Sembcorp turned to Ethixbase360 in 2020 to provide a third-party risk management solution that met its unique needs. Now, Sembcorp can better assess its partners, automate risk management tasks and report to regulatory authorities efficiently.
At a glance
Sembcorp Industries (Sembcorp) is a leading energy and urban solutions provider that has expanded to work with more partners, suppliers, agents, contractors and other third-party providers in recent years. With this in mind, the company needed stringent Know Your Customer (KYC) processes to protect it from any potential counterparty risk exposure.
By integrating the Ethixbase360 core risk management solution, Sembcorp has been able to gain visibility into its supply chain activities, generate clear reports and automate due diligence tasks.
After incorporating the Ethixbase360 third-party risk management solution in 2020, Sembcorp has seen progressive change with organizational efficiency, process automation, and compliance reporting.
Download this case study today to learn more about the third-party risk and due diligence solutions that are helping Semcorp audit its third-party relationships as it grows, or alternatively reach out to us and arrange a demo to find out how we can help you and your business with your third-party due diligence program.