Assess your risk | Make wise choices | Protect your reputation
Partner with GCSG, an experienced, reliable, and trustworthy provider of third-party risk management solutions.
Companies are increasingly turning to acquisitions and to outsourced distribution, sales, and service providers to grow their businesses and access new markets. Regulators are now, more than ever, holding companies accountable for the compliance failures of acquired entities and affiliated third parties. As a result, the need for a documented, risk-based and multi-component approach towards the due diligence of third parties has grown in importance.
GCSG's unique experience and product solutions can provide companies with the confidence their third party relationships and acquisition targets are suitable partners. GCSG has the ability to assess and develop your third-party compliance program, assign a relative risk score and audit your prospective third party relationships for potential risks that may result in financial exposure or reputational damage. In addition, we will provide customized compliance training to fit your organization's needs.
Third-Party Risk Ranking Tool
GCSG has developed an excel based risk ranking tool that enables us to assign a risk score to your third parties. The tool can be customized to fit our client's specific business risks. It is simple yet powerful.
The tool relies on established commercial, trade, bribery, and other risk factors as well as our own internally developed entity specific questions to assign a risk score. We then use the score to categorize the third-party as a Low, Moderate, or High risk. Each category will then receive a recommended level of due diligence.
Due Diligence Reports
GCSG offers detailed on-site third-party audits to help our clients ensure their high risk third parties are not an unacceptable risk for their business. Our third-party audits can cover a comprehensive range of compliance programs (anti-bribery and corruption, export controls, EHS, security, drug precursor and distilled spirits) or be tailored to a specific compliance program of concern.
GCSG is able to provide our clients with customized third-party training packages to be used with your internal computerized training solution as well as in-person training designed to educate your internal staff or your third parties.
GCSG can provide an internal assessment and benchmarking of your third-party engagement program, policies, and procedures. We provide our clients with guidance on developing and implementing a third-party engagement policy, reviewing existing policies, and providing a quantitative risk ranking associated with engaging a potential third-party.
Contact GCSG today to learn more about our third-party risk management solutions.