BUSINESSES SHOULD NOT RELY ON BLIND DATES
To be successful in business, you need business partners: customers, vendors, employees, etc. But you shouldn’t pick them blindly – you should monitor risks associated with them once you engage. Business partner screening is a due diligence process that organizations undertake to evaluate the risks associated with engaging with other businesses, such as suppliers, clients, or partners.
The business partner screening process includes assessing the potential partner's financial stability, reputation, compliance with legal and regulatory requirements, and ethical standards. Organizations need business partner screening to mitigate risks, such as financial loss, legal liabilities, and damage to reputation that can arise from associating with unsuitable partners. In this webinar on demand, we will cover the basics, but also go beyond the classical scope of business partner screening and discuss adverse events such as bankruptcy risks, impacts on the supply chain, and fraud risks:
Jens has 20+ years experience in SAP security, compliance and internal controls. He is an ex-auditor, always curious, willing to learn and to share knowledge. At VOQUZ Labs Jens is responsible for our risk and compliance products. He enjoys interacting with customers and finding quick and simple ways to improve our products to deliver value to customers. Pragmatic and customer-focused? Then Jens :)
