Hiperos Publishes Blueprint for 3rd Party Training

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Next Generation Technology Designed to Help Businesses Eliminate One of the Most Challenging Aspects of an Effective Compliance Program



"We’ve developed a tried and tested Blueprint to help corporate stakeholders take appropriate, proactive steps to develop and implement a successful 3rd party training program,”says Greg Dickinson, CEO.

Hiperos, the leading provider of high performance Software as a Service solutions for 3rd party management (3PM), today announced that it has published an important new publication: “Blueprint for 3rd Party Training”. Developed in conjunction with corporate counsel, anti-corruption executives and other subject matter experts at some of the largest corporations in the world, Hiperos’ Blueprint is designed to guide organizations through the hallmarks of an effective training program for 3rd parties.

Specifically, it addresses the core difficulties associated with training 3rd parties:

  •     Which 3rd parties need to be trained?
  •     Who at those 3rd parties – the learners – should be trained?
  •     How do companies manage training for new 3rd parties and new learners?

Hiperos’ Blueprint was developed in response to growing concerns by organizations regarding their ability to effectively deliver training to their 3rd parties. Regulatory pressures, particularly in areas such as anti-bribery and anti-corruption, are forcing organizations to evaluate the effectiveness of their existing compliance programs. While organizations may recognize that training their 3rd parties is as critical as training their employees, few have successfully implemented a 3rd party training program. Recent research points to more than 80% of companies providing no training whatsoever to their 3rd parties, with the remainder only providing partial training. Although an increasing number of organizations publicly advocate their corporate compliance and governance programs, few are mandating training of their 3rd parties on those programs.

“Training continues to be the one of most critical and problematic areas of companies’ compliance programs,” noted Greg Dickinson, CEO of Hiperos. “Traditional training has done nothing to address the inability of organizations to easily identify which individuals require training. Through the work we’ve done with some of the largest corporations in the world, Hiperos understands the intricacies of 3rd party training as well as the limitations of current approaches. We’ve developed a tried and tested Blueprint to help corporate stakeholders take appropriate, proactive steps to develop and implement a successful 3rd party training program.”

Hiperos’ “Blueprint for 3rd Party Training” is available for download from its website here. The Blueprint is divided into five key steps that walk an organization through the process for effective 3rd party training. These sections provide critical, actionable steps that include: understand who needs to be trained; coordinate learner registration; delivery of training, testing and attestation; audit reporting; and ongoing training needs.
Hiperos has proven success in risk identification and management. Leveraging its Blueprint for 3rd Party Training approach, one of Hiperos’ customers has delivered training to 14,000 individual users in less than two months. Hiperos’ software solutions for 3rd party management help customers oversee and monitor a complex and dynamic network of 3rd party partners that are integral to the multi-billion dollar transaction of goods and services around the world.

About Hiperos
Hiperos simplifies the complexity of 3rd Party Management (3PM). Through its flagship Software-as-a-Service solution, Hiperos helps companies avoid a value shortfall and fully realize the benefits of using 3rd parties to maximize the value and minimize the risk around brand reputation, achieve regulatory compliance and optimize the customer experience. Hiperos’ clients include many of the world’s leading companies such as Aetna, AON, Astra Zeneca, Bank of Montreal, CA Technologies, Charles Schwab, Microsoft, PNC Bank, State Street, TD Bank, and United Technologies. For more information, visit http://www.hiperos.com.

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Press Contacts:
Marie-Charlotte Patterson
W: +1.908.981.0060

Carmen Hughes
Ignite Public Relations
W: +1.650.453.8553

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