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Firrn Plans to Implement Global Anti-Corruption/FCPA Program Using Hiperos
Branchburg, NJ (PRWEB) July 14, 2014
Hiperos, an Opus Global company and the leading provider of third party management software, today announced that it has secured a multi-year, seven-figure deal with one of the worlds top-10 pharmaceutical companies. The new client will be using Hiperos 3PM to implement, manage, and enforce a global Anti-Bribery/Anti-Corruption (ABAC) compliance program across their thousands of third party relationships.
Any company that operates internationally or engages offshore third parties, not just those that work in countries and industries considered to be high risk, must ensure that it has implemented effective, consistent, and enforceable anti-bribery programs. However, a significant percentage of organizations are often unclear on their responsibilities under the Foreign Corrupt Practices Act (FCPA), and almost 90% of organizations have no technology to assess, monitor, manage, and report on FCPA risk. Broaden that responsibility to include the myriad of international ABAC regulations, and the lack of clarity is even greater.
The pharmaceutical industry, in particular, is under intense scrutiny for FCPA violations, and many have been the subject of investigations by the U.S. Department of Justice and the Securities and Exchange Commission. With Hiperos 3PM, companies can effectively and efficiently identify and manage all third parties subject to the ABAC regulations, and focus their resources on those third parties deemed to be of high risk today, and automatically monitor changes that could result in a low risk 3rd party becoming high risk. Hiperos 3PM has been bench-marked to assess and manage the initial and ongoing ABAC risk associated with hundreds of thousands of third parties.
Hiperos continued growth clearly reflects an increasing concern by companies competing in the global marketplace where the need for ABAC and FCPA compliance has never been more acute, said Hiperos CEO Greg Dickinson. As is the case with many of the companies with which we work, this new FCPA/ABAC engagement is merely this clients first step in using Hiperos as their partner for developing a global platform for risk and compliance across their entire global organization.
Hiperos was recently acquired by Opus Global, and represents the foundation for Opus Globals innovative strategy of building through targeted acquisitions and direct investment, a leading technology platform that integrates solutions to address the increasingly complex compliance requirements and risks faced by companies in every industry, with an expertise in ensuring consistent application of business operations.
A big part of the reason Hiperos was attractive to Opus Global was its impressive client roster, including some of the largest companies in the world, and its stellar track record of customer growth, retention, and satisfaction, added Doug Bergeron, founder of Opus Global and Chairman of Hiperos. Todays announcement once again proves that Hiperos value proposition deeply resonates with the worlds largest companies.
Hiperos, an Opus Global company, is the leader in Third Party Management software, connecting over 300,000 third parties to many of the worlds largest companies across a range of industry verticals, including energy, financial services, food, real estate, pharmaceuticals, and technology. The companys flagship product, Hiperos 3PM, is the only solution in the market that is purpose-built to simultaneously minimize the risks of using third parties, while maximizing the value they provide. Implemented by the global 2000 and business consortia to address their expanding third party management requirements, Hiperos 3PM has become the industrys most widely used SaaS-based 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 worlds leading companies such as Aetna, Alcoa, AON, Arrow Electronics, Astra Zeneca, AXA, Bank of Montreal, CA Technologies, Charles Schwab, Huntington Bank, Kraft Foods, Mondelez, Microsoft, News Corporation, Peabody, PNC Bank, Rockwell Automation, Sun Life Financial, State Street, TD Bank, and United Technologies.
For more information, visit http://www.hiperos.com.
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