Complex third-party risk management integrates with Dow Jones due diligence tool.
LafargeHolcim is a global leader in building materials with over 70,000 employees in 70 countries. They needed to widen the scope of due diligence conducted on its counterparties and required a tool with the capabilities to develop workable solutions for the many risks involved in onboarding counterparties.
LafargeHolcim was able to deploy an agile risk-based solution enhanced with a company-wide risk-matrix formulated by Fulcrum Diligence to conduct more thorough due diligence. Symfact (a Scanmarket company) was able to integrate a number of independent processes into one, increasing efficiencies greatly.
LafargeHolcim integrated sanctions screenings with Dow Jones third-party due diligence process and centralized control of all third-party data.