KY3P® for Procurement: Supplier Risk Management & Solutions
Identify and Eliminate the Third-Party Risks That Jeopardize the Supply Chain and the Broader Organization
Under growing scrutiny from both regulators and customers, procurement leaders are being tasked with greater accountability for today's complex supply chain risks. Currently, the actions of a single vendor at any tier can result in reputational and economic damage capable of threatening an organization's very existence—and when it happens, procurement is held directly responsible.
Key Stats
How KY3P Works
Evolve Your Approach
After years of being focused on cost, Chief Procurement Officers and purchasing executives need to evolve to bring greater due diligence to every step in the procurement process — from sourcing to contracting, to risk management and supplier relationship management.
KY3P, an integrated solution platform, enables organizations to uncover supply chain vulnerabilities, identify risk exposure, and build best in class third-party risk management capabilities. KY3P offers unparalleled solutions built by experts in partnership with a global design network.
Our deep domain expertise, data, and technology enhance and accelerate all aspects of supplier and third-party risk management from onboarding, regulatory compliance, assessment, monitoring, and oversight. KY3P standardizes and simplifies third-party due diligence, provides end-to-end visibility, and vigilance needed to protect the supply chain.
Key Capabilities
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End-to-End Vendor Visibility and Control
KY3P delivers best-in-class third-party procurement risk management solutions for leading global organizations. KY3P standardizes and simplifies third-party due diligence, provides end-to-end visibility across the entire supply chain, and provides ongoing updates to alert the organization to emerging risk situations.
- 40,000+ vendor profiles available in the network
- 30,000+ rapidly expanding global user base
- 135 global economists and country risk experts
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The Major Components of KY3P
KY3P is an integrated suite of solutions to manage end-to-end third party and vendor risk management.
- Onboarding & Oversight
- Due Diligence Monitoring
- KY3P Assessments
- Managed TPRM Services
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Global Leaders in Procurement
KY3P has a 70-year history of working with global supply chain leaders to deliver unparalleled insights that enable them to anticipate and mitigate third-party vendor risk.
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KY3P Supports Your Supplier Risk Management & Solutions
- A golden source for all supplier data
- Multi-source ratings for accurate, inclusive risk calculations
- Holistic macro-views of supply chain health and resilience
- Risk exposure views by business line, project, and manager
- Continually updated data and proactive alerts
- Standardized, best-practice procurement frameworks
- Vast network of suppliers and partners
- Managed TPRM and assessment services
- Integration with enterprise platforms
- Automated workflow to improve efficiency
Benefits of KY3P for Procurement
Cost Effective
Decreased costs of third-party oversight and monitoring.
Faster Deployment of Capital
Collaborate quickly and more effectively, reducing time to market.
Transparent
Operational clarity for stakeholders driven by a robust workflow engine with a full audit trail.
Reduced Risk
Secure platform to manage and exchange client information minimizes operational risk.
Time Savings
Upload once and gain permission to many, reducing time updating response.
Increased Efficiency
Information gathering for due diligence is simplified.
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We're proud of our recent awards!
- Best Corporate Actions Data Initiative, 2023
- Best Overall Sell-Side Technology Provider, 2023
- Most Innovative Regulatory Solution (Climate Risk & Transaction Reporting), 2023
- Best Overall Data Product or Service, 2023
And, we delight in supporting our customers with 24x7x365 customer service and a 98% customer service satisfaction rate.
If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at S&P Capital IQ Pro or S&P Capital IQ