Prewave vs TeRoc

Prewave monitors suppliers and turns supply chain risk events across languages and networks into business alerts. It says high-impact event news can reach users within 60 minutes and that it detects and analyzes risks across more than 200 categories, including ESG, financial risks, labor disputes and natural disasters. Its analysis of local-language text supports risk detection, while predictive analytics can report on events in specific categories before they happen. Users can group suppliers by region or commodity, narrow collections to high-priority suppliers, save them for reuse and view scores updated with live data. Supplier scoping can support reporting for legislation including LkSG, CSDDD and CSRD. The Action Platform supports desk and on-site audits, security and maturity assessments, and engagement measures such as worker surveys. API capabilities can connect with existing systems, including contract management solutions; the company also mentions supplier relationship management systems and external risk data. Prewave is available on the web and through an API. A free plan is listed, while enterprise pricing is on request.

TeRoc is a web service for procurement intelligence and supplier risk management, aimed at growing UK businesses and the mid-market. Supplier profiles can hold contact details, category, spend, certifications and notes, with added company information, news and risk signals. Users can create risk records, assign owners and statuses, attach mitigations, and link risks to suppliers and news articles. Contract analysis reviews uploaded PDF or Word files, flags risk clauses and provides plain-English explanations and recommendations. Audit findings can be turned into supplier-linked risks with mitigations, owners and deadlines. News feeds and saved searches track suppliers, topics or terms, with AI risk scoring and links to relevant records. Its AI agents monitor supplier profiles, feeds and the risk register, then surface recommendations for review. Starter is free and allows up to five suppliers and one user. Core costs £99 a month for unlimited suppliers and one user; Advanced costs £199 a month for up to five users. Enterprise pricing is tailored, and integrations are not named. TeRoc says collected data is used to reduce procurement risk, not for advertising or user profiling, and can be deleted on request.