Risk-oriented third party check
BKMS® Third Party
BKMS® Third Party is a risk-oriented, company-wide application for assessment and approval of business partners. It is the only third party check of its kind to support the entire process from the business partner evaluation to onboarding and regular follow-up evaluations.
The web-based application ensures systematic and structured procedures as well as tamper-proof documentation of the evaluation process. At the same time, BKMS® Third Party is so flexible that it can be customised for the individual processes of the company without sacrificing user friendliness. The structure of the application is also oriented around the risk matrix of the customer. Information from external tools such as research databases (e.g. Dow Jones Risk & Compliance, Lexis Diligence, etc.) can be seamlessly integrated into the application and taken into account in the results of an assessment.
Risk-based business partner due diligence
The processes of business partner due diligence are risk-based and can be adapted to the customer-specific rules matrix.
The automated implementation and integration of information sources and external tools, such as research databases, can be tailored to the customer’s needs.
Highly secure platform
Highly secure platform for worldwide use – systematic, structured and consistent.
The guided workflow and rules-based approval enable a systematic evaluation process from the onboarding to regular follow-up evaluations.
Any number of employees and business partners
Any number of employees and business partners can be integrated into the process.
The integration of post-approval processes allows for continuous updating of all business partners.
Self-assessment of the business partner
The self-assessment of the business partner can be entered directly within the application.
The highly secure application is available 24/7 worldwide in over 65 languages.
Management reporting and analyses
The web-based ASP solution supports management reporting and analyses.
The application guarantees tamper-proof documentation of the evaluation.
Workflow-based third party check – efficient, dependable and highly secure
By providing potential business partners with access to the application by means of a special portal, the required self-assessments can be easily integrated into the process. BKMS® Third Party is designed to situate the onboarding workflow within the operational units while also enabling rapid, efficient and, in particular, pragmatic and dependable business partner evaluation and approval.
In principle, every employee of the organisation can onboard potential business partners in the application and compile the information required for the decision on collaboration with the help of the application. Users with specific rights in a corresponding approval role then receive the information, evaluate it and make the decision on collaboration with the potential partner. The web-based ASP solution for the third party check is implemented on the highly secure BKMS® platform and is available worldwide 24/7.
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BKMS® Compliance System