SOURCE: Hiperos, LLC

Hiperos, LLC

November 18, 2015 09:00 ET

Hiperos and Crowe Horwath Announce Strategic Partnership in Third-Party Risk Management

Leading Third-Party Management Software Combined With Leading Management Consulting and Implementation Services Will Drive Customer Value and Rapid Time-to-Market

BRANCHBURG, NJ and CHICAGO, IL--(Marketwired - November 18, 2015) - Hiperos, an Opus Global company, the world's leading provider of third-party management software, and Crowe Horwath LLP (Crowe), one of the largest public accounting, consulting and technology firms in the United States, today announced a strategic partnership to deliver third-party management solutions in the global market.

The two firms will actively collaborate on delivering value in third-party management solutions across a range of industry verticals, with a beginning focus on financial services. Future collaboration is expected in information technology, life sciences, energy, manufacturing and real estate.

"Crowe and Hiperos are a terrific fit," said Greg Dickinson, CEO of Hiperos. "We specialize in delivering world-leading third-party management software-as-a-service, and Crowe specializes in delivering world class third-party management consulting and implementations. Together we can help grow each other's businesses while adding significant value to our shared customers."

Dickinson added, "Success in third-party management requires strong collaboration and cooperation. Our customers' challenges are complex -- it's only with the best quality data, software and services that their needs can be met. The Crowe-Hiperos relationship represents another significant expansion of our growing third-party ecosystem and ability to deliver market-leading solutions."

"The Crowe-Hiperos collaboration is already bearing fruit, with our first major collaborative project now under way. It proves that technology and services combined optimally can trump more expensive services-based solution approaches, and that there are better, more cost-effective ways to solve customer challenges," Dickinson said.

The collaboration is in response to continued pressure on companies to expand their third-party management programs in line with rising governance expectations and regulatory mandates. Many companies have attempted to repurpose older applications and technologies with limited success. There has been increasing recognition of the need to manage risk and performance associated with all third parties -- not just suppliers and vendors, but also distributors, resellers, contract manufacturers, partners, affiliates, brokers and agents.

"At Crowe, we are truly excited about our collaboration with Hiperos," said Michele Sullivan, partner, Crowe Horwath LLP Risk Consulting. "Our clients are demanding comprehensive and cost-effective third-party risk management solutions. Working closely with Hiperos enables us to deliver a superior integrated solution for third-party compliance that will drive value for both existing and future customers. We look forward to rapidly growing this important part of our practice in close cooperation with the Hiperos team."

"As companies outsource ever-increasing proportions of their value chain upstream to suppliers and downstream to distributors and resellers -- yet remain legally liable for their actions -- there is a growing awareness of the necessity to tightly manage and control third-party risk," Sullivan added.

Crowe and Hiperos deliver a range of solutions including third-party risk management, anti-bribery/anti-corruption (ABAC), corporate and social responsibility, supplier risk management, information security/data privacy, performance management and contract risk management. Current activities in North America will soon be expanded into Europe with the opening of Hiperos' new London office. Through Crowe Horwath Global Risk Consulting, Crowe also delivers third-party risk services globally.

About Hiperos
Hiperos, an Opus Global company, is the leader in Third-Party Management software, connecting third parties to many of the world's largest companies across a range of industry verticals including energy, financial services, manufacturing, real estate, life sciences, and technology. The company's flagship product, Hiperos 3PM™, is the only solution in the market purpose-built to simultaneously minimize the risks of using third parties while maximizing the value they provide. Implemented by global 2000 companies and business consortiums to address their expanding third-party management requirements, Hiperos 3PM™ has become the industry's most widely used SaaS-based third-party management solution. The winner of industry awards and accolades for the proven value and low cost of ownership it delivers, Hiperos 3PM™ enables companies to protect their brand and revenues by implementing an automated, consistent approach to third-party onboarding, measurement, monitoring and controls, throughout their lifecycle. Hiperos' clients include many of the world's leading companies such as Aetna, Alcoa, AON, Arrow Electronics, Astra Zeneca, AXA, Baker Hughes, Bank of Montreal, Charles Schwab, Dow Jones, Fulton Bank, Halliburton, Huntington Bank, JLL, Kellogg, Kraft Foods, Mondelez, Microsoft, News Corp, New York Community Bancorp, Paypal, Peabody Energy, PNC Bank, Rockwell Automation, Sun Life Financial, State Street, TD Bank, United Technologies and Zion's Bancorporation. For more information, visit www.hiperos.com.

@Hiperos3PM

About Crowe Horwath LLP

Crowe Horwath LLP (www.crowehorwath.com) is one of the largest public accounting, consulting, and technology firms in the United States. Under its core purpose of "Building Value with Values®," Crowe uses its deep industry expertise to provide audit services to public and private entities while also helping clients reach their goals with tax, advisory, risk, and performance services. With offices coast to coast and 3,000 personnel, Crowe is recognized by many organizations as one of the country's best places to work. Crowe serves clients worldwide as an independent member of Crowe Horwath International, one of the largest global accounting networks in the world. The network consists of more than 200 independent accounting and advisory services firms in more than 120 countries around the world. For more information, visit www.crowehorwath.com.

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