KYC Portal CLM’s Post

Supply chain due diligence has never been more critical in a landscape of complex regulations and global challenges. KYC Portal CLM is transforming how organisations manage supplier and vendor onboarding by streamlining processes, reducing risks, and ensuring compliance across industries. With features like the Single Customer View, embedded customer outreach, and dynamic policy engines, KYCP enables businesses to achieve: 🔵 63% increase in operational efficiency 🔵 55% reduction in onboarding times 🔵 Real-time risk assessment and automated policy adaptation Whether it's banking, logistics, or oil & gas, KYCP's fully configurable platform empowers teams to manage due diligence with precision, cutting costs and enhancing relationships with stakeholders. Stay ahead of regulatory demands and future-proof your supply chain operations with KYCP. #SupplyChain #DueDiligence #Compliance #Automation

From Cost Center to Strategic Enabler: The Evolution of Compliance and Procurement   Over the past 20 years, we’ve witnessed remarkable transformations in both compliance and procurement functions. These roles have evolved from being mere cost centers to becoming strategic enablers, crucial for achieving functional and business goals.   Adapting to a Globalised Economy   In today’s globalised economy, business relationships span across borders and online platforms. This new reality brings shared challenges for procurement and compliance professionals, who must identify, screen, and gain visibility into the ownership structures of suppliers, manufacturers, distributors, and customers worldwide. Despite being treated separately in some organizations, both functions share similar priorities: conducting due diligence, mitigating risk exposure, and reducing costs.   Transition from Point-in-Time to Perpetual Know Your Customer (PKYC)   Traditionally, 73% of risk identification efforts were devoted to due diligence and recertification, with only 27% focused on ongoing risk monitoring. To be ‘Future Ready,’ leading CPOs/CSOs and COOs are adopting a Perpetual KYC model. This approach provides an always-on view of customers and suppliers, with AI-driven triggers to monitor changes, reducing manual activities, lowering costs, mitigating risks, and protecting brand reputation.   For a deeper dive into how you can automate third-party compliance and stay ahead in this evolving landscape, check out Dun & Bradstreet's latest eBook: Perpetual KYC Guide: Automating Third-Party Compliance   #compliance #procurement #intergratedriskmanagement

🚀 The Future of Supplier Compliance Management: SecureCert Emma Moss MCIPS , VP Global Supplier Management & Supplier Sustainability Programs at Deutsche Post und DHL, recently shared some valuable insights in the WBR Insights - Procurement 2024 European CPO Report by WNS Denali and ProcureAbility. She stated: "Supplier risk management is a key area where AI can bring value. The amount of data we are expected to have on not only our first-tier suppliers but suppliers throughout the supply chain is so large—for some companies, that will be for thousands of suppliers. It’s simply not manageable with the systems and processes that we currently have. That's where I see AI bringing the most value, taking all of that data and presenting it to the buyer and telling them where their focus should be." 📈 But how do you sole the problem? Here’s where SecureCert steps in! Our platform revolutionizes how businesses manage ESG and human rights compliance. SecureCert's Upload, Verify, and Share model provides verified compliance data across multiple suppliers, from tier 1 to tier N. Our system not only reduces the time and effort needed to gather compliance evidence but also helps prioritize risk by identifying critical suppliers and risk areas. 💡 Seamless Data Upload: Suppliers can easily upload verified compliance reports, ensuring accurate data is readily available. 💡 Risk-Based Verification: AI-enhanced verification helps companies quickly assess high-risk suppliers and prioritize audits. 💡 Effortless Collaboration: Through a shared ecosystem, companies can leverage verified compliance data from trusted partners, reducing duplication of effort. 💡 Focused Insights: AI-driven dashboards and insights let procurement teams focus their efforts where it matters most—helping mitigate risks across thousands of suppliers. 🔗 Ready to bring your supplier risk management into the future? Let’s talk about how SecureCert can make compliance easy and efficient for your business. #SupplierRisk #AIinProcurement #ESGCompliance #SecureCert #Sustainability #RiskManagement #HumanRightsCompliance #SupplyChain

Navigating the complexities of #EUDR compliance can be a daunting task for any organisation. The journey often begins with a realisation of how much we don't know about our own supply chains. The C-Map software aids in product tracing, automated risk assessments, and document management, ensuring that your company not only meets compliance requirements but also upholds sustainability and ethical sourcing standards. Learn more about Source Intelligence's EUDR solution: https://lnkd.in/e6dRVbRX #deforestation #supplychain #compliancesoftware #Sustainability #Compliance

As DORA (Digital Operational Resilience Act) sets higher standards for financial institutions, vendor management becomes crucial for compliance. With DORA requiring rigorous risk assessments and operational resilience, managing third-party vendors effectively is key to safeguarding your organization from potential breaches or compliance lapses. Vendifi simplifies DORA compliance by automating workflows, centralizing vendor documentation, and offering customizable reporting to help you stay ahead of regulatory requirements and mitigate risks. Ensure your organization is DORA-compliant with proactive vendor management. #DORACompliance #VendorManagement #RegulatoryCompliance #Vendifi

🔒 Mitigating Risk: Essential Tips for Compliance Officers at Small Broker Dealers 🔍 Navigating the complex landscape of regulatory compliance can be particularly challenging for small broker dealers. Here are some actionable tips to help you reduce risk and enhance your compliance efforts: 1️⃣ Robust Policies and Procedures: Establish comprehensive policies and procedures tailored to the specific needs and risks of your firm. Regularly review and update them to reflect regulatory changes and evolving best practices. 2️⃣ Training and Education: Invest in ongoing training programs to ensure all staff members understand their compliance responsibilities. Keep them informed about regulatory updates and provide guidance on implementing compliance measures effectively. 3️⃣ Implementing Technology Solutions: Leverage technology to streamline compliance processes and enhance monitoring capabilities. Utilize automated systems for trade surveillance, customer due diligence, and transaction monitoring to detect and prevent potential violations. 4️⃣ Strong Internal Controls: Implement robust internal controls to detect and mitigate compliance risks effectively. Conduct regular internal audits to assess the effectiveness of controls and identify areas for improvement. 5️⃣ Proactive Regulatory Engagement: Stay proactive in engaging with regulatory authorities to seek guidance and clarification on compliance requirements. Participate in industry forums and conferences to stay informed about regulatory developments and best practices. 6️⃣ Outsourcing Compliance Functions: Consider outsourcing certain compliance functions to specialized third-party providers, especially if resources are limited. Ensure that any outsourced arrangements are carefully managed and monitored to maintain compliance standards. 7️⃣ Cultivating a Compliance Culture: Foster a culture of compliance throughout the organization by promoting accountability and integrity. Encourage open communication channels for reporting potential issues and provide support to staff members in fulfilling their compliance obligations. By prioritizing these strategies, small broker dealers can strengthen their compliance framework and effectively manage regulatory risks. Let's continue to collaborate and share insights to uphold the highest standards of compliance excellence. #Compliance #BrokerDealers #RiskManagement #RegulatoryCompliance #Training #Technology #InternalControls #ComplianceCulture Feel free to share your experiences and additional tips for reducing compliance risk in the dynamic financial services industry!

🌟 Compliance Made Smarter: Unlock the Power of Unified Audits! 🌟 Imagine a compliance process that's not a burden but a strategic advantage. With unified audits, it's possible! Gone are the days of fragmented frameworks and duplicated efforts. Unified audits consolidate frameworks into a single platform, making compliance more efficient and impactful. Eliminate risk of non compliance by 90% Reduce compliance failures by 15-20% Save Staff time by 20-25% SISA's latest whitepaper dives deep into how this innovative approach transforms compliance. https://lnkd.in/gzD6idxQ

🌟 Compliance Made Smarter: Unlock the Power of Unified Audits! 🌟 Imagine a compliance process that's not a burden but a strategic advantage. With unified audits, it's possible! Gone are the days of fragmented frameworks and duplicated efforts. Unified audits consolidate frameworks into a single platform, making compliance more efficient and impactful. Eliminate risk of non compliance by 90% Reduce compliance failures by 15-20% Save Staff time by 20-25% SISA's latest whitepaper dives deep into how this innovative approach transforms compliance. https://lnkd.in/gzD6idxQ

🌟 Compliance Made Smarter: Unlock the Power of Unified Audits! 🌟 Imagine a compliance process that's not a burden but a strategic advantage. With unified audits, it's possible! Gone are the days of fragmented frameworks and duplicated efforts. Unified audits consolidate frameworks into a single platform, making compliance more efficient and impactful. Eliminate risk of non compliance by 90% Reduce compliance failures by 15-20% Save Staff time by 20-25% SISA's latest whitepaper dives deep into how this innovative approach transforms compliance. https://lnkd.in/gzD6idxQ

Ever partnered with a supplier who seemed great, then...? We've all been there. That's why smart businesses use the Business Information Report (BIR), which is like a supercharged background check on your supplier! ️ Why play guessing games? A BIR helps you: • Dodge dodgy deals: Say goodbye to financially unstable suppliers and surprise compliance headaches. • Simplify supplier decisions: Choose suppliers with confidence, knowing your potential supplier’s financial situation and legal and compliance track record. • Build trust from the start: Transparency is key! Start partnerships on the right foot. Here's how Rubix BIRs can benefit your organisation: • Enhanced Risk Management:Identify potential red flags early on, from financial instability to compliance issues, allowing you to mitigate risk and protect your supply chain. • Informed Supplier Decisions:Gain valuable insights into a company's financial strength, enabling you to set purchase terms with confidence. • Streamlined Onboarding: Expedite the onboarding process of new partners by having critical information readily available, allowing you to focus on building strong relationships. • Improved Compliance:Ensure your suppliers meet all regulatory requirements, minimising your exposure to legal and reputational risks. Rubix BIRs go beyond the basics, offering a deeper level of analysis: • Financial Strength Assessment:Analyse a company's financial statements to understand their profitability, liquidity, and solvency. • Management Background Checks:Gain insights into the experience and reputation of a company's leadership team. • Compliance Verification:Verify a company's adherence to relevant statutory and regulatory requirements. • Litigation History Review:Identify any potential legal issues that could impact your partnership. • Social Media Sentiment Analysis:Understand a supplier’s reputation from the perspective of its customers and employees. Rubix BIRs provide the critical intelligence you need to build stronger, more resilient supplier relationships Call us today at 91-22-49744274 or email info@rubixds.com to experience how Rubix BIRs can transform the way you manage supplier risk and cultivate successful business relationships. . . . . #RubixBusinessInformationReport #RubixBIR #SupplierRisk #Supplier #RiskManagement #Compliance #Mitigate #Transparency #SupplyChain