Business Partner Risk Management ("BPRM")

This service offering to RMG clients verifies documents for reliable risk management and due diligence of suppliers, making use of various accredited data sources benchmarked against information giants such as TransUnion. The online web-based platform aims to reduce risk and save time for effective supply chain management processes by providing an online platform for buyers, clients, and suppliers.

Inclusive of the above, various forensic analytic tools have been deployed in this system to detect, red flag and eradicate commercial crime. The basis of this self-developed software is to comply with basic legislative prescriptions and identify red flags. The majority of RMG’s current client base makes use of this proactive service offering.

RMG offers Supply Chain Risk Management ("SCRM") services, aimed at reducing risks and providing security for both users and clients. The Supply Chain Risk Management system will empower local suppliers by:

  • Creating an online portal where suppliers in the local communities are now able to participate in sourcing events (RFQs or Request for Quotes & Tenders)
  • Working with local suppliers to work towards full compliance with equal opportunities
  • Working with suppliers to attain a state of full legal transparency to strengthen customer-client relations

And by utilising various RMG approved systems to help govern the suppliers who will be eligible. Benefits that will be offered to clients include:

Enhancing procurement spend and the regulation thereof by giving clients the option to choose between multiple quotes from eligible suppliers.

Supplier Vendor Management assists in building an environment where business can be conducted with integrity, respect and mutual trust amongst those involved in the procurement process to comply with:

  • Standards
  • Ethical Norms
  • Eradicate Commercial Crime
  • Promote sound governance and good business practice
  • Reduced reputational risk
  • Central cloud-based database of verified and accredited suppliers
  • End-to-end solution: onboarding, verifying and sourcing
  • Built to assist procurement departments - captures key information
  • Eliminates manual vendor applications and suppliers maintain their own profiles
  • Suppliers are guided to becoming compliant via a dedicated help desk
  • Assist directors in an advisory capacity with compliance and fiduciary duties

Why RMG SCRM

  • Ability to integrate with ERPs(Enterprise Resource Planning)/white-label to accommodate specific client requests
  • Minimise buyer manual intervention to achieve actual bottom line savings
  • Promotes local procurement and/or B-BBEE (Black-Based Broad Economic Empowerment)spend
  • Allows for informed decision making
  • Physical risk assessment to mitigate risk
  • Reduce fraud, corruption & unethical business practices
What is included in the RMG SCRM services?
Compliance verifications:
  • BBBEE (Broad-Based Black Economic Empowerment) certification
  • Tax Compliance
  • Letter of Good Standing - Workman’s Compensation
  • Additional client-specific compliance verifications
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