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Vendor & Third-Party Risk Management

Builds on VendorGraph to identify conflicts and collusion

Vendor & Third-Party Risk Management

Protect your organization from vendor-related risks with our comprehensive third-party risk management solutions. Leverage VendorGraph technology to identify conflicts, detect collusion, and ensure vendor integrity.

Comprehensive Vendor Risk Management

Our vendor risk management solutions combine advanced analytics, relationship mapping, and automated monitoring to protect your organization from third-party risks.

Risk Detection

95%

accuracy in risk identification

Performance Improvement

40%

improvement in vendor performance

Risk Reduction

60%

reduction in supply chain risks

Risk Categories

Comprehensive risk assessment across four key categories to ensure complete vendor oversight.

Risk Category

Financial Risk

Assessment of vendor financial stability and creditworthiness.

Credit rating analysis
Financial statement review
Payment history assessment
Bankruptcy risk evaluation
Risk Category

Operational Risk

Evaluation of vendor operational capabilities and reliability.

Service delivery capability
Quality management systems
Operational capacity
Business continuity planning
Risk Category

Compliance Risk

Assessment of vendor compliance with regulations and standards.

Regulatory compliance status
Certification and accreditation
Legal and regulatory issues
Ethics and integrity assessment
Risk Category

Reputational Risk

Evaluation of vendor reputation and potential brand impact.

Public reputation assessment
Media and news monitoring
Customer satisfaction ratings
Industry standing evaluation

Our Vendor Risk Services

Six core service areas designed to provide comprehensive vendor risk management.

Core Service

Vendor Master Health Checks

Comprehensive assessment of vendor master data quality and integrity.

Data quality assessment
Duplicate vendor identification
Incomplete record detection
Data standardization
Core Service

Beneficial Ownership & Relationship Mapping

Map complex vendor relationships and identify beneficial ownership structures.

Ownership structure mapping
Relationship network analysis
Conflict of interest detection
Shell company identification
Core Service

Conflict-of-Interest Monitoring Systems

Implement automated systems to detect and monitor conflicts of interest.

Automated conflict detection
Real-time monitoring systems
Alert and notification systems
Compliance reporting
Core Service

Supplier Risk Scoring Model Implementation

Develop and implement comprehensive supplier risk scoring models.

Risk scoring algorithms
Multi-factor risk assessment
Risk tier classification
Dynamic risk updates
Core Service

Third-party Audit Support & Remediation

Support for third-party audits and remediation of identified issues.

Audit preparation support
Remediation planning
Compliance monitoring
Follow-up assessments
Core Service

Vendor Performance Analytics

Advanced analytics to assess vendor performance and identify improvement opportunities.

Performance metrics tracking
Trend analysis and reporting
Benchmarking and comparison
Improvement recommendations

VendorGraph Capabilities

Advanced technology capabilities that power our vendor risk management solutions.

Relationship Mapping

Map complex vendor relationships and ownership structures.

Ownership mapping
Relationship analysis
Network visualization

Risk Assessment

Comprehensive risk assessment using multiple data sources.

Multi-factor scoring
Risk tier classification
Dynamic updates

Conflict Detection

Automated detection of conflicts of interest and collusion.

Real-time monitoring
Automated alerts
Compliance reporting

Performance Analytics

Advanced analytics for vendor performance and optimization.

Performance tracking
Trend analysis
Benchmarking

Implementation Process

A structured approach to implementing comprehensive vendor risk management.

01

Vendor Assessment

Comprehensive assessment of existing vendor base and risk profile.

2-3 weeks
02

Risk Model Development

Develop and implement vendor risk scoring models and frameworks.

3-4 weeks
03

Monitoring Implementation

Implement automated monitoring systems and conflict detection.

4-6 weeks
04

Ongoing Management

Establish ongoing vendor risk management processes and reporting.

2-3 weeks

Vendor Risk Management Success Stories

Real-world examples of how we've helped organizations manage vendor risks effectively.

Financial Services

Challenge

Vendor conflicts of interest and shell company schemes

Solution

Implemented comprehensive vendor risk management with beneficial ownership mapping

Result

Identified 15 shell companies and prevented KES 30M in fraudulent transactions

Manufacturing

Challenge

Poor vendor performance and supply chain disruptions

Solution

Deployed vendor risk scoring model with performance analytics and monitoring

Result

Improved vendor performance by 40% and reduced supply chain risks by 60%

Retail

Challenge

Vendor master data quality issues and duplicate vendors

Solution

Conducted vendor master health check with data cleansing and standardization

Result

Eliminated 25% duplicate vendors and improved data quality to 95%

Ready to Manage Vendor Risks?

Protect your organization from vendor-related risks with our comprehensive third-party risk management solutions.