ISPnext and Hellios improve FSQS-NL data management for financial institutions, focusing on efficient supplier management and risk management.
Suppliers complete their details once for every participating institution.
FSQS-NL data becomes available in the purchasing process without a separate request.
Financial institutions assess suppliers on a shared, validated basis.
ISPnext and Hellios are working together to enrich and better manage supplier information for financial institutions. With this collaboration, it is now possible for the FSQS-NL community to efficiently integrate FSQS-NL data from Hellios within the ISPnext platform. This results in instant access to up-to-date supplier information and DORA-related data ensuring efficient working practices to meet compliancy laws and regulations.
This automated integration enables financial institutions to manage their supplier data within one platform promoting accessibility and improving the efficiency of supplier assessments for stakeholders in the business such as Procurement, Contract Management and Subject Matter Experts.
Hellios offers a proven supplier management service designed specifically for highly regulated sectors such as Financial Services and Defence & Aerospace. Unlocking FSQS-NL data directly in ISPnext creates a solution that eases pressure on the increasing risk management and compliance requirements for customers, especially around the DORA Contract Remediation & Information Register.
Philip Maund, Regional Director at Hellios says: “With this integration, we offer our FSQS-NL Community the ability to streamline their supplier assessments, combining our validated third-party risk & compliance data with ISPNext’s tooling. This partnership reflects our commitment to driving innovation and delivering value to our customers tailored to their increasing regulatory needs.”
Get the whitepaper and discover in 5 steps how to optimise Vendor Management and get maximum value from your supplier relationships.
Maarten de Ru, Director Product, Partner & Solution Consulting at ISPnext, added: "This integration is of great value to our customers in the financial sector, who have to continuously respond to changing market conditions and regulations. Thanks to the collaboration with Hellios, our customers can enrich supplier data, optimise compliance processes and thus meet compliance issues faster."
“The integration streamlines supplier assessments with validated compliance data and ISPnext's tooling, focusing on innovation and customer value within stricter regulations.”
Hellios is a leading provider of supplier data management solutions, helping businesses streamline the collection and management of supplier information. Founded in 2012, Hellios has grown into a global community of buying organisations and suppliers, with a presence across the UK, Ireland, Netherlands, Denmark, Spain, and Australia. Serving the financial services, aerospace, and security industries, Hellios is committed to driving operational efficiency and reducing supply chain risks - because at Hellios, confidence is everything. For more information, visit Hellios.