The latest accolade recognizes the leading global ESG firm’s supply chain risk management cloud solution that leverages AI to help companies proactively manage risk with real-time monitoring.
CHICAGO, IL (September 20, 2023) – Sphera®, a leading global provider of environmental, social and governance (ESG) performance and risk management software, data and consulting services, today announced that it has received a Stratus Award for Cloud Computing from the Business Intelligence Group for the second consecutive year.
The Stratus awards identify the companies, products and people that are offering unique solutions that take advantage of cloud technologies. Sphera received the award in the Artificial Intelligence (AI) category for Sphera Supply Chain Risk Management (SCRM). Sphera SCRM empowers businesses of any size and in any industry to proactively monitor, identify, assess and mitigate all types of risk. Through automation, the modular, cloud platform establishes a single source of truth around risk across global supply networks.
With increased regulatory, investor and customer demands for supply chain transparency on environmental, social and governance (ESG) criteria, sustainability and ESG have become intertwined with SCRM. Sphera is uniquely suited to address this convergence with its suite of sustainability and ESG software, data and consulting services. Sphera SCRM is a key component of the company’s SpheraCloud solution family that includes software and services dedicated to ESG, sustainability, safety and productivity. SpheraCloud—winner of a 2022 Stratus Award in the Cloud Integrator category—is Sphera’s SaaS technology platform that integrates Sphera’s software modules and connects the customer organization on a fully digital platform.
Sphera SCRM leverages various aspects of AI—natural language processing, supervised machine learning and vectorization—for managing data as part of real-time risk monitoring. This empowers companies to react faster and proactively manage all kinds of risk—whether negative impacts, industry developments or regulatory scrutiny—across their supply networks. The solution, for example, notified customers of the impending Panama Canal shipping crisis months before the worst of the slowdown.
Through the power of AI and cloud-based collaborative networks, Sphera SCRM dives into a company’s supplier relationships, including their sub-tiers, to illuminate their business practices and uncover any associated risks. This improved risk profile helps companies gain competitive advantage with a well-managed approach to ensure business continuity, protect their reputation and reduce the costs related to supply chain risk.
“We are honored to once again be recognized by Business Intelligence Group as a global leader for cloud computing,” said Paul Marushka, Sphera’s CEO and president. “In recent years, supply chains have become characterized by disruption. Without digital SCRM tools, companies lack real-time risk data and are less prepared when risk events strike. The kind of risk visibility and insights that Sphera SCRM provides are fundamental to proactive data-driven decision-making. Empowering organizations to manage and mitigate risk and create resilient and ESG-compliant supply chain networks is crucial to our mission of creating a safer, more sustainable and productive world.”
“The cloud is central to how consumers and businesses alike access the data and applications we rely on.” said Maria Jimenez, Chief Nominations Officer of Business Intelligence Group. “And it was clear to our judges that Sphera is at the forefront of the cloud, developing innovative solutions that support businesses in making informed decisions using real-time data.”
About Business Intelligence Group
The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry and business award programs, business executives—those with experience and knowledge—judge the programs. The organization’s proprietary and unique scoring system selectively measures performance across multiple business domains and then rewards those companies whose achievements stand above those of their peers.
About Sphera
Sphera is the leading provider of environmental, social and governance (ESG) performance and risk management software, data and consulting services focusing on Environment, Health, Safety & Sustainability (EHS&S), Operational Risk Management (ORM), Product Stewardship and Supply Chain Risk Management (SCRM). For more than 30 years, we have served over 7,000 customers and a million-plus users in 80 countries to help companies keep their people safe, their products sustainable and their operations productive.
Learn more about Sphera at www.sphera.com and follow on LinkedIn.
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