Third-Party Risk Management
End-to-End • Customisable • Configurable
Automate every stage of your third-party compliance lifecycle
Smart Third-Party Onboarding and Automated Risk Management
in Less Than Four Weeks
Automated • End-to-End • 100% Configurable • Risk-Based
Risk-Based Screening & Due Diligence
Classify & Engage
THIRD-PARTY COMMUNICATIONs & TRAINING MODULE
Ongoing Monitoring & Periodic Compliance Refresh
As third-party ecosystems become increasingly complex and geographically diverse, organisations are exposed to increased regulatory and reputational risk.
It is understandable that many compliance, legal and procurement professionals like yourself, may feel overwhelmed at the prospect of managing each and every third-party relationship within your global third-party ecosystems.
Did You Know?
1.8% of third parties have been discovered with alerts on sanctions, enforcements and regulatory actions either at the initial screening stage or through ongoing monitoring.
BRIBERY & CORRUPTION RISK
5.6% of third parties have been discovered with alerts on negative media and other risk databases associated with this risk at the initial screening stage or through ongoing monitoring.
ENVIRONMENTAL, HUMAN RIGHTS OR LABOUR RISK
2.4% of third parties have been discovered with alerts on negative media and other risk databases associated with Environmental crimes, Human Rights violations or unethical Labour practices.
Our platform. Your Process
Our easily configured workflow and Predictive Risk Indicator (PRI™) allows our clients to be up and running with their process in a matter of a few days.
DUE DILIGENCE QUESTIONNAIRE
8.4% of third parties were escalated to further due diligence initiatives including Due Diligence Questionnaire (DDQ), signing code of conduct and anti-corruption policies.
All alerts are remediated through our Artificial Intelligence (AI) driven remediation process. Our heuristic algorithm has removed guess work from remediation.
Using our proprietary technology, it is possible to cost effectively screen and monitor 100% of your third parties.
We Can Help
A cost-effective and risk-based approach to third-party risk management
Our market-leading ethiXbase 360 platform contains a series of interconnected modules creating a configurable, end-to-end third-party compliance solution to support every nuance of your third-party programme.
Managing Your Global Third-Party Ecosystems And Achieving 100% Compliance Does Not Need To Be Daunting, Nor Expensive
No two businesses’ risks are the same, nor is the way that they are managed. Our third-party compliance platform ethiXbase 360 is built on a dynamic system architecture with this concept as its core premise.
Built hand-in-hand with our corporate clients, our market-leading ethiXbase 360 allows you to leverage powerful Artificial Intelligence (AI) technology to digitise and automate your organisation’s unique compliance programmes and support every stage of your third-party compliance lifecycle for 100% of your supply chain.
What Our Clients Are Saying About Us
We engaged an independent consulting firm to run an annual customer satisfaction survey and hear
what our clients are saying about us
AUTOMATED WORKFLOW & MARKET-LEADING PLATFORM
“In this platform everything is valuable, from the moment they trigger the automatic email directly to the customer, the customer responds directly via the platform, the Enhanced Due Diligence (EDD) reports are pretty good, the Instant Due Diligence Plus (IDD+) is a very good complement for changes in management, for example. So, the whole process is very useful. It is difficult to point out just one offering.”
DUE DILIGENCE QUESTIONNAIRE & CONFIGURABLE PLATFORM
“The greatest value for us is the documentation on the system of three elements: compliance clause, due diligence questionnaire and code of conduct for each third-party. Also, what is valuable is the fact that they were designed by us. ethiXbase provided recommendations, but we had our code of conduct ready to go, we had our due diligence questionnaire which we were sending manually and we combined it with ethiXbase’s and the compliance code.”
100% OF THIRD PARTIES IN AUTOMATED PLATFORM
“We started working with ethiXbase on the digitalisation of the process, instead of doing all these steps manually we do in a digitalised way on the system. That is a huge added-value. We made a lot of automation and have a very sophisticated process.”