Business Partner Due Diligence Software System
The Business Partner Due Diligence from Compliance Solutions covers all aspects of the integrity check of business partners, suppliers, sellers, customers and future acquisitions. It offers a holistic, digitized and automated solution for companies.
The software systems guarantee an effective Business Partner Due Diligence. They meet the complex law requirements of the FCPA, UK Bribery Act and national legislation.
With Compliance Solutions’ Business Partner Due Diligence, potential risks such as corruption or money laundering in business relationships, mergers and acquisitions are checked and identified at an early stage using an audit-proof process. It enables responsible companies to promptly initiate the appropriate measures to prevent corruption and avert damage to the company.
Permanent Screening & Monitoring
The Compliance Solutions Business Partner Due Diligence covers the entire life cycle of the business relationship – from onboarding to offboarding. The investigation of the due diligence process includes:
- Upfront Risk Assessment
- Detailed examination of the business partner (e.g. supplier, seller, buyer, customer) including survey
- Sanctions list check (PEP, blacklists, adverse media)
- Automated risk assessment and setting of red flags
- Risk assessment of business partners
- Permanent screening and monitoring for the immediate identification of new risks
- Compliance audits
All investigation steps are implemented in an audit-proof and guided process with defined roles, to reduce the risks for the company. As an EU provider, Compliance Solutions meets all security standards such as the General Data Protection Regulation (GDPR).
“The quality of the platform, the individual support and an IT solution specially adapted to E.ON’s needs for Business Partner Due Diligence were decisive for the selection of Compliance Solutions.”
Markus Jüttner, Vice President Group Compliance E.ON SE
The Business Partner Due Diligence systems from Compliance Solutions were developed taking into account the highest quality requirements for internationally operating organizations and are used worldwide to examine business partners. In accordance with the Money Laundering Act, this minimizes risks such as corruption or money laundering for corporations.
Leading Provider of Digital Legal & Compliance Solutions
Compliance Solutions was one of the first providers to systematically develop a comprehensive Compliance Platform (Compliance Management System) that covers all aspects of digital compliance in an integrated software system. The result: the MCS Compliance Platform, which is currently the most powerful compliance platform on the market.
In the area of Business Partner Due Diligence, the MCS Compliance Platform offers the following systems for checking business partners, suppliers and customers:
- Business Partner Compliance System
- Supplier Due Diligence System
- Know Your Customer Due Diligence System
The systems can be used both as single solution or in a system network within the MCS Compliance Platform landscape.
In addition to the Standard Solutions, Compliance Solutions also offers Enterprise Solutions that can be flexibly adapted to individual needs.
Contact Our Legal & Compliance Experts
If you are considering implementing a digital Business Partner Due Diligence or just want more detailed information on the subject, please give us a call on +49 711 217 232 92 or use our contact form.