drive efficiency in Know Your Vendor compliance

Many Know Your Vendor (KYV) programmes are limited by the time and cost involved in manually gathering information for supplier due diligence.

This exposes companies to significant regulatory and reputational risk — from bribery and corruption to terrorist financing, modern slavery and cyber crime.

encompass changes that with a fully automated Know Your Vendor information gathering process. In minutes, encompass visualises a vendor’s corporate structure, screens relevant individuals and entities for risk and identifies adverse media in line with a company’s vendor onboarding procedures.

identify and mitigate bribery and corruption risk

Discover ultimate beneficial owners and identify government ownership or connections in minutes to fully understand the potential for bribery and corruption.

protect your reputation

Using artificial intelligence to eliminate false positives and prioritise relevant news, encompass allows you to quickly and easily hone in on any adverse media related to a supplier that could irreparably damage your reputation.

enhance existing processes

The encompass API easily integrates into your existing supplier relationship management systems allowing you to realise the benefits of automation without requiring infrastructure changes.

capabilities

automate and streamline Know Your Vendor data gathering

encompass robotically automates information and news discovery for KYV based on your existing supplier onboarding policies and procedures, and using your trusted sources.

quickly verify supplier information

Seamless access to global corporate registries allows encompass to automatically verify information supplied by vendors in information gathering questionnaires.

discover ultimate beneficial owners

encompass automatically discovers UBOs, giving you full insight into the individuals behind your vendors.

automate and streamline Know Your Vendor data gathering

encompass robotically automates information and news discovery for KYV based on your existing supplier onboarding policies and procedures, and using your trusted sources.

quickly verify supplier information

Seamless access to global corporate registries allows encompass to automatically verify information supplied by vendors in information gathering questionnaires.

discover ultimate beneficial owners

encompass automatically discovers UBOs, giving you full insight into the individuals behind your vendors.

automatically screen for regulatory risk

According to your risk-based approach, encompass seamlessly screens individuals and entities against your preferred suppliers of Politically Exposed Persons (PEPs) and sanctions data.

identify adverse media

encompass robotically automates adverse media checks, ensuring they are completed consistently, and employs artificial intelligence to prioritise the results most relevant to you.

be alerted to changes in vendor risk profiles

according to your policies and procedures, encompass continuously monitors vendor profiles for material changes that trigger the need to refresh KYV.

dynamic creation of a full audit trail

encompass automatically builds a complete audit trail, including source documents, for every search and action taken on a profile.

automatically screen for regulatory risk

According to your risk-based approach, encompass seamlessly screens individuals and entities against your preferred suppliers of Politically Exposed Persons (PEPs) and sanctions data.

identify adverse media

encompass robotically automates adverse media checks, ensuring they are completed consistently, and employs artificial intelligence to prioritise the results most relevant to you.

be alerted to changes in vendor risk profiles

according to your policies and procedures, encompass continuously monitors vendor profiles for material changes that trigger the need to refresh KYV.

dynamic creation of a full audit trail

encompass automatically builds a complete audit trail, including source documents, for every search and action taken on a profile.

see encompass in action

benefits

expand the scope of KYV

efficiency gains allow you to conduct Know Your Vendor across your entire supply chain

reduce the cost of KYV

manage supplier onboarding spend by automating low-skilled manual tasks

protect your corporate reputation

comprehensively identify and mitigate all potential risks

improve straight through processing rates

reduce the need for manual intervention in the onboarding process

delivery

user interface

our intuitive SaaS user interface gives you full access to the power of encompass and requires minimal set up

API

our advanced API precisely mirrors the functionality of our user interface and is quick and easy to integrate into existing applications

related content

OFAC Compliance Q&A with Eric A. Sohn

due diligence solutions are not just for anti-money laundering

5 challenges to finding business information in the MENA region

discover what encompass can do for you

Ready to learn how encompass can accelerate your client onboarding and compliance checks?

Fill out the form to request your personalised consultation on how encompass can help your business.

Alternatively you can contact our team directly on 0333 772 0002.

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