OMX Partners with GRMS for global supplier screening

TORONTO, ON (May 16, 2017) – Canadian technology business, OMX (Offset Market Exchange Inc.) is proud to announce that it has partnered with Global Risk Management Solutions (GRMS). Through the integration of the GRMS supplier screening solution within its innovative platform, OMX will deliver to its clients' critical supplier data including financial stability assessment, global watchlist screening, and diversity status verification.

"As supply chains become more complex and globalized, the inherent risks associated with this expansion increases dramatically," stated GRMS President Gerard Smith.

"Studies clearly show that the gap between organizational screening resources and the ability to proactively vet new suppliers and verify the ongoing veracity of existing ones continues to widen" Smith continued. According to Smith, "this gap creates vulnerabilities within the supply chain that can result in untimely and costly interruptions."

By leveraging the modular adaptability of the GRMS Supplier Screening Solution, organizations such OMX can provide their clients with fast and easy access to critical screening data points to significantly minimize risks while maximizing strategic engagement with GRMS verified suppliers.

According to OMX Founder and CEO Nicole Verkindt, the GRMS screening capability will "enable our clients to accelerate the reliable engagement of a diverse base of suppliers that will in addition to numerous other benefits, drive greater regional economic returns."

About OMX

OMX is a leading supply chain, data analytics and project management technology platform which connects buyers and sellers in the defence, aerospace, mining, oil/gas and infrastructure industries. The technology also manages and tracks national economic impacts of major projects, particularly government procurements.

OMX is a 100% Canadian made and run technology business located in Toronto, ON, Canada. The OMX platform provides access to over 60,000 international companies by region, size, local content, certifications, and capability, with effective web-based software tools to manage supplier and customer relationships collaboratively across an organization. The platform, which has just recently expanded globally, consolidates all of the related information required to fulfill a program, making Government contractors more competitive in a sector where there tends to be a lot at stake, in which the entry costs can be significant.

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About GRMS

Global Risk Management Solutions (GRMS) is the recognized leader in providing innovative supplier screening solutions that assist companies to reduce exposure to global business risk and liability. GRMS is the only company that can provide a customizable global supplier screening and management program in over 120 countries.

Headquartered in Newport Beach, California, GRMS serves a global clientele of companies and organizations in many diverse industries ranging from mid-sized businesses to Fortune 50 companies. Our years of demonstrated experience, proprietary programs and global capabilities have provided our clients with risk management solutions for their specific needs and peace of mind knowing that they are protected while conducting business.

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