KPMG Risk RADAR
Modules of KPMG Risk RADAR
KPMG Risk RADAR provides five modules which may be used separately. Checks may be conducted both in a "single" mode (for a certain third party) and a "batch" mode (for many third parties simultaneously). Monitoring of risks and events enables execution of repeatable checks of third parties and updates of the results of the analysis
Some or all of the services described herein may not be permissible for KPMG audit clients and their affiliates or related entities
Reliability check (Due diligence)
Identification and analysis of tax risks, including checks according to the article 54.1 of the Tax Code of the Russian Federation

Assessment of financial risks and signs of bankruptcy, including predictive analytics

Review of arbitrage litigations and enforcement procedures
Affiliations and conflicts of interest
Identification and visualization of affiliations (links) between active and potential counterparties, tender participants

Analysis and visualization of potential conflicts of interest between current counterparties / tender participants and employees of a company (including their potential relatives)

Check of candidates on potential conflicts of interest within employment procedure
Compliance
Check of links of potential or current counterparties and their affiliated individuals with companies and individuals included in international black and sanctions list, internal black lists of a company

Identification of links with politically exposed persons

Identification, monitoring and assessment of negative references about potential or current counterparties and their affiliated individuals in mass media
Transaction analysis
Analysis of information on operations (transactions) from ERP (accounting) systems for identification of suspicious or fraudulent transactions
Supplier accreditation
Supplier's portal – an instrument for interaction between potential suppliers and responsible employees of a company (for provision and review of information and documents)

Recognition of documents and import of data for risk assessment and analysis
Monitoring
Periodic checks of status of third parties (registration data changes, new risks)

Notifications for responsible employees on the results of monitoring
Reliability check (Due diligence)
"Single" or "batch" checks of counterparties for identification of tax and financial risks with formation of a rating which includes details on each risk. Reports are generated automatically in a required format

Checks are conducted according to more than 25 risk tests based on best practices of KPMG
Tax risks

Include assessment of business activities, directors and shareholders, contact details of a counterparty and its tax discipline
Financial risks
Assessment of financial statements of a third party and key financial indicators
Affiliations and conflicts of interest
Module's features
Identification and visualization of affiliations between third parties, detection of potential conflicts of interest

The functionality includes editing of affiliation charts (adding, deleting of objects and links etc.), charts in PNG/JPEG formats, automated "parsing" of big charts


Identification of affiliations of counterparties and tender participants

Revealing potential pricing manipulations within tender procedures

Analysis of links between counterparties and employees

Check of candidates for employment for potential links with current employees and counterparties

Configuration of parameters of identification of links

Interface for modification of charts

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Identification of relatives and friends using social networks
Modification of charts: adding and deleting objects and links, JPEG/PNG charts
Turnover (financial information) from accounting systems
Many types of links – via address, telephone, tenders, transactions, registration data
Actual data on directors and shareholders
Compliance
Module's features
"Single" or "batch" checks of counterparties and their affiliated individuals from the perspective of compliance and reputational risks. The functionality enables minimization of labor costs of compliance and legal department specialists for ensuring compliance with regulatory requirements and rapid reaction on deterioration of business reputation of third parties
Search of various negative references about a company and its affiliated individuals in mass media

Customization of search keywords, deduplication of news and sources of information for comfortable analysis

Automated assignment of ratings for companies and their directors / shareholders based on available information

Analysis of inclusion of a company and key individuals in international black and sanctions lists

Identification of key individuals of a company affiliated with politically exposed persons

Analysis of arbitrage litigations with involvement of an analyzed third party
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Usage examples
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Search of news on various topics – corruption, AML, criminal, etc.
Configuration of keywords for a search
Grouping news and sources
Public officials
Basic information on sanctions
Transaction analysis

Transactions from ERP systems may be imported to KPMG Risk RADAR for conducting a set of risk tests (including those designed or customized according to the Client's needs). Risks revealed as a result of transaction analysis, are taken into account for compilation of the overall rating of a counterparty which may be used, for example, for decision-making on prolongation of contracts or calculation of credit limits
20+ tests for identification of inefficiencies in procurement processes
25+ tests for highlighting suspicious or fraudulent transactions and suppliers
Supplier accreditation
The module is designed to automate interaction with potential suppliers which provide documents for participation in procurement procedures. Usually analysis of documents and verification of reliability of a counterparty is conducted manually and takes a lot of time. "Supplier accreditation" module enables collection of documents of a counterparty in a consolidated database and a counterparty itself is subject to automated screening via risk tests in other modules of KPMG Risk RADAR

Registration of potential counterparties (tender participants) on a dedicated online portal designed by KPMG (also integration with available tender portal of a company may be made)

Provision of information by a counterparty (including supporting documentation), cross-check of the provided data against open sources, additional verification

The data and documents are transferred to responsible employees of a company

Automated verification of a counterparty using other modules of KPMG Risk RADAR
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Basic information from open sources
Information provided by a potential counterparty (tender participant)
Using the online portal, a counterparty's representative provides relevant information
Automation of collection of documents from a counterparty
Monitoring
Monitoring enables periodic checks of data of third parties for identification of changes in registration data, directors or shareholders, emerging of new risks

The system consolidates information about various events and forms automated notifications for responsible employees (in the interface and/or via email) for taking corrective measures
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Monitoring of counterparties and employees
Customization of periodicity and events of monitoring
Filtration of required parameters
Risk of events
Short description
Automation of the working process of an analyst
Some or all of the services described herein may not be permissible for KPMG audit clients and their affiliates or related entities
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Some or all of the services described herein may not be permissible for KPMG audit clients and their affiliates or related entities
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