AUTOMATE, SIMPLIFY AND STREAMLINE YOUR THIRD-PARTY
End-to-End • Customisable • Configurable
Overview
How effective is your company’s third-party risk management programme?
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.
Automate Every Stage of Your
Third-Party Compliance Lifecycle
Our market-leading ethiXbase 360 platform contains a series of interconnected modules, creating a configurable and customisable end-to-end third-party compliance solution to support every nuance of your third-party programme.
ONBOARD
- Onboard your third parties' information from their demographics to digitising your existing internal onboarding documentation & risk scoring.
- Achieve a consistent, automated process completed with a fully accessible audit trail. All your third parties’ information and documentation is in one place.
ASSESS
- Assess initial risks of your third parties using the Predictive Risk Indicator (PRI™) which aggregates data from multiple sources and can be configured based on your own risk criteria.
COMMUNICATE
- Automate retrieval of key compliance information with our robust communications module:
- Due Diligence Questionnaires
- Digital attestation to policies and codes
- Ethics Communications & More
Risk-Based Screening & Due Diligence
- Conduct screening and due diligence proportionate to the risk level posed:
- SCREEN with Instant Due Diligence (IDD) for basic Sanctions & Enforcements checks
- ESCALATE with Instant Due Diligence PLUS (IDD+) for instant access to detailed risk intelligence for greater insight and coverage.
INVESTIGATE
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For third parties posing a high risk, or where it is difficult to source detailed intelligence leverage our in house multilingual Enhanced Due Diligence (EDD) Analysts and configure the scope of research based on your business need.
LEARN MORE ABOUT EDD
Classify & Engage
- Benefit from consolidated risk information and documented decision making regarding which third parties to engage and any risk mitigation strategies in place.
- Leverage our configured automated workflows to ensure relevant stakeholder sign off is requested and recorded for a detailed audit trail of compliance activity and engagement rationale.
Anti-Bribery & Corruption Training
- Leverage our third-party anti-bribery and corruption training or we can digitise your existing training materials.
- All records of third-party training and assessments are recorded against the third parties audit trail within the platform and can be set for periodic review and automatic requests for re-certification.
Ongoing Monitoring & Periodic Compliance Refresh
- Continuously monitor vendor risk and performance and trigger review, escalation, issue management, and remediation activity.
- Set periodic automated risk reviews for third party relationships based on your own metrics.
- Where changes have occurred that impact risk, ethiXbase 360 triggers the appropriate escalation and review including re-ordering of compliance measures such as due diligence, training and approval.
Request a demonstration of our third-party risk management solutions
Please complete the form below and we will be in touch with you shortly.
Benefit from Using ethiXbase
Manage 100% of third parties in one place
Build & maintain complete audit trails to evidence compliance
Leverage inbuilt industry leading workflows which evolve with your programme as required
Proportionate risk-based screening & due diligence according to your need
False positive remediation
Third-party communications
Ongoing monitoring with automated risk triggers should things change
Third-party sign off & escalation workflows
Robust management reporting & analytics
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.”
Fortune 500 Pharmaceutical Company
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.”
Global Agri-business Company
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.”
Global Retail Company
