Intelligent Risk Monitoring is an automated solution that allows screening large volumes of third parties and identification of financial, tax, fraud, compliance and other risks.
Our solution automatically collects large amounts of data: registration, financial, geographical and other from multiple sources. In a next step it performs a series of tests to assess the overall riskiness for each tested entity.
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- 2019 Czech Crisis Survey
Monitor changes in business partners and compare exposure to suppliers / customers with tax, financial and legal risk indicators, such as insolvency cases or tax issues
Detection and ongoing protection against VAT carousel schemes and support during tax authorities reviews
Control supplier portfolio consistently across the whole group and manage risks from a single place
Check if your business partner is on any sanction list
Identify links between employees and business partners
Identify companies with no business history, dormant shell companies, ready-made companies, companies on blacklists, debtors
Some companies may present a reputational risk - for example during Covid crisis, there were many cases when "dormant" ready-made companies suddenly woke up to offer large supplies of medical goods to public entities under stress. They either delivered poor quality, overpriced goods or no goods at all. This led to negative media coverage and public scrutiny. Such situations could be easily avoided, had the suppliers been screened in publicly available sources.
Risk analyses from different angles - tailored to the client’s specific needs
Support in regular third party screening
Verification of existing and new business partners
Support in documenting due care
Analysis of large volumes of third parties quickly using data from multiple sources
Analysis with the use of government guidelines and based of PwC’s best practice
Interactive dashboards
Interactive dashboards
clearly summarising screening outputs and allowing to drill down to individual test result details.
The solution is currently covering following territories:
Czech Republic | Slovakia |
Hungary | Poland |
Partial coverage
Romania | Ukraine |
Slovenia | Croatia |
We are currently expanding the coverage to other CEE regions. Please contact us if you would like to prioritise a specific territory.
Identifying suppliers heavily reliant on your business
Intelligent Risk Monitoring verifies the third parties’ reliance on cooperation with you, using financial data from external sources and data associated with the business partners provided by you.
Identification of risks arising from geographical location
Intelligent Risk Monitoring verifies the risks arising from the geographical location of third parties, including having addresses in virtual offices.
Automation of the supplier and customer screening process
Comprehensive risk analysis of cooperation with business partners is a complex process and requires the use of diverse sources of information. Automation of the business partners screening and assessment by Intelligent Risk Monitoring will save you time and increase process efficiency.
Automatic acquisition of registration data
Intelligent Risk Monitoring automatically fetches and fills in registry, financial and other data available through API (Application Programming Interface), which allows for a flexible approach to the scope of performed analyses and significantly reduces its time.
Automatic analysis of warning signals
Intelligent Risk Monitoring performs a series of tests and risk assessments of third parties in a fully automated manner, which increases the cost-effectiveness of this solution and ensures short response time.
Identification of unreliable customers and distributors
Intelligent Risk Monitoring reviews counterparty financial metrics in the liquidity/solvency area and incorporates them into its risk assessment.