WE HELP ENSURE THE SUPPLIERS YOU SELECT MEET THE EXPECTATIONS OF YOUR INTEGRITY AND COMPLIANCE PROGRAMME.
Suppliers are a necessary part of every business. Our job is to ensure all your suppliers positively contribute to your integrity and compliance programme, from the start of the selection process and throughout the lifecycle of your products. With our delivery methodology we manage 23 key risk areas in your suppliers. We call this unique offering The Supplier Ecosystem™ Initiative.
Our solutions to manage integrity and compliance risks in your supply chain:
Conducting reviews, audit and investigations on suppliers around integrity and compliance through transaction monitoring and assessments
Supporting the suppliers to increase their awareness of risk that could impact downstream customers through education, communication and training
Monitoring suppliers throughout the product lifecycle for changes in behavior, compliance regulations and sourcing expectations
Identifying potential supplier risks for global businesses by conducting risk assessments, screening and due diligence on proposed and existing suppliers
THE SUPPLIER ECOSYSTEM INITIATIVE™
The Supplier Ecosystem Initiative™ Initiative is an end-to-end suite of services to manage the integrity and compliance aspects of your supply chain.
Our team provides a cost-effective solution for managing risk in the supply chain with minimal labour from your team.
SUPPLIER RELATIONSHIP MANAGEMENT SOFTWARE
Collecting, validating, monitoring and managing the information of thousands of suppliers can be extremely complex. With multiple functional groups, such as procurement, CSR, product development and marketing independently interacting with each supplier, companies may find it an increasing challenge to maintain transparency in their supply chain.
Supplier Integrity™ is an enterprise software solution by The Red Flag Group. The application centralises supplier data by connecting with your company’s Customer Relationship Management (CRM), Enterprise Resource Planning (ERP) and financial systems. This allows compliance officers, CSR professionals and procurement leaders to see a consolidated view at any time, allowing them to make faster decisions while also minimising risk.
Unlike other supplier management software solutions that often only assign tasks, Supplier Integrity™ analyses any potential risks at every step of the process – from supplier onboarding, to ongoing monitoring, to supplier renewal or end of life. The Red Flag Group’s risk rating algorithm, IntegraRating® I Risk Analyser rates each supplier across a matrix of risk areas, alerting users to real-time risks rather than a one-time reporting of any perceived risks in any sector or jurisdiction.
An enterprise software solution that supports the management of suppliers’ integrity throughout the lifecycle of the relationship
A proactive solution that alerts the user when there is a change in the behaviour of a supplier and suggests remediation activities that add value and are impactful to the business
Powerful workflows that guide the user during supplier onboarding, renewal and monitoring
Easy to tailor to each company’s business processes
Supplier profiles screened against 23 integrity and compliance risk areas
Users can easily navigate the system with minimal training
BENEFITS OF SUPPLIER INTEGRITY
Enables you to know where to invest your time and budget to gain the most ROI
IntegraRating® I Risk Analyser is The Red Flag Group’s risk rating methodology that assess 23 risk areas. This unique algorithm rates each supplier across a matrix of risk areas, alerting users to real-time risks rather than a one-time reporting of any perceived risks in any sector or jurisdiction.
Helping users to make faster decisions and minimise risk
Supplier Integrity™ continually monitors and assesses 23 risk areas throughout the supplier lifecycle. All supplier profiles are fully integrated with The Red Flag Group’s IntegraWatch® I Compliance Screening solution. The IntegraWatch® database, which is updated daily, includes more than 3.65 million people and organisations that could present integrity and compliance risks.
Allowing compliance officers, CSR professionals and procurement leaders to focus on the day job
Supplier Integrity™ is a ready-made SaaS single risk management solution that has a comprehensive end-to-end inbuilt workflow engine to manage the integrity of suppliers throughout the lifecycle of the relationship. It acts as a hub for your audit trail, and is easy to navigate with minimal training required.
Expediting the search for an appropriate resolution
Instead of simply helping to identify integrity risks in the supply chain, Supplier Integrity™ is a proactive solution that also advises on how to remedy those risks. For example, IntegraRating® | Risk Analyser, which is based on suppliers’ country and spend category, is coupled to the workflow engine so that the appropriate remediation activities are automatically added to the workflow.