Third Party & Vendor Screening

In today’s global business environment, leveraging foreign vendors for critical business operations can yield significant opportunities.

It can also introduce new risks, which go beyond simple reputational concerns.  Companies are now held responsible for managing those risks, and must oversee and analyze the quality of their commercial relationships to remove the possibility of risks ranging from bribery and money laundering, to product recall and fraud.

Kroll’s Third Party & Vendor Screening solutions facilitate global anti-corruption compliance through a systematic approach to collecting partner data, verifying information, scoring key risks, and applying due diligence as appropriate, all within a technology platform that can support information review, information archiving and audit.

Turn-Key Technology: Kroll offers a data management platform that provides a systematic means for clients to “certify” their partners, to collect key corporate information, disclosures, references and supporting documentation, and to gain affirmations to code of conduct and business practices.   More importantly, our technology creates means to integrate third-party data into the due diligence workflow, facilitating communication between internal teams (i.e. compliance, legal, security) with our research analysts, while allowing for sophisticated compliance reporting and immediate access to critical information.

High Quality and Efficient Due Diligence: Our capabilities in research are unparalleled.  We have conducted roughly 85,000 subject reviews in the last five years in more than 20 languages.  We are also transparent in process and pricing.  Prior to engaging Kroll, clients will know exactly what they are going to get in each third-party due diligence report, how much it will cost, and how long it will take to return.

Deep Domain Expertise: Kroll has deep domain expertise, including former federal prosecutors, who have extensive FCPA and industry experience. 

Case Study: Manufacturer Conducts Screening of Sales Agents Worldwide
A leading industrial manufacturer engaged Kroll to implement a systematic and standardized approach to compliance screening for all company agents worldwide. As part of the program, the manufacturer wanted to touch all 10,000+ agents, and capture affirmations to the client’s code of conduct, keep information on each partner’s company, management team, compliance controls, financials and references up to date, and allow for auditing of disclosures related to the agents’ possible government affiliations and legal activities.