Levelpath Introduces Third-Party Risk Management to Deliver End-to-End Supplier Visibility

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SAN FRANCISCO--(BUSINESS WIRE)--Sep 29, 2025--

Levelpath, the AI procurement solution, today announced the release of its newest risk management capability that gives procurement and risk teams a central hub to assess, monitor, and act on supplier risk. The AI-native platform brings contract insights, supplier workflows, and real-time monitoring into one place so teams can prioritize oversight and act with confidence.

Every supplier relationship introduces opportunity as well as exposure. Levelpath’s risk module embeds risk management across the supplier lifecycle, helping procurement partner with legal, finance, risk, compliance, IT, and other functions to ensure resilience and trust. By consolidating supplier, sourcing, and contract data into a single framework, Levelpath transforms scattered signals into structured visibility that elevates procurement as a strategic partner.

"Procurement teams face increasing pressure to deliver savings, ensure compliance, and reduce exposure to risk, all while operating with speed and precision. Levelpath’s new Risk capabilities provide a single, intelligent view of supplier risk that is fully connected to sourcing, contracting, and supplier workflows," says Alex Yakubovich, Co-Founder and CEO of Levelpath.

Core Capabilities of Levelpath’s Risk Management

The new third-party risk management module provides procurement teams with a central hub that embeds risk awareness into every stage of the supplier lifecycle. From sourcing through contracting, onboarding, and ongoing performance reviews, the platform captures and connects risk signals so teams can act with clarity and confidence.

Intake and Categorization

During supplier onboarding, Levelpath collects financials, certifications, competitor ecosystem data, and product attributes, then maps this data to standardized categories. In sourcing events, Levelpath can collect risk factors from data privacy, information security, legal, and other relevant operational reviews. As contracts are reviewed and executed, Levelpath gathers additional risk factors regarding NDA status, renewals, terminations, payment terms, obligations, SLAs, and other contractual risks. This creates a foundation for segmentation across financial, operational, compliance, and strategic dimensions.

• Risk records store identifiers, ownership, and links to suppliers, contracts, and sourcing events.
• Supplier segmentation classifies vendors by spend, criticality, and contractual status, with custom labels for deeper scrutiny.
• Risk categories and scores apply quantitative and qualitative inputs, plus external data feeds, to track exposure across domains.

Integration Across Procurement

Risk intelligence is connected directly to sourcing projects, contracts, and supplier profiles, giving teams a complete picture of exposure.

• Lineage across sourcing, contracts, and supplier profiles shows how risks influence awards and where contractual protections apply.
• Dashboards and analytics provide portfolio-wide visibility with saved views and reporting.
• Audit trails and evidence repositories support compliance with documented decisions and assessments.

Governance and Monitoring

Governance workflows ensure risk is managed consistently, while real-time monitoring keeps teams ahead of disruption.

• Risk mitigation and workflow include action plans, approvals, and role-based escalation.
• Monitoring and alerts detect issues such as financial instability, cybersecurity threats, or compliance concerns.
• Enterprise integrations connect risk data across sourcing, supplier, and contract systems.
• Mobile access enables on-the-go visibility and approvals for stakeholders, allowing the business to stay ahead of risk.

Connecting Contract Insights Through AI-Enabled Risk to Drive Business Value

The new risk capabilities allow enterprises to accelerate sourcing cycles, strengthen supplier relationships, and reduce compliance overhead. By embedding risk awareness into procurement workflows, teams can proactively manage exposures that previously remained hidden until disruption occurred. Early screening prevents wasted effort on unqualified vendors, while automated checks across finance, risk, IT, security, and regulatory frameworks streamline audits. Transparent dashboards give executives timely visibility into supplier health, helping organizations build resilient, compliant, and diverse supply chains. Read more about how AI is changing supplier risk management in Levelpath’s new paper, WhyAI is Now Risk Leaders’ Secret Weapon.

“Levelpath's AI-powered risk management capabilities will help us proactively identify potential issues before problems develop," said Michael Leiken, VP of Procurement Strategy at InMarket. “Levelpath has significantly reduced the time we spend reviewing requests, obtaining manual approvals across departments and managing contracts.”

The third-party risk management module also adds to Levelpath’s existing contract review capabilities. The Contract Discovery Agent allows procurement teams to ask natural questions about all the contracts in the repository and get back structured results. With the AI Contract Discovery Agent, risk research that previously took weeks can now be completed in minutes. Join the next AI Masterclass session on Friday, October 24 at 9am PT/ 12pm ET to hear from Western Union on how they use Levelpath to turn contracts into live risk intelligence.

At Levelpath, safeguarding customer data is not just a compliance requirement, but a core principle, which is why we built the Levelpath Trust Center to embed security, privacy, and governance into every layer of our platform. To learn more about Levelpath's AI-native procurement platform and how it can aid in third-party risk management, visit https://www.levelpath.com/

About Levelpath

Levelpath is the premier AI-native procurement platform, purpose-built to help global enterprises optimize spend and operations. Powered by its proprietary Hyperbridge reasoning engine, Levelpath unifies complex procurement processes with intelligent automation, no-code workflow orchestration, and a delightful stakeholder experience. The platform delivers real-time visibility, actionable insights, and faster execution, enabling procurement teams to drive measurable business value at scale. Trusted by leading enterprises worldwide, including Ace Hardware, Amgen, Coupang, Fortrea, GATX, SiriusXM, SSM Health, and Western Union, Levelpath helps organizations collaborate smarter, operate more efficiently, and unlock new levels of agility.

Headquartered in San Francisco, Levelpath is backed by Benchmark, Redpoint Ventures, Menlo Ventures, NewView Capital, and World Innovation Lab. Learn more at levelpath.com or connect with us on LinkedIn.

View source version on businesswire.com:https://www.businesswire.com/news/home/20250929047010/en/

CONTACT: Abby Lewis

PANBlast for Levelpath

[email protected]

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES DATA MANAGEMENT TECHNOLOGY DATA ANALYTICS SOFTWARE ARTIFICIAL INTELLIGENCE

SOURCE: Levelpath

Copyright Business Wire 2025.

PUB: 09/29/2025 12:20 PM/DISC: 09/29/2025 12:19 PM

http://www.businesswire.com/news/home/20250929047010/en