Know Your Vendor™ Solution

Mitigating Third-Party Risk

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.

Ask a demo
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

Asset Misappropriation

85%

Corruption

37%

Financial Statement Fraud

9%

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

« Identification of the background of your future business partner »

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.
Trusted and Secured
Using a certificate SSL, all the datas are encrypted.
Multiple Languages
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.

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.