Compliance Solutions to manage Third Party Risks
The Red Flag Group provides compliance solutions for the management of your channel, or resellers and suppliers. Management of these third parties is an essential part of managing your company’s own compliance system.
The Red Flag Group third party compliance solutions are designed:
- For your company to manage its relationships and compliance with third parties, and
- For the third parties themselves (see The Red Flag Group SME solutions)
They are designed to address three main areas:
- Selection of third parties
- Training of third parties
- Audit of third party compliance systems
- Management and recording
These three key areas are managed through The Red Flag Group’s ComplianceDesktop compliance management software. It includes:
The Red Flag Group Third Party Compliance Solutions includes:
-
Selection
- Relationship selection and approval policy creation
- Integrity analysis and due diligence of the proposed third party, provided by The Integrity Portal
-
Training
- A range of fully customized e-learning solutions ranging from a 15 minute third party code of conduct e-learning program available online for the training of trading partners, to a suite of e-learning products for a range of issues
- Optional face to face workshop training for third parties
-
Audit
- A range of audit solutions where experienced Red Flag Group compliance professionals conduct detailed internal control and testing on the third party
-
Management and Reporting
- A web based compliance reporting tool for the reporting of compliance deficiencies by your third parties (which supports unanimous reporting)
- The use of the Red Flag Group’s ComplianceDesktop service to manage all of these aspects through our unique secure online management tool
- Experienced compliance officers and legally trained resources available for ad-hoc deployment
Benefits
- Repeatable solutions across multiple countries and industries
- Online recording and completion reporting for of all e-learning training
- Ready-made solutions for urgent deployment