Pressing sustainability challenges and decreasing vertical integration demand new approaches to supply chain risk and compliance management. With end-to-end, rapidly implementable, supply chain risk & compliance solutions, supply networks can be assessed, early warning indicators can be created, and sustainability issues can be managed. This minimizes production downtime, criminal or civil consequences, and reputational damage.
Munich, 7th March 2022 - SHS Viveon AG (m:access ISIN DE000A0XFWK2 / WKN A0XFWK), provider of a modular platform for the digitalization of risk, credit and compliance processes, announces a cooperation with msg Rethink Compliance GmbH, the anti-financial crime specialist within the international msg group. As part of its growth strategy in compliance software, SHS Viveon AG is significantly strengthening its capacities for the implementation of innovative compliance solutions worldwide with this cooperation.
The competencies of both companies complement each other ideally, to implement international supply chain compliance requirements. As a solution provider, SHS Viveon contributes one of the leading platforms for compliance and risk management as well as its technical and conceptual expertise to the partnership. msg Rethink Compliance supports the implementation of sustainable compliance solutions in Europe and internationally as a consulting and implementation partner.
Ralph Schuler, CEO of SHS Viveon, points out the pressing challenges in these areas: “Suppliers, being part of global supply chains, as well as the manufacturers themselves, are facing more and more national and international auditing and reporting obligations. SHS Viveon is continuously investing in its modular decision and risk management platform, adding a supply chain compliance solution, specifically designed for global supply chains, to its existing portfolio. The partnership with msg Rethink Compliance expands our ability to offer customers worldwide a platform-based, flexible and scalable solution for supply chain risk and compliance management.”
Dirk Findeisen, Managing Director of msg Rethink Compliance adds: “In addition to avoiding significant financial damage due to supply chain disruptions or lack of compliance, it is primarily the reputational risks that need to be managed. Who wants to be in the headlines with child or slave labor, conflict materials, bribery, environmental violations or accusations of greenwashing? Above all, the need for holistic risk management instead of exclusively legal compliance management is experiencing steadily increasing demand. Here we see SHS Viveon with its modular portfolio and risk and compliance management solutions as an excellent platform partner."
In addition to identity and integrity management of business partners and the associated risk management as part of know-your-customer routines, SHS Viveon’s Supply Chain Compliance solution also incorporates bribery and corruption prevention as well as environment-social-governance (ESG) management. This way, the solution meets national and international requirements covering the German act on corporate due diligence obligations in supply chains, money laundering requirements for trade in goods (AML) or regulations such as the UK Bribery Act or the US Foreign Corrupt Practice Act (FCPA).
About SHS Viveon
SHS Viveon has made it its mission to significantly simplify the management of corporate financial and regulatory risks. The SHS Viveon platform enables risk, credit, and compliance management teams to automatically identify, assess, and hedge risks in a flexible, digital process. It simplifies access to all relevant data from any system, automates processes, improves analysis and simulation, and enables better business decisions. SHS Viveon was founded in 1991 and has been listed on the m:access segment of the Munich Stock Exchange since 1999.
ISIN DE000A0XFWK2 / WKN A0XFWK
www.shs-viveon.com
