Protect your company’s reputation and revenue from the first time you engage with a supplier and throughout the supplier lifecycle.
Gartner lists compliance as one of seven supplier risks to manage.
Read their Market Guide To Supplier Risk Management.
Measure every supplier’s compliance against relevant regulatory standards.
Ensure that policies are in place, that they have the relevant credentials and you aren’t trading with prohibited entities.
Apply industry and geography-specific standards at onboarding then monitor compliance over time to maintain a log of activity.
Are regulations just a baseline in your broader ESG/CSR strategy? Explore sustainability risk management.
Ask the the right questions. Best-practice questionnaires in a user-friendly portal.
Integrate 100+ prohibited entity lists and 200+ PEP lists. Know who you do business with.
Capture compliance against laws that apply to their industry in relevant jurisdictions.
Use a database of over 100m suppliers to access supplier policies and other attributes.
Collect relevant information at unboarding and verify it automatically against government sources. Monitor for changes, newly prohibited entities and more.
Give your GRC and Vendor Management stakeholders access to the same verified information for all suppliers. Build regulatory compliance into workflows across the business.
The AI Risk Resolution Engine identifies potential compliance gaps and engages relevant stakeholders. It can halt payments to affected suppliers and track remediations where neccesary.
Embed your existing data sources alongside other supplier risks. You'll get a clearer picture of risk without disrupting your experts' processes.
apexanalytix protects $9T spend annually for the world's largest companies.
We might already work with your finance team. Speak with us to learn more.
Gain a unified view of all 7 key supplier risk factors identified by Gartner.
Then, add the industry-specific risks that threaten your business.