NameBITE Supply Chain Risk Management
OverviewBITE is a user-friendly software solution designed for businesses to effectively monitor, identify, and mitigate risks within their supply chain, ensuring trade compliance. By utilizing automated screening and AI-driven risk scoring tools, BITE not only reduces the vetting and screening costs associated with sizable organizations but also enhances computational efficiency. The software offers in-depth analysis and real-time insights using extensive trade data, aiding in the identification of potential trade violations, illegal transshipments, and transactions involving restricted parties. Furthermore, BITE provides essential resources, including playbooks and training, to assist users in navigating regulations and maintaining compliance across multiple sectors such as commodity trading and maritime shipping.
Key features & benefits
  • ✔️ Automated screening processes
  • ✔️ AI-driven risk scoring tools
  • ✔️ Comprehensive analysis of extensive trade data
  • ✔️ Detection of trade violations, illegal transshipments, and restricted party transactions
  • ✔️ Resources such as playbooks and training for regulatory compliance
Use cases and applications
  • Automate supplier and vendor screening with AI-based risk scoring, minimizing manual efforts and ensuring trade regulation compliance.
  • Employ BITE’s analysis capabilities to detect and address potential trade violations and illegal activities in real-time, thereby improving risk management.
  • Utilize BITE’s resources to map regulations and uphold compliance in sectors like commodity trading and maritime shipping, enabling proactive risk management.
Who uses?
  • Supply chain managers
  • Compliance officers
  • Procurement teams
  • Logistics personnel
Pricing

BITE offers a Free trial for users to test the tool, with paid plans available afterward:

  • Basic plan: $0
  • Standard plan: $19/mo/per user
  • Pro plan: $39/mo/per user
  • Enterprise plan: $59/mo/per user

Note: Pricing packages are subject to change. Verify pricing here.

TagsSupply Chain Management, Trade Compliance, Risk Management, AI Tools
App available?Yes

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