Know Your Business Partner
Holistic Third Party Risk Management Platform
Manage business relationships easily
In our complex, globalised and digitised world, companies are forced to interact with an increasing number of business partners. At the same time, business relations are more intricate than ever due to increasing regulatory requirements. Furthermore, public pressure demanding transparency surges, putting companies in the position of having to carefully manage their business partners. In this environment, integrity matters! Overall, insufficient business partner management results in an unnecessarily high business risk as well as immensely high administrative costs.
Benefits
90 %
Cost reduction
The manual effort and the associated costs can be reduced greatly.
100 %
All industries and sizes of organisations can be covered
The modular approach and risk area coverage are tailored to specific needs.
> 15
Risk areas covered (flexibly expandable)
Changing or increasing regulations are covered on a global level.
Your path to transparent and compliant business partner management
The business relationship tool guides you along the entire process from determination of requirements up to contract conclusion and internal documentation. The usage of the tool is intuitively usable and the content of the tool is tailored in form of selectable modules. In this way, the tool can be customised individually to your needs.
01
Business Partner Profiling and Screening
Efficiently onboard and profile external business partners while conducting mandatory Sanctions and Embargoes list screenings.
02
Risk Assessment
Implement a uniform and standardised logic for identifying and evaluating pertinent risk areas.
03
Management Plan
Introduce a systematic and automated mitigation plan, designed to execute structured due diligences efficiently, and provide clear remediation measures to reduce relevant risk areas effectively.
04
Intelligent Documentation
Create meticulous and audit-proof documentation for all due diligences, while also consolidating and archiving risk assessments for every service provided by the external business partner.
05
Continuous Live Monitoring and Reporting
Ensure consistent monitoring and tracking of results, including periodic updates to due diligences and the option for live monitoring. Enable transparent internal reporting to provide comprehensive insights for an elevated level of risk management.
