HICX
Third party & supplier risk management software
Supplier relationship management (SRM) software
Supply chain management software
- Features
- Ease of use
- Ease of management
- Quality of support
- Affordability
- Market presence
Take the quiz to check if HICX and its alternatives fit your requirements.
Contact the product provider
Free Trial unavailableFree version unavailable
Small
Medium
Large
- Professional services (engineering, legal, consulting, etc.)
- Manufacturing
- Banking and insurance
What is HICX
HICX is a supplier master data management and supplier information management platform used to create and maintain a single, governed supplier record across procurement and supply chain systems. It supports supplier onboarding, data validation, hierarchical supplier structures, and ongoing supplier profile maintenance for procurement, finance, and risk/compliance teams. The product commonly integrates with ERP and source-to-pay environments to improve supplier data quality and enable consistent reporting and controls across business units.
Strong supplier master data governance
HICX focuses on supplier master data management, including standardization, stewardship workflows, and controls around supplier record creation and change. It supports complex supplier hierarchies and relationships, which helps large organizations model parent/child entities and related parties. This emphasis can reduce duplicate suppliers and inconsistent attributes across systems when implemented with clear governance.
Configurable onboarding and maintenance workflows
The platform provides configurable workflows for supplier onboarding, profile updates, and approvals. It supports collecting and maintaining supplier attributes needed by procurement, finance, and compliance stakeholders, with role-based tasks and validations. This can improve cycle times and auditability compared with email- and spreadsheet-driven processes.
Integration-oriented for enterprise landscapes
HICX is typically deployed alongside ERP and procurement suites, acting as a system of record for supplier data while synchronizing to downstream systems. Integration capabilities are a practical fit for organizations with multiple instances of ERP/source-to-pay tools and shared service models. This approach helps keep supplier identifiers and key attributes consistent across applications used for purchasing, payments, and reporting.
Not a full S2P suite
HICX centers on supplier data and supplier information management rather than providing an end-to-end source-to-pay platform. Organizations may still need separate tools for sourcing, contracting, procure-to-pay, and broader supply chain execution. Buyers should validate which SRM and risk workflows are native versus dependent on integrations.
Implementation depends on data readiness
Value realization depends heavily on existing supplier data quality, taxonomy decisions, and governance ownership. Data cleansing, deduplication, and hierarchy modeling can be time-consuming, especially in global organizations with decentralized supplier creation. Projects often require cross-functional alignment (procurement, AP, IT, compliance) to avoid reintroducing inconsistent records.
Risk management breadth varies by use case
While supplier information can support third-party risk processes, the depth of risk content, monitoring, and regulatory workflows may not match specialized risk/compliance platforms. Some risk signals and continuous monitoring capabilities may require third-party data providers or additional systems. Organizations with advanced third-party risk programs should confirm coverage for assessments, evidence collection, and ongoing monitoring requirements.
Seller details
HICX Solutions Ltd
London, United Kingdom
2013
Private
https://www.hicx.com/
https://x.com/hicxsolutions
https://www.linkedin.com/company/hicx-solutions/
