Business Risk Management

Third Party Risk Management

Third Party Risk Management

Risk and disruption aren’t part of the deal.

Know more about your third parties, or you may get more than you bargained for.

Your business is set to a well-timed choreography of supplies and services. One missed beat — a vendor that suddenly ceases shipments, or a compliance snag — can seriously impact your company’s productivity, financials and even reputation.

Spotting the “red flags” in a large, complicated global supply chain, e.g., requires more than free tools and manual processes. You need broader, deeper, more reliable business intelligence on your third parties, and better efficiency in managing them.

You have high standards for your third parties. Do your tools and processes measure up?

Even your most trusted business partner may potentially bring baggage into your relationship. Financial chaos. Legal problems. Business dealings that compromise your company’s integrity. Free tools and one-time vetting isn’t enough to shield you from these dynamic events. LexisNexis® Risk Solutions has the robust data sources and technology to bring critical information to the surface over the lifetime of the relationship.

Step 1:  Identify

With global e-commerce, you can’t always be sure who you’re working with. LexisNexis® Business InstantID® and LexisNexis® Find a Business make it easy to quickly:

  • Verify the identity of the business, the owner and authorized representative;
  • Confirm accuracy of information and uncover additional contacts;
  • Evaluate inconsistencies that may indicate high-risk activity;
  • And more. 

   Step 2:  Assess

What you don't know about your trading partners can jeopardize your operations, brand and regulatory standing. LexisNexis® Business Assurance Reports, Business InView Reports, SmartLinx® and Business Risk Compliance Reports give you fast access to a wealth of information on firms large and small. Check current and potential suppliers and other third parties against our unparalleled data sources and intelligence on:

  • Court and administrative filings
  • OFAC watch lists;
  • Assets and property;
  • Media coverage and reviews;
  • Risk scores and derogatory records;
  • OSHA inspections;
  • Diversity information;
  • Labor actions;
  • And more.

Step 3:  Monitor and Comply

Much can change over time. LexisNexis® Business Data Enrichment Suite keeps tabs on critical details about these partners that may affect your compliance status and operations: Leadership changes, connected legal entities, UCC filings, and more. Rapid batch updates serve up the most recent and comprehensive details to enhance your perspective on these businesses.

You can never have too much insight. Let us help you identify unknown risks, and mitigate your losses.

Identify

Business ID
Verify the identity of the business & authorized rep.
Find a Business
Manually confirm business exists and retrieve contact information.

Assess

Business InView Report
Access risk scores and derogatory information.
Business Risk and Compliance Report
Access risk scores, derogatory and compliance information.
Business Risk Document Search
Access unstructured information like negative news, government regulatory files, sanctions, and more.
Business Assurance Reports
Leverage nationwide network of court document retrieval specialists to access public records.

Monitor and comply

Bridger Insight® XG
Conduct due diligence and screening to comply with global regulations and reduce fraud risks.
WorldCompliance™ Data
Robust databases of high-risk individuals and entities.
WorldCompliance™ Online Search Tool
One-stop Sanctions, PEPs and Adverse Media solution.
Periodic Business Batches
Update business information and monitor for changes in derogatory information.

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