KNOW YOUR SUPPLIER (KYS)
Digital Supplier Risk, Compliance and Engagement
Supplier Risk and Compliance is one of the top
priorities for procurement
(Source: Voice of Procurement survey- Beroe LiVE and top 100 clients)
Challenges in implementing Supplier Risk and Compliance Program
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 suppliers who 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?
Beroe's Know Your Supplier (KYS) Program
Beroe’s KYS program can enable procurement organizations navigate the challenges associated with Supplier Risk and Compliance. Based on the Know Your Customer concept, KYS provides comprehensive and continuous screening of a company's entire supplier base with the help of industry leading partner on key risk and compliance parameters
Know Your Supplier (KYS)
Sanctions
Financial Stress Checks
Violation of International Treaties
Human Rights Violations
Money Laundering
Terrorism Involvement
Corruption/ Fraud/ Criminal/ Regulatory Issues
Know Your Supplier (KYS) Program Features
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Basic supplier information + Electronic code of conduct acceptance + Self-assessment questions + Request Certifications |
Sanctions Check |
| FREE Add-Ons Checks |
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| PAID Add-Ons Checks |
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Labour, Health & Safety
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Health & Safety Management & Policy + Workforce policies + Whistleblowing + Modern Slavery Act + Workforce Management and Right to Work
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Sustainability |
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Environmental + Ethics + Health & Social + Sustainable Procurement |
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Financial Health System |
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70+ financial ratios + Financial Health Rating + Yearly Refresh (Renewal Required) |
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Deep Drive Audits |
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Financial, Labour, Health & Safety |
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How does KYS Program benefit you?
Clean supplier master
End to End Program management
A two way Supplier Communication Portal
Unified Supplier Compliance Dashboard
Meet our Partners
Financial Risk
Assess the financial health and well-being of your suppliers through Financial Risk Analysis
Labour, Health & Safety
Assess your suppliers commitment towards applicable labour, health and safety standards
Ethical
Get your suppliers validated on how they operate their business within the construct of applicable laws, and regulation in their region
Contact Us
Beroe LiVE is a procurement intelligence, supplier discovery and Compliance platform, from Beroe.
It hosts ready-to-use intelligence on 262 categories, provides intelligence on 140 million+ suppliers, engages with a community of
14,000+ companies and houses
900+ Thought leadership artefacts.
Companies on Beroe LiVE
Know Your Program FAQs
Beroe LiVE is an on-demand procurement intelligence and supplier discovery and monitoring platform from Beroe
- Suppliers authorization and certification platform
- Intelligence on 262+ categories
- D&B Risk ratings on 140 mn suppliers
- An engaged community of 9,000+ companies
- 800+ Thought Leadership artefacts
- Request customized intelligence
Beroe is continuing the evolution of the platform by developing a Compliance module that includes both suppliers and buyers. In this initial stage of the new module, we are working with select customers and suppliers to engage with in shaping future stages of the platform.
Beroe LiVE platform is developing the capability of enabling supplier monitoring and discovery, one of key areas of concerns for procurement professionals. In this initial stage of the platform, Beroe is focusing on surfacing data 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.
- In the initial stage, data requests will be available on Financial Risk. Additional data partners will be available at subsequent stages of the platform.
- Beroe has or is developing partnerships with key vendors who will provide assessment on the listed Compliance parameters. These partners include D&B, Rapid Ratings, EcoVadis, Achilles, CSRHub.
- You will be able to review data from the available partners in a central location in the Beroe platform. The next stage of the platform includes active monitoring and additional assessment request options.
- Additional stages will also include the ability to evaluate risk on a list of suppliers and to discover new suppliers based on defined criteria.
Benefits of supplier Compliance program through Beroe LiVE
- Beroe will manage the whole process on your behalf at no cost.
- On-platform supplier assessment/certifications/ratings and recommendations for Free
- Supplier discovery that will help shorten the RFP cycle in future stages
- Upload the list of suppliers
- Request for data from partners
- View ratings against your suppliers
- Request custom assessments based on risk assessment and recommended actions (Not in initial initial)
- Monitor suppliers through centralized dashboard
Beroe will manage the whole process on your behalf at no cost
Beroe is committed to maintaining security on proprietary information. Other procurement teams will not be able to view or access the suppliers you have uploaded, search for or send requests to. Each company has a unique identifier that ensures no unauthorized users access the company 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 requests sent to suppliers but have not yet been purchased in the ‘Pending’ tab. There will also be a ‘Shared’ tab that displays a list of suppliers that have completed their data request with the ability to drill down to their supplier profile. 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 basic company info and 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 or audits the supplier has completed, relevant policies, etc.
In future stages you will see watchlists 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 data requested. We encourage you to log in to see progress of your supplier list. Additional controls of email notifications will be in future stages.
Please contact Tina Baker, Director of Product Management at tina.baker@beroe-inc.com or log a request with the helpdesk for information to be provided.
Currently suppliers cannot be removed but additional suppliers can be added at any point through the system or by contacting support for assistance.
You can reach over email on Partner.Support@beroe-inc.com.
