Know Your Business Partner
RiskCenter KYBP
Know Your Business Partner
Third-Parties Are a Source of Significantly Increasing Risk
Criminal liability and fines, disgorgement of profits, forfeiture of assets and loss in share value--these are the consequences companies face for failing to prevent illegal or unethical activity by the third parties with which they work. Today's regulatory and reputational risks coincide with an increasingly complex global business landscape. Compliance teams managing extended supply chains are often multinational units themselves--working across global offices to assess huge volumes of third-parties with information from a variety of sources.
Adopting a Risk-Based Approach
Organizations need to be confident in their understanding of where third-party risk lies and effective in focusing efforts on the highest risks. Due diligence must be a continuous process with current, relevant data and technology applications should drive efficiency and facilitate collaboration. Introducing RiskCenter KYBP--the workflow tool for managing risk across the entire lifecycle of your business partner relationships. Developed in consultation with legal experts and former regulators, the tool seamlessly integrates Dow Jones' trusted data and due diligence tools to ensure each stage of third-party risk management is effective, efficient, and compatible with the rest of the workflow.
End-to-End Service from One Trusted Provider
Automate your process for onboarding and third-party risk management with a platform that unites world-class data, scalable due diligence and workflow-driven technology to deliver an unrivaled interoperable experience.
Components and Capabilities
CENTRALIZED DATA
Dow Jones risk data Internal data sources Additional external data
Audit trail and reporting
Key Advantages
Legally led in content and function Leverage workflow design, risk assessment questionnaires and risk scoring functions developed in partnership with Global 100 Law Firm Pinsent Masons LLP and a former Department of Justice prosecutor.
Built for global scalability Centralize the collection, analysis and risk screening of third party data across your business with user management options to ensure visibility and accountability among different roles and groups. Multi-lingual capabilities allow rapid adoption by non-English speakers.
Seamlessly integrated with proprietary, world-class risk data Access the reliability and granularity of Dow Jones risk data, including our Watchlist, sanctions data and adverse media coverage. Regular monitoring and meticulous attention to data integrity ensure that changes affecting
the risk profile of your suppliers or contractors are flagged automatically.
Secure by design ISO27001 certification ensures your data remains safe and secure in a data center location that suits your legal needs. Order, receive and store due diligence reports inplatform and rely on full audit and reporting functionality across risk assessment and remediation steps.
Customizable to your structural and business needs Configure RiskCenter KYBP to the essential elements of your workflow--designed for quick implementation-- or speak to a specialist about our options for more extensive customization packages.
Request a demo: risk@
? 2018 Dow Jones & Company, Inc. All rights reserved.
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