Who we help
Procurement and sourcing
Get expertise and assistance in selecting the right supplier to avoid legal, regulatory and reputational risks.
Our solutions can help you assess whether your proposed supplier has financial strength, delivery expertise and an integrity profile that is favourable to your business.
Selecting the right suppliers is a growing field, with a raft of new legislation and expectations being placed on procurement and vendor-management teams. Those expectations are complex because they involve several different stakeholders in the company representing the various functional groups that now want to be involved in supplier compliance.
In the procurement of a new supplier, it is common to see the following teams involved:
Legal – to oversee contracts and legal risk, confidentiality, privacy and intellectual property
Compliance – to consider Foreign Corrupt Practices Act and bribery risks (as required by law and policies)
Export control and trade compliance – regarding inbound licenses and approvals
CSR teams – for supplier conformity with standards around human rights, the environment and sustainability
Finance – for reviewing financials and business statuses
Safety – for reviewing safety practices
Privacy counsel – for reviewing the use of private information and General Data Protection Regulation compliance
Information services and technology – for access to systems and hosting
Are you a procurement professional? Contact us now to get help understanding the challenges of managing all these stakeholders and the onboarding process.
Why The Red Flag Group®?
Having helped companies select and onboard more than 200,000 suppliers and individuals across 194 countries, we know what to look for to spot and manage potential supplier risks.
Your suppliers come from all around the world, and so do we. Our experts are placed across five continents and speak 45 different languages.
We have developed and maintain a database on companies and people that have been engaged in compliance issues, most of which are suppliers to global companies.
Being risk experts, we help you spot corruption, what a conflict mineral is, where there are risks in the misuse of private information on individuals, and the intricacies of information-security issues.
We have the platform to make all this information accessible as a SaaS offering, with excellent implementation and ongoing managed services support.