Case Study: Business NSW dramatically improves due diligence with Ethixbase360

Ethixbase360 Dramatically Improves Business NSW’s Due Diligence Process

Business NSW, a long-standing nonprofit organization representing Australian businesses, faced a significant challenge with its supplier due diligence. Their previous process, which occurred after a contract was signed and required suppliers to pay, created friction and failed to provide the necessary risk insights. This left their legal team with no leverage and mired in endless follow-up, failing to meet their objectives for understanding supplier risks.

By implementing the Ethixbase360 Third-Party Risk Management platform, the solution was transformative. Ethixbase360 streamlined the workflow by moving screening before contract signing and providing an easy-to-use modern slavery questionnaire developed with Norton Rose Fulbright. This shifted the process entirely, reducing due diligence turnaround time from months to just one or two days. The platform also offers continuous monitoring and risk-based due diligence, giving Business NSW the leverage and insights they needed to manage their supply chain effectively.

Business NSW

Neha Amin

Head of Legal and Privacy Manager