The oil and gas industry is highly global, complex and volatile. From oil exploration to production to refining, from transportation to go-to-market, the industry is also characterized by extreme reliance on worldwide outsourcing and use of third parties.
Opus can help you:
Hiperos 3PM™: An award-winning, market-leading solution to Oil & Gas challenges
The award-winning Hiperos 3PM platform is designed to manage the third-party management challenges of Global 2000 enterprises, including oil & gas leaders. Companies use Hiperos to address challenges such as:
- Global bribery and corruption, including FCPA violation enforcement
- Inability to make financial health evaluations on suppliers and third parties, resulting in potential supply chain disruption
- Vendor/supplier risk from lack of visibility into oil & gas customers and suppliers globally
- Lack of a single view of customers and suppliers globally before and after M&A activity, resulting in inaccurate data and decisions
- Information security risk resulting from third- and fourth-party access to information
- Lack of time and resources to focus on third-party risk across the extended enterprise
- Inconsistent global supplier performance management standards or scorecards (e.g., Vendor Code of Conduct)
With Hiperos 3PM™ you can:
Create a single, accurate view of your third parties across multiple data sources
Collect third party data across your enterprise and answer the most important question first: who I am doing business with?
Accurately identify all your third parties - then manage, assess and monitor them.
Understand your third-party relationships and automatically manage and monitor them in accordance with their risks
Take a risk-based approach to your third parties and intermediaries, applying appropriate due diligence and risk assessment.
Opus can help you tailor your approach based on your organization's risk tolerance and model. We can even complete assessments for you.
Manage all your third party risks, from ABAC through financial health
Continuously assess, monitor and manage third parties from onboarding through risk determination, compliance requirements and performance, across even the largest oil & gas organizations.
Manage your most critical risks, from anti-bribery and corruption to financial health and beyond.