization
A manufacturer with $1 billion in revenue and 5,000 employees typically has:
Exigis estimate for a typical organization of this size, not measured client data. Your figures will differ: the free diagnostic adjusts them to your size.
Questions
Can each plant manage its own suppliers?
Yes. Sites see and manage their own records, while corporate risk sees everything.
Can RiskWorks connect to our ERP?
Yes. We’ve built interfaces with Oracle, SAP Ariba, JD Edwards and others, and RiskWorksAPI connects the rest.
Does it handle subsidiaries in other countries?
Yes. Legal entities and banks are tracked per subsidiary.
See what a typical manufacturer your size spends
Take the free risk diagnostic. You’ll see where your program stands and what a typical manufacturer your size spends on it, then review the results with an Exigis analyst at no cost.