Old fashioned way
Using old-fashioned tools to manage vendors can be tedious and source of mistakes. It’s often non-standardized and not reliable.
With a Vendor Management System
Know Your Vendor™ solution helps our clients mitigate supply chain risks by providing a consolidated panorama for due diligence on third parties.
Implementing Due Diligence
Using the most recent technologies to monitor your supply chain, it allows to import your vendors and assigns to each of them a questionnaire, which is a critical step for the due diligence.
You can follow the progression of the due diligence in real time and access the report and scoring at a click of a button.
Solutions
- Manual creation of vendors and sub-vendors
- Import database of vendors and sub-vendors
- Classification scheme and tag system
- Status of due diligence completion within the supply chain
- Communication Channel between our client and our team
- User-friendly dashboard with search functions and filtering
Global Fraud
Vendor fraud is one key fraud category to watch. Vendor fraud involves fraud schemes in which the fraudster manipulates a company’s accounts payable and payment systems for illegal personal gain. Vendor fraud generally falls into three categories:
- Billing schemes
- Check tampering schemes
- Bribery or extortion schemes
Due Diligence
Due diligence is conducted to insure integrity in the supply chain and prior to making important business decisions in areas such as corporate mergers/acquisitions, or partnership. Due diligence is a deep background check on a prospect, be it a corporation, its principals or a specific individual.
We provide Vendor Screening, Reputational Due Diligence and Enhanced Due Diligence depending on our client’s requirements.
| Vendor Screening |
Reputational Due Diligence |
Enhanced Due Diligence |
|
|---|---|---|---|
| Beneficial ownership search | |||
| Verification of provided documentation | |||
| Digital and media search | |||
| Litigation and bankruptcy checks | |||
| Global sanctions checks | |||
| Field visits | |||
| Reputation checks | |||
| Source inquiries | |||
| Interview with company’s principals | |||
| Review of all findings and further research | |||
| Turn-around time | 12 days | 15 days | 20 days |
Apply compliance to your supply chain!
Multiple Languages / Trusted and Secured
User Friendly
We have designed the interface to be “user friendly” and easy to use or understand.
Secured
Using a certificate SSL, all the datas are encrypted.
Multilingual
Available in multiple languages (by default english). Any elements can be translated.
Fast and Light
We have minimised the human interactions and increased the automatisations.
User Friendly
We have designed the interface to be “user friendly” and easy to use or understand.
We have designed the interface to be “user friendly” and easy to use or understand.
Trusted and Secured
Using a certificate SSL, all the datas are encrypted.
Using a certificate SSL, all the datas are encrypted.
Multiple Languages
Available in multiple languages (by default english). Any elements can be translated.
Available in multiple languages (by default english). Any elements can be translated.
Fast and Light
We have minimised the human interactions and increased the automatisations.
We have minimised the human interactions and increased the automatisations.
Know Your Vendor™ solution helps our clients mitigate supply chain risks by providing a consolidated panorama for due diligence on third parties. Using the most recent technologies to monitor your supply chain, it allows to import your vendors and assigns to each of them a questionnaire, which is a critical step for the due diligence. You can follow the progression of the due diligence in real time and access the report and scoring at a click of a button.
- Manual creation of vendors and sub-vendors
- Import database of vendors and sub-vendors
- Classification scheme and tag system
- Status of due diligence completion within the supply chain
- Communication Channel between our client and our team
- User-friendly dashboard with search functions and filtering
Our client can decide for each vendor whether or not it should be subjected to a due diligence and to which level. Onboarding can be done either by our client’s compliance team or via an invitation to the vendor to fill a questionnaire.
- Customized compliance questionnaire
- To be filled either by your compliance team or by vendor
- Onboarding feature for vendor with compliance questionnaire
- Uploading of all corporate documents by vendor
Our client may order due diligence based on built-in predefined packages.
- Tailored-made due diligence packages
- Order due diligence based on risk levels
- Follow-up discussion board on screening process
- Overview of screening’s status
- Scoring
- Access to due diligence reports
Contact Us
Know Your Vendor™ is here to provide you with more information, answer any questions you may have and create an effective solution for your professional needs.
