Vcheck Global announced the launch of Vcheck RED (Rapid Enhanced Diligence), a software platform that delivers automation and expertise in third-party due diligence from a centralized, global cloud environment.
“We are thrilled to add a first-class software platform to the market-leading investigations and diligence services that Vcheck Global has become the go-to provider for among compliance, risk, and legal professionals. The world is changing and globalizing at a record rate, and our clients share with us every day their challenges in managing risk and meeting compliance requirements while trying to serve their stakeholders at the increasingly fast pace of business,” said Julie Peck, CEO of Vcheck Global. “The corporate compliance, financial services, private equity, and legal industries find deep expertise and service focus in Vcheck Global’s core due diligence and background investigation services. By combining our leading background services and a new cloud-based automation platform, clients can now screen and monitor high-volume supply chains and third-party portfolios, and order deep-dive enhanced due diligence reports—all from one place. This provides our clients with the right tool, at the right time, at the touch of a button.”
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Vcheck RED is a robust third-party risk management platform delivered through a strategic partnership with ethiXbase, a value chain sustainability solutions company that assists corporates and their third parties to create and maintain a sustainable supply chain globally through due diligence and compliance technology solutions.
“We chose to partner with ethiXbase, a leading technology company, to provide our new platform rather than build it ourselves,” explained Peck. “Building market-leading software requires experienced technology and engineering capabilities, and ethiXbase has a talented and visionary team behind their innovative software solutions. Combining ethiXbase’s technology strength with Vcheck Global’s investigative talent gives us the best in class in both.”
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The configurable, flexible Vcheck RED platform has customizable workflows, screening logic, communications templates, and reporting, while providing content and user interface options in multiple languages. The platform can also be easily integrated with other systems within clients’ IT environments.
Leas Bachatene, CEO of ethiXbase, described the partnership with Vcheck Global as a significant milestone in his company’s expansion into the U.S. market. “Elevating global third-party compliance standards through industry-leading and cost-effective third-party management and due diligence technology solutions is what our company has been about since its inception,” said Bachatene. “Fueling Vcheck Global with the latest technology and third-party workflows from ethiXbase will open up strategic and successful engagements with clients when addressing third-party risk.”
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