Increasing complexity of business relationships
In our complex, globalized and digitized world, companies are forced to interact with an increasing number of business partners. At the same time, business relations are more intricate than ever due to increasing regulatory requirements. Furthermore, public pressure demanding transparency surges, putting companies in the position of having to carefully manage their business partners. In this environment, integrity matters! Overall, an insufficient business partner management results in an unnecessarily high business risk as well as immensely high administrative costs.
Manage relations with your external business partners
PwC’s Know Your Business Partner Platform (KYBP) is an automated software solution allowing clients to implement a process to ensure compliance and quality by simultaneously significantly decreasing the administrative effort. KYBP enables corporations of all sizes and industries to manage their business relationships effectively as well as risk-adequately and to ensure the integrity of all partners in a process-oriented manner. The business relationship tool guides you along the entire process from determination of requirements up to contract conclusion and internal documentation. The usage of the tool is intuitively usable and the content of the tool is tailored in form of selectable modules. In this way, the tool can be customized individually to your needs.
The benefits of KYBP
Six steps to a transparent and compliant business partner management
1: Master Data Management Creation
Business partner onboarding
2: Business Partner Classification & Screening
Mandatory sanctions and embargo list screenings
Classification of relevant business partners
3: Risk Assessment
Standardized logic to determine relevant risk areas
4: Management Plan
Systematic and structured management plan
Performance of due diligences
Clear remediation measures to reduce relevant risk areas (e.g. Sanctions, Anti-Bribery & Anti-Corruption (ABAC), Cyber Security, Financial Stability, Product Compliance)
5: Intelligent Documentation
Audit-proof documentation of all due diligences
Consolidation and archiving of all risk assessments of every service provided by the business partner
6: Monitoring & Auditing
Transparent internal reporting
Frequent tracking of results and periodic renewal of due diligences
Pricing
The price below exludes project realization (implementation) costs.
License model based on business requirements
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Depending on number of Business Partners
