Businesses need to manage third-party risk as part of a comprehensive compliance program to protect their brand & avoid exposure to bribery and corruption. Compliance, Legal & Procurement Professionals are increasingly implementing processes and systems that assess risk and need to focus on the greatest threats among vendors and third-parties. With business pressure to move quickly & efficiently, the onboarding process is a key area of opportunity to achieve or loose competitive advantage; verifying 3rd parties, determining risk, and creating visibility for your stakeholders are key to an effective program, but this is often a manual processes which does not make the best use of your knowledge workers.
During this webinar, Amy Hayenhjelm and Neil Isherwood from Dun & Bradstreet will address these pain points, and provide practical recommendations for faster & efficient onboarding and successful managing third party compliance.
Attendees will learn how to:
Find ways to segment your portfolio by Risk to allow you to easily onboard and manage less risky customers while having time to really scrutinize those that are working in risky industries and/or countries or have shown signs of non-compliant behavior in the past
Identify business entities, the people connected to the entities and verify that the data supplied on those entities provides a holistic picture
Leverage automation to assist you with collecting the data you need to manage your compliance program
Neil Isherwood, Due Diligence Subject Matter Expert - Dun & Bradstreet
Amy Hayenhjelm, Leader, Global Compliance Products - Dun & Bradstreet