The supplier record
Reconcile the legal entity, service provided, business owner and available contract records. Record unresolved differences rather than assuming the source lists agree.
FCA REGULATORY CHALLENGES
Third-party oversight
Resolve missing supplier information and weaknesses in ongoing oversight.
THE BUSINESS ISSUE
A supplier register is only as useful as the information behind it
Procurement may hold the contract, IT the service details and Operations the continuity arrangements. If these records disagree or are out of date, the firm can struggle to assess its exposure, follow up concerns or prepare a reliable management report.
How CoSure can help
CoSure helps reconcile the supplier information held across the business, identify gaps affecting the risk assessment and assign the follow-up work to the relevant teams.
What the engagement can deliver
You receive an assessment of the supplier records in scope, a list of missing or inconsistent information and recommendations for review responsibilities and reporting.
Discuss your requirementsManage this work in Lexa AITHE WORK WE REVIEW
Supplier information and review arrangements
Assurance and continuity
Review the availability and age of assurance reports, continuity information and documented exit arrangements. Identify matters needing supplier clarification.
Ongoing oversight
Examine review dates, outstanding requests and escalation arrangements so overdue work can be reported and assigned.
The proposal confirms the activities, records and teams covered, together with any specialist input required. Your firm reviews the findings and approves the response.
OTHER AREAS