WEBINAR

SAP Business Partner Screening:

Know Your Customers and Vendors

WATCH THE FULL WEBINAR

 

 

3 REASONS WHY YOU SHOULD WATCH THIS WEBINAR

Reason 1

monitor risks associated

Reason 2

partner's financial stability

Reason 3

mitigate risks, such as financial loss

WHAT YOU CAN EXPECT

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:

 

 What screening approaches are there? Onboarding, full and transactional scans.

 Data sources: where do you find information on your business partners?

 Validating and monitoring business partner master data

 Automated screening in SAP

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