The collaboration is in response to continued pressure on companies to improve their ABAC programs in line with rising governance standards and regulatory mandates, including the Foreign Corrupt Practices Act (FCPA), and increasing demand for better responsiveness and performance.
There has been growing recognition of the need to monitor ABAC risk for the superset of all third parties, not just narrow pre-selected subsets of the larger group. The initiative recognizes that monitoring all third parties on a continuous basis maximizes effectiveness in detecting bad actors.
The solution covers a broad range of third parties including distributors, re-sellers, partners, affiliates, suppliers, vendors, brokers and agents. It also covers a complete range of industry verticals including media and entertainment, oil and gas, life sciences, defense, energy, financial services, retail, manufacturing, real estate and technology.
“There’s a strong synergy between Hiperos and Dow Jones,” said Greg Dickinson, CEO of Hiperos. “With its high-quality, real-time risk and compliance data, and our world-leading, third-party anti-bribery/anti-corruption management software, we complement each other perfectly. It’s an ideal match – and another great expansion of our growing third-party ecosystem.”
“At Dow Jones we are excited about this new partnership with Hiperos,” said Joel Lange, Managing Director, Dow Jones Risk and Compliance. “The value of our risk and compliance data is maximized when it reaches its end users as quickly as possible with all requisite processes promptly completed. The real-time connection between Dow Jones’ data and Hiperos’ software combines the best of both worlds – delivering a big win for all our customers.”
Dow Jones is an existing user of the Hiperos 3PM Platform for its own anti-bribery/anti-corruption compliance program and plans to use the new interface to improve automation of its own ABAC activities.
Hiperos, an Opus Global company, is the leader in third-party management software, connecting third parties to many of the world’s largest companies across a range of industry verticals including energy, financial services, manufacturing, real estate, life sciences and technology. The company’s flagship product, Hiperos 3PM™, is the only solution in the market purpose-built to simultaneously minimize the risks of using third parties while maximizing the value they provide. Implemented by global 2000 companies and business consortiums to address their expanding third-party management requirements, Hiperos 3PM™ has become the industry’s most widely used SaaS-based third-party management solution. The winner of industry awards and accolades for the proven value and low cost of ownership it delivers, Hiperos 3PM™ enables companies to protect their brand and revenues by implementing an automated, consistent approach to third-party on-boarding, measurement, monitoring and controls, throughout their life cycle. Hiperos’ clients include many of the world’s leading companies, such as Aetna, Alcoa, AON, Arrow Electronics, Astra Zeneca, AXA, Baker Hughes, Bank of Montreal, Charles Schwab, Dow Jones, Fulton Bank, Halliburton, Huntington Bank, JLL, Kellogg, Kraft Foods, Mondelez, Microsoft, News Corp, NYC Bancorp, Paypal, Peabody, PNC Bank, Rockwell Automation, Sun Life Financial, State Street, TD Bank, United Technologies and Zion’s Bank. For more information, visit http://www.hiperos.com.
About Dow Jones & Company
Dow Jones is a global provider of news and business information, delivering content to consumers and organizations around the world across multiple formats, including print, digital, mobile and live events. Dow Jones has produced unrivaled quality content for more than 125 years and today has one of the world’s largest newsgathering operations with nearly 2,000 journalists in more than 75 bureaus globally. It produces leading publications and products including the flagship Wall Street Journal, America’s largest newspaper by paid circulation; Factiva, Barron’s, MarketWatch, Financial News, DJX, Dow Jones Risk & Compliance, Dow Jones Newswires, and Dow Jones VentureSource.