A Unique Compliance Solution
Our integrated software solution is designed for processing, managing and monitoring third-party risks (associated with suppliers, subcontractors, customers, partners, subsidiaries etc.) in accordance with applicable regulations.
Imagined as a risk management ecosystem, it allows you to deal with many aspects of risk management throughout the whole third-party relationship.
Large companies are facing stringent regulatory frameworks that have stiffened over the years. Recent regulations advocate for the implementation of thorough Due Diligence processes on a large scale. Indeed, Due Diligence has become a core requirement in the context of the fight against corruption and money laundering, but not only – it's also crucial to any sustainable business approach.
Multinational companies are especially affected by these changes. Dealing with incredibly high numbers of third parties, they are facing the following challenge:
Efficiently implementing due diligence processes to meet all regulatory requirements while also limiting compliance costs and optimizing the activities of the internal staff dedicated to it.
In response to these concerns and needs, we created a UNIQUE Risk Management Platform.
All-in-One, it puts technology to work for you to efficiently assess risks related to a high number of third parties in accordance with various regulations at once.
1) A risk-based approach developed by Due Diligence specialists:
Third parties undergo a 3-steps risk analysis, from identification of exogenous risks (thanks to GRP risk indexes) to (semi-)automated screenings and Enhanced Due Diligence.
2) Two parallel workflows to simultaneously meet the requirements of two different types of regulations:
• Corruption, as well as AML and anti-terrorism financing regulations
• ESG-oriented and corporate responsibility regulations
Designed to smoothly integrate and enhance any corporate structure, our Risk Management Platform is unique in its mission, and also includes:
Upload of existing databases for third-party data management
Multiple user roles with different rights and access, allowing for double validation
Creation and dispatch of questionnaires and forms (onboarding, self-assessments, etc.)
Creation of mitigation actions impacting risk scores
All necessary stats for internal and external reporting
Due Diligence Process traceability with justification of decisions at each step