Business Partner Due Diligence Software System
Compliance Solutions’ Business Partner Due Diligence System covers everything involved in verifying business partners’ integrity, and it provides companies with a complete, digitalised, automated solution.
The software systems enable effective business partner due diligence. They comply with the complex FCPA legal requirements, the UK Bribery Act and national laws.
Compliance Solutions’ Business Partner Due Diligence System allows users to examine and detect potential risks, such as corruption and money laundering, in business relationships at an early stage via an audit-proof process. It enables managers to rapidly take the appropriate measures to prevent corruption and prevent companies from suffering damage.
Corporations with the highest requirements such as Daimler AG or E.ON SE have decided to use the MCS Business Partner Compliance System from Compliance Solutions after extensive market analysis and international tenders. And for good reason: They rate it by far as the most powerful system for business partner due diligence available on the market.
Permanent Screening & Monitoring
Compliance Solutions’ Business Partner Due Diligence spans the entire business relationship life cycle – from onboarding to offboarding. It 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 the steps are audit-proof and implemented in a guided process with defined roles to reduce the risk for the company. As an EU provider, Compliance Solutions naturally complies with all security standards and the General Data Protection Regulation (GDPR).
“The key factors in the decision to choose Compliance Solutions were the quality of the platform, the individual support and an IT solution for business partner auditing that was specially adapted to E.ON’s needs.”
Markus Jüttner, Vice President Group Compliance E.ON SE
Compliance Solutions’ Business Partner Due Diligence systems have been developed taking into account the toughest quality requirements for international companies, and they are in use around the world, doing due diligence on business partners. In the context of money laundering laws, they minimise the risks, such as corruption and money laundering, that companies face.
Leading Provider of Digital Legal & Compliance Solutions
Compliance Solutions is one of the first providers to systematically develop an all-embracing compliance platform that maps every aspect of digital compliance in an integrated software system. The result is the MCS Compliance Platform, which is currently the most powerful compliance platform in the marketplace. In the business partner due diligence area, the MCS Compliance Platform includes the following systems for verifying business partners, suppliers and customers:
- Business Partner Compliance System
- Supplier Due Diligence System
- Know Your Customer Due Diligence System
The systems can be deployed both as one-off solutions and as a group of systems within the MCS platform landscape. Alongside standard solutions, Compliance Solutions also provides enterprise solutions that can be flexibly customised to meet specific needs.
Our legal & compliance experts are ready to advise you
If you are thinking about implementing a digital business partner due diligence system, or if you would like to book a product demonstration, please use our contact form, call us on +49 711 217 232 92 or write us an email