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- Industries
- Banking & insurance
Compliant procurement and controlled third-party risk
IT providers, outsourcing, indirect spend: secure supplier relationships with documented controls, tracked contracts and a complete audit trail.
- Third-party riskSuppliers assessed and monitored continuously.
- Governed contractsClauses, expiries and commitments tracked.
- Segregation of dutiesDelegations and approvals enforced.
- Easier auditsEvery decision traced and retrievable.
High control expectations
Banks and insurers rely on many providers, especially in IT, and sometimes outsource important activities. Expectations around internal control, third-party knowledge and business continuity are particularly high.
Each provider must be assessed before selection, its documents and situation monitored over time, and contracts must contain the expected clauses. The platform documents these controls, enforces delegations of authority and keeps a complete audit trail for internal and external reviews.
The modules to roll out first
Supplier Onboarding
Due diligence questionnaires and control-function reviews before approval.
See the moduleSupplier monitoring
Risk score, handled alerts and continuity plans for critical providers.
See the moduleContract Management
Clause library, legal approval and commitment tracking.
See the moduleSupplier Evaluation
Periodic evaluations and documented improvement plans.
See the modulePurchase Requests
Delegations of authority and segregation of duties on every commitment.
See the modulePayments
Verified bank details and dual-approval payment batches.
See the moduleImplementation in five steps
Providers, criticality and risk level.
Due diligence and control-function reviews.
Standard clauses, approval and commitment tracking.
Alerts, evaluations and continuity plans.
Checks and dual approval of batches.
Frequently asked questions
Can we document a provider’s due diligence?
Yes. Questionnaires, documents, function reviews and the approval decision are kept in the supplier file.
How do we track critical providers?
They are identified in supplier monitoring, watched first and given a continuity plan reviewed regularly.
Are delegations of authority respected?
Yes. Approval workflows apply the defined thresholds and delegations, and every approval is time-stamped.
Can auditors retrieve the history?
Yes. Every request, contract, approval, receipt and payment keeps a complete, viewable history.
Other industries
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