STAMFORD, Conn., Jan. 28, 2019 /PRNewswire/ -- Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm, today announced the launch of ISG GovernX™ 2.0, an enhanced and expanded version of the firm's groundbreaking digital managed services solution.
ISG GovernX leverages cognitive technology to automate the management of third-party supplier relationships, including contract and project lifecycles and risk management. The latest version, ISG GovernX 2.0, delivers the full suite of ISG Managed Services solutions through a redesigned user interface with intuitive features and a new portal. Version 2.0 also provides mobile access via iOS, Android and Windows mobile devices.
Enhanced contract life cycle modules offer users the ability to manage contract creation and administration, accept e-signatures, and house documents in a collaborative online library. Users also can manage the contract renewal process through efficient workflows, perform dynamic scorecard analysis of contract and supplier performance, and call on intelligent cognitive technology to extract and search data.
"In the year since we first launched ISG GovernX, we have seen scores of top-tier clients gain efficiency and savings from its automated and cognitive-enabled supplier and contract management capabilities," said Lois Coatney, partner and global leader, ISG Managed Services. "The enhancements to ISG GovernX 2.0 add to the platform's ability to be the 'one source of truth' for every aspect of third-party supplier spending and governance."
With enhanced autonomics, business flows and automation, ISG GovernX 2.0 also features an integrated risk register to ensure regulatory compliance and mitigate third-party risks.
Built by ISG with a range of proprietary technologies, including Service Now, Automation Anywhere and IBM Watson, ISG GovernX 2.0 supports each of the four ISG Managed Services solutions: ISG Supplier & Contract Lifecycle Management, assuring supplier delivery and proactive administration of third-party contracts; ISG Third-Party Risk Management, assessing supplier delivery against regulations and monitoring supplier risks to the operation; ISG Supplier Governance Analytics, utilizing advanced predictive analytics to identify and act on key performance, cost and other metrics, and ISG Program & Project Management, offering greater visibility and controls into project status and schedules.
"The universe of third-party supplier relationships is growing exponentially larger and more complex for all enterprises," Coatney said. "The simplified user experience and advanced functionalities of ISG GovernX 2.0 will boost users' abilities to effectively manage the engagement, compliance and governance of even the most complex array of supplier relationships, and to drive scale and cost efficiency across their entire contract portfolio."
ISG GovernX 2.0 comes in two versions: ISG GovernX QuickStart™, for rapid implementation and value realization, and ISG GovernX Pro™, for more tailored and complex business requirements. For more information about ISG Managed Services powered by ISG GovernX 2.0, visit this webpage.
ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 700 clients, including 75 of the top 100 enterprises in the world, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; technology strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry's most comprehensive marketplace data. For more information, visit www.isg-one.com.
SOURCE Information Services Group, Inc.