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.

Benefits

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.

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Benefits

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.

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Benefits

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.

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Benefits

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.

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