Streamline and enhance third party due diligence.
GAN’s Due Diligence module is a full-featured third-party management system. Set up automated risk-based workflows for the request, evaluation, approval, and monitoring of third parties. Third party approval requests are stored automatically for review via a secure management portal. Internal requesters and third parties also receive self-serve accounts, accessible from desktop or mobile devices. Maintain a full overview of your entire third-party population from one central portal.
Quickly set up standard, risk-based processes for requesting, evaluating, and monitoring business partners and document all your due diligence activities in one place.
Scope third-party risk assessments. Assess the initial level of corruption risk associated with individual third parties using simple pre-set parameters to make a preliminary determination of which third parties should be subject to due diligence.
Create web-based questionnaires. Roll-out online questionnaires to be completed by the business unit looking to hire the third party or the candidate third parties. The web-based questionnaires function as a risk rating tool and can be translated into multiple languages.
Source defensible third-party evaluations. Screen third parties thanks to fully integrated, internet, database, and media searches. Data verification workflows help reviewers to quickly identify gaps or inconsistencies in the information collected through internal and external questionnaires. Easily cross- check collected data to help reviewers ensure they have a “complete and honest picture” of the proposed third party’s background and integrity profile.
Set up approval workflows. Build third-party approval workflows by adapting the due diligence process to the risk assessment: Employ one level of approvals (with optional automatic approvals) for low-risk third parties and escalate approvals for medium-to-high-risk third parties. Assign permission rights to the proper employees to approve and review.
Design post-approval workflows and mitigations. Support the implementation of a post-approval assurance program by conducting ongoing internet and database searches to identify new red flags. Schedule training, policy certification campaigns, and certification of compliance with applicable anti-corruption laws as well as renewals or updates of the risk assessment and due diligence processes.
The system includes fully integrated internet, database, and media background checks based on 6 million+ profiles from 100,000+ unique sources that are transparently sourced and summarized into easy-to-read profiles, available in 77 Languages.
* 1,500 FREE screenings included with every plan.