Business Partner Due Diligence
Our web- and workflow-based IT Business Partner Due Diligence solution covers the entire (end-to-end) business partner due diligence life cycle; that is to say from data collection, verification and validation of data, the evaluation of results, the approval process within the given workflow (hierarchy), and to quality control of the business partner’s work and payment due diligence.
Permanent Screening & Monitoring
Screening and assessing sanction, PEP, black, and watch lists as well as adverse media constitutes the core of a business partner due diligence. The due diligence generally occurs in connection with the business partner’s on-boarding process. Nevertheless, business partners should also be screened and monitored on a regular basis through an IT-based solution.
With our web- and workflow-based IT solution, standard risk management processes can be enhanced very efficiently, that is to say from assembling data to reviewing and assessing information, documenting decision-making processes and re-using results for future analysis. In addition, the collected data can be further processed across dedicated workflows.
With our web- and workflow-based IT solution, standard self-assessment processes can be implemented very efficiently. It covers collecting and assessing information, documenting decision-making processes and re-using results for future analysis.
High Risk Transactions
Compliance is usually involved in the decision-making process of high risk cases. The reasons vary why risks are high such as because of a very high business volume, investment need, or special region. A clearly structured decision-making process efficiently supports an audited-proofed project management.
Compliance Case Management
Compliance’s main tasks are case management and documentation. With a web- and workflow-based case management, very significant efficiencies can be achieved and it facilitates the daily work of compliance officers. They are able to document decision-making processes very efficiently in an audited proofed way. Information can be easily collected and presented.
Continuous Controls Monitoring
Compliance processes need to be monitored and controlled continuously to be effective. With the support of automated alerts and integrated controls process certain risk indicators are reviewed permanently and respective measures are taken.
Operating a whistleblowing system is accepted as an industry-standard nowadays. It is not sufficient to provide a phone number or email address. Rather, a workflow should be implemented to enable a confidential communication efficiently and audited-proofed to protect the whistleblower, the company as well as the targeted person.
Competitor Contact Register
Employees’ participation in associations and other competitor contacts are recorded, evaluated according to certain criteria risk based and released or prohibited. The IT solution is also linked to the training system and checks whether the employees have been trained accordingly. Following the association meetings, the documents are recorded and systematically evaluated.
Full Service: Consulting, Implementation and Support
We offer a continuous and close cooperation with our customers. Together with our customers, we assess and find solutions for their business needs.
Our compliance and legal specialists support you in analyzing your business needs, bench marking, best practices comparison, and business processes/workflows planning. We use well-established methods and through our interdisciplinary knowledge in process- and IT-management we translate for you your business requirements into tailor-made applications and business processes.
As soon as the applications and business processes have been defined, our IT specialists implement and integrate these in the company-wide IT environment. Due to our close cooperation and our very agile project management, you quickly and continuously receive results which you can test. In addition, project risks can be identified at a very early stage in the process and, accordingly, erroneous developments can be avoided.
After the roll-out, our monitoring and reporting features enable you to identify areas of potential improvements. In addition, your business process and applications can be continuously adapted to changing requirements. We offer you on a continuous basis a competent and very agile support. Moreover, we take care of operating and monitoring your systems.