Third Parties Due Diligence
Protect and strengthen your reputation company both internally and externally.
PROCOMP's Third Parties Due Diligence vertical allows you to digitize the third party due diligence process and automate adverse media detection thanks to Artificial Intelligence.
Main Features
Thanks to Artificial Intelligence PROCOMP allows you to::
- Involve interested parties so that they can provide their own contribution in the analysis phase of the third party, integrating external providers and automatically managing searches on open sources;
- Configure the workflow according to customer needs;
- Automatically assess third party risk;
- Interface with external lists and providers, automate integrated data management;
- Automatically summarize the result of checks and red flag management through integrated reporting.
Adverse Media
With Adverse media we call the set of news and information discriminating against a company, which could compromise its credibility and lead other companies to evaluate whether or not to enter into a partnership with it.
With PROCOMP it is possible to manage adverse media effectively thanks to Machine Learning algorithms capable of:
- process thousands of news with the highest levels of accuracy;
- reprocess the data to identify the red flag and potential false positives of the news;
- avoid the linguistic limits of text content search on the web;
- define keywords about the organization or people involved;
- take user feedback into account by refining searches.
Benefits
Create an environment of trust and transparency
Instill an ethical culture by raising awareness of compliance
Help people identify and prioritize problems by knowing the risks
Minimize risk and effectively defend corporate reputation.
Meet regulatory requirements and ensure compliance standards
Make more informed decisions