BRANCHBURG, N.J. & CHICAGO--(BUSINESS WIRE)--Hiperos, an Opus Global company, the world’s leading provider of third-party management software, and Grant Thornton, a member firm of Grant Thornton International, one of the world’s leading independent audit, tax and advisory firms, today announced a strategic partnership to deliver third-party management solutions across the United States.
The new strategic alliance brings together two key components of the third-party compliance value chain: software and services. The two firms will actively collaborate on delivering value in third-party management solutions across a range of industry verticals including life sciences, energy, financial services, manufacturing, real estate and technology.
The collaboration is in response to continued pressure on companies to expand their third-party management programs in line with rising governance standards and regulatory mandates. There has been increasing recognition of the need to manage risk and performance associated with all third parties-not just suppliers and vendors, but also distributors, resellers, contract manufacturers, partners, affiliates, brokers and agents.
“As companies outsource ever-increasing proportions of their value chain upstream to suppliers and downstream to distributors, yet remain legally liable for the activities of these third parties, there is a growing awareness of the need to manage this third-party risk,” said Greg Dickinson, CEO of Hiperos.
“There’s a natural synergy between Hiperos and Grant Thornton,” Dickinson continued. “Our focus is on delivering world-leading third-party management software, and Grant Thornton is focused on excellence in third-party management consulting, best practices and implementation. We complement each other perfectly-it’s a great fit.”
“At Grant Thornton we are excited about our collaboration with Hiperos,” said Lisa Walkush, Principal and Life Sciences Advisory Services Leader, Grant Thornton LLP. “This gives us the opportunity to provide a truly integrated solution for third-party compliance. We’ve found this to be a key issue for large companies in all industries, particularly those in highly regulated industries such as Financial Services. Partnering with Hiperos will help drive value for both existing and future customers.”
Grant Thornton and Hiperos will jointly deliver a range of third-party management solutions including third-party management, anti-bribery/anti-corruption (ABAC), corporate and social responsibility, supplier risk management, data privacy/information security, performance management and contract risk management.
Hiperos, an Opus Global company, is the leader in Third-Party Management software, connecting over 380,000 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 onboarding, measurement, monitoring and controls, throughout their lifecycle. 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, CA Technologies, Charles Schwab, Fulton Bank, Halliburton, Huntington Bank, JLL, Kellogg, Kraft Foods, Mondelez, Microsoft, News Corporation, NYC Bancorp, 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 Grant Thornton LLP
Founded in Chicago in 1924, Grant Thornton LLP (Grant Thornton) is the U.S. member firm of Grant Thornton International Ltd, one of the world’s leading organizations of independent audit, tax and advisory firms. In the United States, Grant Thornton has revenue in excess of $1.3 billion and operates 57 offices with more than 500 partners and 6,000 employees. Grant Thornton works with a broad range of dynamic publicly and privately held companies, government agencies, financial institutions, and civic and religious organizations.
“Grant Thornton” refers to Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd (GTIL). GTIL and the member firms are not a worldwide partnership. Services are delivered by the member firms. GTIL and its member firms are not agents of, and do not obligate, one another and are not liable for one another’s acts or omissions. Please see grantthornton.com for further details.