Many organizations interact with an increasing number of business partners presenting them with several key risks:
The KYBP Platform helps organizations of all sizes across industries ensure compliance and quality along the entire value chain. The solution is modular, flexible and extendable across different risk areas allowing it to be easily tailored to specific clients needs. The fully automated and integrated end-to-end solution enables organizations to significantly reduce administrative overhead and costs. Transparent and audit-proof reporting of all business partner interactions guarantees full visibility for stakeholders at any time.
Key Features & Functionality
Business Partner Profiling & Screening- Onboarding and profiling of external business partners - Mandatory Sanctions & Embargoes list screenings
Risk Assessment- Standardized logic to determine and assess relevant risk areas
Management Plan- Systematic and automated mitigation plan- Structured performance of due diligences- Clear remediation measures to reduce relevant risk areas
Intelligent Documentation- Audit-proof documentation of all due diligences- Consolidation and archiving of all risk assessments of every service provided by the external business partner
Continuous and Live Monitoring- Frequent monitoring and tracking of results incl. periodic renewal of due diligences- Optional: live monitoring
Reporting- Transparent internal reporting
The KYBP Platform offers the following risk modules standard: Sanctions and Embargoes, Anti-Bribery and Corruption, Conflict of Interest, Confidentiality
Risk modules can be extended to cover the additional risk areas such as: Antitrust, Financial Stability, Product Security, Anti Money Laundering, Human Rights, Treasury, Cyber Security, Product Compliance, Data Protection
Benefits & Business Impact
© 2023 Appian. All rights reserved.