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Minimize the Threat of Non-Compliance with Third-Party Compliance Software
Enhance clarity and control of compliance measures throughout your supply chain
SOLUTIONS BY ROLE: Risk & Compliance
Compliance is becoming more complicated. Let Ethixbase360 do the heavy lifting
Ethixbase360 supports your mission to maintain a balanced risk appetite based on accurate third-party screening information.
Automated Workflows
In a landscape where greater supplier diversity supports success, compliance specialists are expected to vet and monitor more third parties than ever before. Through Ethixbase360, you can reduce the burden on your compliance teams by configuring automated workflows that trigger appropriate escalation in response to risk assessment results and monitoring alerts–freeing you to focus on more urgent tasks.
Automated Risk Rating
Every company does risk rating differently, but one thing is for sure: Manual processes are no longer sufficient for accurately mapping risk at an acceptable rate. Ethixbase360's configurable automated risk ratings lets you keep pace with your evolving third-party network. You can mix and match your own custom configurations with our existing library of risk sources to create assessments for 100% of your supply chain.
Robust Training
Third parties enter your network at different levels of compliance preparedness, and it’s up to your teams to bring each partner up to speed. Ethixbase360 makes it simple to educate and certify third parties on compliance issues like ethics and anti-corruption, code of conduct, policies and more. With automatic periodic reviews, the platform ensures third parties consistently receive the right training at the right time.
International Standards
Managing a supply chain with points around the world means facing challenges in compliance with international law as well as navigating language barriers. The Ethixbase360 platform facilitates compliance with Lieferkettengesetz (LkSG) and modern slavery regulations, and provides questionnaires as well as Enhanced Due Diligence in more than 35 languages. With these tools, location and language are no longer a barrier to compliance.
Explore, Enhance, Engage
Safeguard your reputation with a 360° view. Try EthixBase360 now.
Resources
Our Latest News, Case Studies, Webinars & More
Compliance Social December
Ethixbase360 is delighted to team up with the organizers of the DC Compliance Socials to help launch the first-ever New […]
Maximizing Your Compliance Budget: Strategic Planning for Fiscal Year-End and Beyond
Date: Wednesday, December 11, 2024 Time: 12:00 pm – 1:00 pm EST In today’s volatile business climate, justifying your compliance budget can […]
eBook: From Policy to Practice – Mastering CSDDD Implementation
Unlock the Future of Sustainable Business Practices The Corporate Sustainability Due Diligence Directive (CSDDD) represents a monumental shift in how […]
CSDDD Training Camp – Preventative & Remedial Actions
Get ready to navigate the complexities of the European Union’s Corporate Sustainability Due Diligence Directive (CSDDD) with practical guidance from […]
Regulatory Updates and Best Practices for Companies in South East Asia
Webinar Summary In honor of International Anti-Corruption Day, we’re bringing together industry leaders to provide essential insights on the evolving […]
Strengthening Global Risk Management in Healthcare: A Case Study on Third-Party Compliance
Boosting Compliance and Reducing Risk for a Global Eyecare Leader In a high-risk regulatory environment, a leading global eyecare company […]Third-Party Compliance FAQ's
Ethixbase360 is a robust third-party risk management platform that is designed to help businesses identify, assess, mitigate and report on third party risks associated with their value-chain. It offers a scalable platform and modular point solutions for managing third-party anti-bribery & corruption, modern slavery, and ESG (Environmental, Social, and Governance) risks.
At its core, Ethixbase360 allows businesses to configure the platform to their specific needs. Underpinned by the Ethixbase360 Explore, Enhance, Engage methodology Ethixbase360 offers risk proportionate solutions for efficiency and speed. From automating low-touch screening of the entire network to providing enhanced due diligence and hands-on engagement for key suppliers and intermediaries.
In summary, Ethixbase360 enables companies to proactively manage third party risk throughout their value chain by providing a comprehensive solution that encompasses risk assessment, due diligence, and engagement and ongoing management strategies.
Third-party compliance is essential for businesses to mitigate legal, financial, reputational, and operational risks associated with their third-party relationships. By implementing rigorous compliance measures, organisations can uphold regulatory requirements, protect sensitive data, prevent potential legal violations, maintain brand reputation, and ensure ethical business practices throughout their supply chain, value chain or partner network.
It helps organisations manage regulatory requirements by providing a centralized platform to assess and monitor third party compliance, track regulatory changes and updates, automate compliance workflows, store and manage compliance-related documents, and generate reports to demonstrate adherence to relevant regulations and standards.
Ethixbase360 has a number of modules that assist in remaining compliant such as:
