We award Procurence for its ability in filling the gap of the market, creating professional web-based solutions for performance measurement and supply risk management. Thanks to the innovation and the user-friendliness of its services, it has become the point of reference for many multinational companies helping them to increase the transparency of their supply chains from quality management to sustainability.

Procurence has received the International Alternative Investment Review (IAIR) Award in the category Excellence in Supplier Risk Management - Software Provider in an exclusive gala that took place on 4th October at the London Stock Exchange / Borsa Italiana HQ in Palazzo Mezzanotte, Milan, Italy.

This is a second internaltional accolade awarded to Procurence in 2013. Earlier this year the company has been awarded the Best 3rd Party Risk & Compliance Award by the readers of the European CEO Magazine, a British periodical focusing on the CxO level audience in Europe.

About the IAIR AWARDS

IAIR AWARDS is the world's leading ranking and prize for excellences in global economy, finance and sustainability. It was created to promote both global and regional companies that represent best business practices and solutions. The awards ceremonies take place in Ney York, Hong Kong, São Paulo and Milan.

The nominees are selected by the scientific committee of IAIR(International Alternative Investment Review, www.AIRREVIEW.org) along with a team of dedicated legal, economic and financial journalists in over 50 countries worldwide. The winners and nominees of IAIR AWARDS can be found in the global independent publication IAIR - International Alternative Investment Review next to the exclusive articles written by global economists, politicians, and Nobel Prize winners, such as Joseph E. Stiglitz, Nouriel Roubini, Michal Spence, Laura Tyson, Yu Yongding, Kenneth Rogoff, Daniel Gros and Raghuram Rajan.

Some of the past winners and top ranked companies include: Morgan Stanley, Bank of China, Rockefeller, BNP Paribas, IBM, HDFC Ergo, Freshfields, UBS, Novartis, BlackRock, Rothschild, Deutsche Bank, Aviva, Vodafone, Russel Investments, ReMark, BASF, Daimler, Royal Dutch Shell, Christian Dior, Cartier, Fedex, ABB, 3i Group, APAX Partners, Bridgepoint Capital, Allen & Overy, Willkie Farr & Gallagher, DLA Piper, CMS.

About Procurence

Procurence has been established by a group of international experts with purchasing and supply risk management backgrounds. We offer professional web-based solutions for performance measurement, supply risk management and supplier auditing across multiple layers of the supply chain. Our tools are designed based on years of hands-on experience in designing and implementing partner evaluation processes for large FORTUNE 500 / DAX 30 multinational companies.