Avetta Launches New Technology Platform, the Most Configurable and Easy-to-Use in the Industry
Avetta’s analytics is a game-changer for its customers, providing the ability to bring data from many sources into one cloud-based platform to manage supply chain risk with customized dashboards and visualizations. Customers can build their own tables, charts, filters, and groupings to create interactive reports and dashboards for a high level of visibility into areas of concern, such as missing information, high incident rates, and historical trends.
Its predictive analytics functions are highly interactive and allow clients to see both retrospective and current trends, helping them to view past performance and determine the likelihood of job completion according to requirements. Customized reports can be easily downloaded and set up as an ongoing subscription as well. All of these things can be completed within the platform without having to export to external programs for data modeling purposes.
“Avetta’s advanced analytics not only improve visibility and control for current and future supply chain risk management issues, but also impacts safety and compliance, which saves lives,” said John Herr, CEO of Avetta. “Both clients and suppliers can reduce risk, enhance compliance and grow their businesses through the use of Avetta’s advanced analytics. Avetta contributes to creating safer workplaces, ensuring that workers return home safely each night to their families.”
Co-innovation is a key part of Avetta’s technology development process. Working closely with clients and suppliers to create an evolving user interface (UI) has produced a highly organized platform that is easy-to-use, saves time and aggravation for both sides of the supply chain risk management equation. The platform delivers the ability to make rapid changes in requirements and rules and permits vendors to easily respond to their potential clients’ needs. The platform is highly compartmentalized so that a single change doesn’t impact other areas.
“The Avetta platform can be configured to serve any industry, tailored to a client’s specific needs,” said Kevin Berens, chief product officer of Avetta. “The platform supports 18 languages around the globe, and users are able to access their customized system from any device, at any time.”
The platform provides unlimited connections between clients and suppliers and can be integrated through an API to client accounting, ERP and other systems quickly and easily. The system can be localized to almost any language.
Avetta helps companies worldwide with supply chain risk management, enterprise and workplace safety through contractor management and prequalification with a SaaS-based system that is the most configurable in the industry. With Avetta, a leading chemical company decreased its Total Reportable Incident Rate (TRIR) rate by 74 percent, and a leading telecom company saves $100,000 per year in administrative expenses through a more streamlined safety and insurance verification process.
Wealthfront chose Avetta as one of the best companies in the United States to launch a career in 2018. The company was also selected as a Readers’ Choice by Canadian Occupational Safety magazine, and Spend Matters named Avetta one of “50 Providers to Know.”