Process Template

Business Partner Integrity Management

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Your Challenge

Corruption and money laundering can affect any company. Globalization, more complex structures in the supply chain and offshoring of many suppliers can increase the risk of enormous fines, trade bans and imprisonment.

 

Preventive measures are mandatory for every company. In the case of an audit, you must be able to prove that you checked your business partners before concluding a contract. Existing partners must also be checked regularly and for certain transactions.

Today it is no longer enough to say that you have known your business partners for years. Due diligence requires companies to take appropriate security precautions and set up comprehensive internal compliance structures.

Our Solution: Digitization of Your Business Partner Integrity Management

TIM helps your company to carry out a complete review and prove it. Business partners are checked according to the PEP and sanction lists, depending on the type of business relationship.

The result of the review is used in the form of a report as evidence of compliance with the duty of care. Company risks are minimized through the increased transparency in the selection of sales partners.

A digitized integrity management protects you as well as the existence of the company. Compliance with the law also creates trust and enables a sustainable increase in value.

What are the TIM Template Advantages?

Save money that you otherwise would have to invest in creating the process from scratch. With TIM, a proven template is immediately available to you as a pre-implemented solution.

With our ready to use template, you save many hours of programming efforts that would be incurred with another solution that needs to be created from scratch or is difficult to customize.
Gain access to our experience with numerous customer projects in various industries as well as our specialist knowledge of consulting companies and well-known experts from universities.

A Look Into the Software

Benefit from our pre-implemented template solution and customize your process with minimal effort. As your reliable partner as a leading BMP tool, the intuitive and powerful software from TIM can be easily and flexibly adapted to your needs.
Start your process by entering the metadata of your tasks in a process-accompanying form. This information is processed automatically and flows into the software-controlled process flow. You just enter the information and TIM does the rest for you.
Depending on the business partner type, the process asks different questions that must be answered by the business partner and the company’s specialist department. Depending on how the questions are answered and checked, TIM carries out a sanction list screening and a risk assessment in the background. You only need to enter the information and TIM takes care of the rest.
If an abnormality was detected during the sanction list screening, approval by the Compliance Officer is required. This decides whether a business relationship will be continued or not. Alternatively, an extended compliance check can also be automated by connecting databases for business partner screening.
Regardless of whether a hit occurs during the sanction list screening, a risk classification takes place in the background. Depending on the determined risk level, it may be necessary for the specialist department to answer additional questions. After completing the task, the result of the review is available to the manager for approval or definition of further measures.

Process Template

Business Partner Integrity Management

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