Business Partner Screening
How well do you know your business partners?
The Business Partner Screening checks for possible violations of environmental or human rights, as well as corruption and money laundering by your business partners.
The checks are carried out by qualified analysts in Berlin. In other words, our research delves deeper than automated solutions and reliably identifies any potential risks.
All checks are carried out in compliance with the internationally applicable legal framework and with the help of a global network. This ensures compliance-appropriate cooperation with your suppliers, business partners and customers.
A selection of checks can be found in the FAQs further down this page.
The Portal Solution
The Compliance Monitor gives you a comprehensive digital portal solution for Third Party Due Diligence and Business Partner Screening.
This enables a cross-company, standardized assessment of risks and the digital definition of appropriate countermeasures, as well as ensuring a transparent, timely flow of information.
You can find further information and a video on this topic on the Compliance Monitor page.
Why Business Partner Screening?
» Legal requirements – such as the Supply Chain Due Diligence Act
» Know your customer – especially for financial service providers to prevent money laundering and terrorist financing
» Due diligence – for corporate takeovers, company acquisitions or partnerships
» Individual due diligence – vetting of senior management for special business activities (e.g., company acquisition or corporate takeover)
FAQs Business Partner Screenings
You will find answers to some common questions below.
We offer business partner audits both as individual commissions and complete portal solutions.
Yes, thanks to our decades of experience and our international network, we are able to carry out screenings on every continent.
Yes. As our Compliance Monitor is a specifically developed software, it can be tailored to individual customer requirements. This applies both to the content and the design of the portal.
The customer defines the checks/test packages. The available checks include:
- Business partner identification
- Watch- and sanctions lists
- Adverse media check
- Visualization of the corporate structure
- Identification of the beneficiary
- In-depth media research
- Litigation check
- Credit check
- Financial information
- Management affiliations
- Reference checks
- On-site checks
There are 5 predefined test levels, which can also be individually configured. We would be happy to send you a detailed overview of the checks – please use the contact form to request this.
Yes, this is one of the specific benefits of the portal solution. All relevant departments, including Compliance, Procurement, Legal, M&A, Security and Finance, can both initiate orders and view reports. This avoids duplicate checks and saves resources, time and money.
Yes, the content of the checks, the report form and the evaluations can be discussed and adapted with the customer. We are more than happy to advise you and offer customized solutions.
Yes. A key advantage of our digital solution is that all measures can be logged with a time stamp and a reminder function. This can be done both individually and across departments.
Yes, the generated reports are tamper-proof and available permanently. They can be viewed in the portal and shared in the form of a PDF report.
Individual orders can be processed immediately. Depending on the degree of customization, a portal solution can be implemented within one month.
We strongly recommend workshops, especially for companies seeking a digital portal solution and wanting to integrate different departments.