The European CEO Magazine has just announced the winners of the 2013 Risk & Compliance awards and we are very pleased to announce that Procurence has been won in the Best Third Party Risk & Compliance Provider category.

Procurence has been selected in a rigorous process, which included voting by the European CEO magazine readers and experts that led to the selection of four finalists, with the winner chosen by a panel of independent judges. Winners in other categories include well-know companies like PricewaterhouseCoopers, Thomson Reuters Accelus, Wolters Kluwer Financial Services, Oracle, SAI Global and SAS.

Although Procurence is still a start-up and does not have the marketing heft of its much larger competitors, the judges have acknowledged the innovativeness and user-friendliness of our solution, as well as the broad scope of its application - helping companies increase the transparency of their supply chains in matters ranging from Quality Management, procurement processes, risk exposure and ending with social responsibility (e.g. compliance to black empowerment regulations in South Africa) and sustainability.

The Award acknowledges not only that Procurence's solution is at par with what is offered in Supplier Management and Supply Chain Risk Management, but also the potiential of the company with a strong focus on R&D and continuous improvement and a rapid development of new value-adding functionalities.

About European CEO Magazine

European CEO Magazine provides the numbers, detailed analysis, strategy and guidance needed to make qualified business decisions in Europe's diverse marketplace. Reaching the desks of more than 54,000 chief executive officers and decision making executives who serve on the boards of Europe's leading companies, European CEO Magazine reaches highly affluent executives at their homes as well as their primary businesses.

The European CEO Awards - created in 2007 to identify industry leaders, individuals, teams and organisations that represent the benchmark of achievement and best practice in the business world will once again reflect a wider spectrum of industries than ever before.

The 2013 Risk & Compliance Awards will distinguish those that have excelled in providing an unparalleled service to their clients whilst building strategies and solutions to the most challenging issues facing C-suite executives. The awards will identify the best organisations and solution providers in their sector, who are measured against a rigorous selection process.

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.