Case Study: Mitsubishi Electric achieves centralized, automated third-party risk management with Ethixbase360

Mitsubishi Electric - Customer Case Study

Mitsubishi Electric US, Inc., a major global electronics company, faced challenges with an inefficient and ad-hoc third-party risk management process. Its compliance team was stretched thin, relying on cumbersome internet searches and paper-based documentation. To address this, Mitsubishi Electric partnered with vendor Ethixbase360 to implement its third-party risk and due diligence solutions.

Ethixbase360 helped centralize and automate the company's compliance programs, transforming its reporting capabilities. The solution replaced the partial ad-hoc screening with a fully effective risk-based system. As a result, Mitsubishi Electric achieved much greater efficiency and effectiveness in auditing its third-party relationships. The Senior Vice President noted the implementation was a "complete transformation" for the entire company.

Mitsubishi Electric

Jared Baker

Senior Vice President of Human Resources