(Source: Voice of Procurement survey- Beroe LiVE and top 100 clients)
How do I get a clean supplier master before assessing the risk associated with suppliers?
How can I extend the risk assessment to all my suppliers, and identify if the suppliers that I am working with are safe to partner with?
How can I get a unified view of supplier risk and reduce data access issues with multiple sources, tools and portals?
Based on Know Your Customer, Know Your Supplier (KYS) is a cloud based offering for Procurement to assess 100% of their suppliers across key risk parameters
Financial Stress Checks
Human Rights Violations
Violation of International Treaties
Corruption/ Fraud/ Criminal/ Regulatory Issues
Basic supplier information
Electronic code of conduct acceptance
Human rights violations checks
Financial Stress Check
Supplier diversity (US and Canada suppliers only)
Health & Safety Management & Policy
Modern Slavery Act
Workforce Management & Right to Work
Health & Social
70+ financial ratios
Financial Health Rating
Yearly Refresh (Renewal Required)
Beroe LiVE is an on-demand procurement intelligence and supplier discovery and monitoring platform
Beroe is continuing the evolution of their platform by developing a compliance module that includes both suppliers and buyers. In this initial stage of the new module, we are engaging with select customers and suppliers to in shaping the future stages of the platform.
The Beroe LiVE platform is developing the capability of enabling supplier monitoring and discovery, which are key areas of concern for procurement professionals. In this initial stage of the platform, Beroe is focusing on surfacing data which already exists with our data partners. In the next stage in early Q1 2019, customers will be able to request additional assessments from suppliers based on risk analysis completed within the platform
Benefits of supplier Compliance program through Beroe LiVE
Yes. You will receive an invitation from the Beroe platform with login information and steps to complete your registration.
Beroe will manage the whole process on your behalf at no cost
Beroe is committed to maintaining security in regard to proprietary information. Other procurement teams will not be able to view or access the suppliers you have uploaded, search for, or send them requests. Each company has a unique identifier that ensures no unauthorized users access their data
The initial email to suppliers will come from the procurement companies to the suppliers selected to participate in this initial stage. Beroe will provide the email template. Suppliers will then receive an automated email from the platform with their unique company profile link and instructions to log in.
If there is no response to the invitation to join, Beroe will follow up with suppliers to encourage them to register and complete the request.
If there is no response from suppliers to requests and follow ups, the point of contact within the Procurement Organization will be given the information for subsequent follow up requirements
The primary central dashboard includes information on pending purchasing requests sent to suppliers that have not yet been processed in the “Pending” tab. There will also be a “Shared” tab that displays a list of suppliers that have completed their data requests with the ability to drill down to their profiles. Additionally, there is a “Declined” tab with the list of suppliers who registered but declined to purchase the data option.
The supplier profile will be considered as basic company information and a contact in the initial stage. Each stage will increase the supplier profile options to allow for a central location to review details on the supplier. This can include specialities, additional certifications, audits the supplier has completed, relevant policies, etc.
In future stages you will see watch lists for monitoring, a recommendation engine that will assess risk on a supplier list, and recommended assessments for risk mitigation.
You will not receive an email when a supplier unlocks the requested data. We encourage you to log in to see the progress of your supplier list. Additional controls of email notifications will be in future stages.
Please contact the support team at Partner.Support@beroe-inc.com .
Currently suppliers cannot be removed but additional suppliers can be added at any point through the system or by contacting support for assistance.