Challenge: A customer was standardizing and automating its global third-party risk management program, and the company needed configurable risk-based screening and custom open-source search capability in a globally integrated workflow solution. The company also wanted to accelerate its onboarding and due-diligence processes — while controlling costs and ensuring procedural variances were standardized.
Solution: Dun & Bradstreet’s solution accelerated onboarding and due diligence processes. A consolidated portal view across multiple disparate systems, seamless blending of content into due-diligence workflows and parallel task processing helped to shorten cycle times and eliminate bottlenecks. Automated workflows also combined multiple risk-based screening models.
Results: The company achieved consolidated visibility into its complex global supplier base that spans more than 40 industries. New insights from clear data helped reduce cycle times — resulting in faster onboarding of suppliers and cost savings.
About the Solution Provider: Dun & Bradstreet focuses on helping customers improve their supplier relationships through the power of data and analytics. With these insights, customers can reduce cost, mitigate risk, and accelerate due diligence. Leveraging the world's most comprehensive business data our customers onboard, screen and monitor suppliers while having zero supply chain disruptions.
