GTDC Launches Global Anti-Bribery and Anti-Corruption Platform
April 07 2014 - 9:00AM
Marketwired
GTDC Launches Global Anti-Bribery and Anti-Corruption Platform
New Agreement With Hiperos and Thomson Reuters Directly
Addresses Current Costs and Complexities of Third-Party Risk for
the Global Technology Industry
ST. PETERSBURG, FL--(Marketwired - Apr 7, 2014) - The Global
Technology Distribution Council (GTDC) today announced that it has
launched an anti-bribery and anti-corruption (ABAC) due diligence
platform. The platform, developed in conjunction with Hiperos
and Thomson Reuters, will be delivered as a managed network to both
GTDC members and other non-member technology firms.
The GTDC Anti-Bribery/Anti-Corruption Platform combines
processes and best practices developed by GTDC members with
Hiperos' award-winning third-party management software as a service
solution and Thomson Reuters highly regarded screening risk
assessment and due diligence services.
The GTDC represents the world's leading technology distributors
who collectively drive more than $130 billion in annual worldwide
sales of products, services and solutions through dynamic business
channels. The GTDC Anti-Bribery/Anti-Corruption Platform is
designed to address the massive scale, as well as the current
costs, complexity and redundancy of performing due diligence across
tens of thousands of third parties. In addition to eliminating
redundant processes and costs, participating companies expect to
create a consistent, best-in-class solution that will become the
standard for the technology industry. This is achieved by
implementing consistent processes and by eliminating the need to
vet and monitor the same third party multiple times, while securely
sharing the results with each participating firm.
"The vast majority of ABAC investigations involve illegal
payments made by third parties on behalf of an organization. This
is particularly challenging for companies in the technology
distribution industry whose business depends on third parties,"
said Tim Curran, CEO of the GTDC. "During our research process, it
became clear that traditional approaches to third-party due
diligence for ABAC were inadequate and unable to address our
members' needs. We are pleased to have joined forces with Hiperos
and Thomson Reuters to create an innovative approach to due
diligence that addresses the requirements of the technology
industry."
The GTDC Anti-Bribery/Anti-Corruption Platform has been
developed with the knowledge that every company participating in
the GTDC platform has unique business requirements, opportunities,
challenges and objectives. As such, the platform allows each member
to decide individually how they want to score risk and if and how
they want to proceed with the third party while, at the same time,
removing the burden of initial and ongoing due diligence and
monitoring.
"Through the work we've done with some of the largest
corporations in the world, Hiperos thoroughly understands and
appreciates the intricacies of ABAC due diligence," said Greg
Dickinson, CEO of Hiperos. "The GTDC has broken new ground with the
adoption and implementation of a network solution to manage ABAC
risk. Their unique approach to an issue that poses reputational and
fiscal risk to the entire technology industry will provide
substantial savings to participating companies."
Learn more online about the GTDC Anti-Bribery/Anti-Corruption
Platform, or email the GTDC at info@gtdc.org.
About The Global Technology Distribution Council The Global
Technology Distribution Council (GTDC) is a worldwide industry
association dedicated to defining and promoting the role of
wholesale distribution in a successful and healthy information
technology channel. The Council is comprised of the computer
industry's top wholesale distributors dedicated to serving "the
channel," a network of skilled value-added resellers and retail
stores focused on providing hardware, software, and services to
businesses and consumers around the globe. GTDC members include AB
S.A (WSE: ABPL), ABC Data, ALSO (SIX: ALSN), Arrow Electronics
(NYSE: ARW), Avnet (NYSE: AVT), Computer Gross Italia, Copaco N.V.,
DCC SerCom, D&H Distributing, Esprinet (PRT.MI), Ingram Micro
(NYSE: IM), Intcomex, Logicom (CSE: LOG), Officer Distribuidora,
Redington (BSE: REDI), SiS Technologies (HKSE: 0529), ScanSource
(NASDAQ: SCSC), SYNNEX (NYSE: SNX), Tech Data (NASDAQ: TECD),
Westcoast LTD and Westcon Group.
GTDC MEDIA CONTACT: Chuck Miller (727) 432-4097 Email
Contact
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