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Third Party Procurement Software : Secure Your Sources
Ensure your third parties deliver value while minimizing compliance risk
SOLUTIONS BY ROLE: PROCUREMENT
Selecting the right suppliers isn't tedious and time-consuming with Ethixbase360
Our platform provides the tools you need to shorten the procurement cycle and deliver greater value through efficiency and risk mitigation.
Efficient Screening
One of the most challenging elements of procurement is the screening process. Beyond finding a supplier that provides the necessary goods and services at the right cost, you’re responsible for making sure each potential third party doesn’t bring undue risks to the table. Ethixbase360’s proportionate risk reports remove the guesswork by screening out unsuitable partnerships so you can make strategic procurement decisions.
Streamlined Due Diligence
Beyond initial third-party screenings, understanding the potential impact of each candidate to your risk ecosystem is crucial. With Enhanced Due Diligence, Ethixbase360 empowers you to extract intelligence that will allow your company to mitigate risks and initiate action when necessary. A 12-month monitoring period ensures a comprehensive view of how your third parties approach and control compliance.
Global Opportunity
Regardless of industry, your procurement efforts likely need to reach beyond your borders in order to secure the greatest value. However, dealing with suppliers in other countries means accepting the risk inherent in language barriers–unless you’re using Ethixbase360. Due diligence analysis in more than 35 languages and multilingual questionnaires help break down barriers so you can vet potential partners located anywhere in the world.
Improved Time to Value
You select third-party partnerships on the basis of the value they provide to your company. The longer the screening and onboarding process takes, the longer it takes for that value to become apparent. Using Ethixbase360, you can configure and automate workflows that make your selection and onboarding process faster and less intensive for your teams so you can see ROI quicker than ever.
Capabilities
Risk Assessment
Assess risk across your third parties with automated risk ratings defined by your criteria
Screening & Monitoring
Safeguard your business and ensure compliance with instant screening, false positive remediation, and
continuous monitoring.
Enhanced Due Diligence
Dig deeper with enhanced intelligence on your third parties and their associates anywhere in the world
Explore, Enhance, Engage
Safeguard your reputation with a 360° view. Try EthixBase360 now.
Resources
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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
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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 […]
