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 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 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?

How can I get a unified view of supplier risk and reduce data access issues with multiple sources, tools and portals?

Beroe's KYS Program

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

Financial Stress Checks

Sanctions

Sanctions

Human Rights Violations

Human Rights Violations

Violation of International Treaties

Violation of International Treaties

Money Laundering

Money Laundering

Terrorism Involvement

Terrorism Involvement

Corruption/ Fraud/ Criminal/ Regulatory Issues

Corruption/ Fraud/ Criminal/ Regulatory Issues

KYS Features

KYS - All Suppliers Recommended

Basic supplier information

Electronic code of conduct acceptance

Self-assessment questions

Request Certifications

Sanctions Check

FREE Add-Ons Checks

Corruption checks

Fraud checks

Human rights violations checks

Financial Stress Check

PAID Add-Ons Checks

Supplier diversity (US and Canada suppliers only)

Labour, Health & Safety (Modern Slavery Act, Right to Work)

Health & Safety Management & Policy

Workforce Policies

Whistleblowing

Modern Slavery Act

Workforce Management & Right to Work

Sustainability (CSR Inherent Risk & Medal)

Environmental

Ethics

Health & Social

Sustainable Procurement

Financial Health System (7 Year Financial Analysis)

70+ financial ratios

Financial Health Rating

Yearly Refresh (Renewal Required)

Deep Dive Audits (~0.5% of the supply base)

Financial, Labour, Health & Safety

How the KYS Program Benefits You

Clean supplier master
Clean supplier master
A two way Supplier Communication Portal
A two way Supplier Communication Portal
End to End Program Management
End to End Program Management
Unified Supplier Compliance Dashboard
Unified Supplier Compliance Dashboard

Meet our Partners

FAQs

Beroe LiVE is an on-demand procurement intelligence and supplier discovery and monitoring  platform

  • Suppliers authorization and certification platform
  • Intelligence on 262+ categories
  • D&B Risk ratings on 140 million suppliers
  • An engaged community of 9,000+ companies
  • 800+ Thought Leadership artefacts
  • Request customized intelligence

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

 

  • 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.
  • Free on-platform supplier assessment/certifications/ratings and recommendations
  • Supplier discovery that will help shorten the request for proposal (RFP) cycle in future stages

  • Upload the list of suppliers
  • Request data from partners
  • View ratings against your suppliers
  • Request custom assessments based on risk assessment and recommended actions
  • Monitor suppliers through centralized dashboard

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.

Currently suppliers cannot be removed but additional suppliers can be added at any point through the system or by contacting support for assistance.