Entity Profiling and Risk: Identifying and Managing Organisational Vulnerabilities
Understanding and managing the risks associated with different entities within your organisation is a cornerstone of maintaining operational integrity and compliance. Verimus ClearESG offers a robust suite of entity profiling and risk management solutions designed to provide businesses with a comprehensive, tailored approach to identifying vulnerabilities, assessing potential risks, and implementing proactive risk mitigation strategies.
Our solution goes beyond simply identifying risks—it integrates with your broader corporate risk framework to ensure that risk management is embedded throughout your business processes, fostering a culture of continuous improvement and compliance.
Customisable Workflows
A common downfall of entity and third-party due diligence is the lack of transparent and consistent processes once a “red-flag” is found. With Verimus ClearESG, you can design custom workflows tailored to the unique risk characteristics of different departments, subsidiaries, or third-party entities. These workflows can be structured using conditional logic, such as if-then statements, that adapt based on the entity’s risk profile. For example, if an entity is flagged as having a higher level of financial risk, the workflow can trigger additional review steps or more frequent assessments to ensure that appropriate measures are taken.
Integration to Corporate Risk Framework
Our platform allows you to integrate entity risk assessments directly into your broader corporate risk framework. This ensures that all identified risks are aligned with your organisation’s overall risk appetite, policies, and mitigation strategies. By establishing clear parameters for acceptable levels of risk and tying entity-specific assessments to these parameters, businesses can more effectively manage their exposure across the enterprise.
Procurement and Tendering
For organisations involved in tendering with external parties, entity profiling and risk management become even more crucial. Verimus ClearESG empowers businesses to assess the risk profile of potential suppliers, contractors, or partners as part of the tendering process. By incorporating entity risk assessments into your supplier selection process, you can ensure that third-party vendors align with your risk appetite and compliance standards. Verimus ClearESG platform helps streamline the tendering process by providing detailed risk insights into external entities, allowing you to make more informed decisions and select partners who pose the least risk to your organisation.
Actionable Due Diligence
With Verimus ClearESG, businesses are not just identifying risks—they are building a sophisticated, data-driven approach to risk management that is adaptable, scalable, and aligned with their corporate goals. Whether it’s managing internal operations, third-party relationships, or preparing for future growth, our platform ensures that you can effectively identify vulnerabilities, assess risks, and implement the right strategies to protect assets, reputation, and regulatory standing.
