This startup provides supplier information management and risk management services in the UK, focusing on third-party risk assessment and compliance verification. By offering detailed supplier assurance and risk analysis, the company helps businesses mitigate potential disruptions and ensure regulatory adherence in their supply chains.
Funding
$91.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Organizations face challenges in efficiently collecting, validating, and managing supplier data, leading to increased administrative overhead and potential risks within their supply chains. Inconsistent data recording, difficulties in ensuring supplier compliance, and navigating complex industry regulations further compound these issues.
Solution
Hellios provides a community-based platform that streamlines supplier data collection and management, enabling buying organizations to reduce risks associated with complex supply chains. The platform connects buying organizations within industry communities, facilitating collaboration on common supplier data challenges. By collecting data directly from suppliers and offering tools for supplier assurance and risk analysis, Hellios helps businesses ensure compliance, improve ESG performance, and reduce the administrative burden of managing supplier information.
Target Audience
The primary target audience includes buying organizations in financial services, defense, aerospace, and security industries seeking to streamline supplier data management, ensure compliance, and mitigate supply chain risks.
Features
- Centralized platform for collecting and managing supplier data across various industries
- Community model enabling collaboration among buying organizations to address shared challenges
- Supplier assurance tools for verifying compliance with industry regulations and standards
- ESG analysis to help organizations and their suppliers improve sustainability performance
- Risk management features for identifying and mitigating potential disruptions in the supply chain
- Carbon reporting and reduction tools (JOSCAR Zero) for tracking and managing supply chain emissions
- Pooled audits to streamline the audit process and reduce duplication of effort for suppliers
- Integration with existing systems and processes through dedicated onboarding managers and support teams