Transforming Supplier Due Diligence from Manual to Automated

Challenge

A mid-sized Australian organisation in the retail sector had long been conducting its

modern slavery risk assessments and producing their annual Modern Slavery Statement

entirely by hand. Every year, the team had to reassess each supplier from scratch,

manually input data into spreadsheets, and compile a compliant statement for submission

to the Australian Government. This process was not only time-consuming but also prone to

human error and inconsistencies.

Solution

By transitioning to the iPRO Modern Slavery Assessment Tool, the organisation simplified

their approach. The tool automated supplier onboarding and assessment workflows,

allowing the compliance team to quickly gather supplier data and update their annual

Modern Slavery Statement with minimal manual effort. Given that key tasks for data

collection and reporting could be streamlined and automated, the team could focus on

addressing supply chain risks and working collaboratively with suppliers to close any gaps.

Results

With iPRO, the organisation reduced the time spent on assessments by over 70%. They

found the process to be far more efficient and cost-effective, as it significantly cut down

on work hours and reduced the risk of human error. The team could now focus more on

strategic oversight rather than administrative tasks. Additionally, the streamlined

workflow ensured that the annual Modern Slavery Statement was consistently accurate

and ready for submission well ahead of deadlines.

Top 10 Benefits

1. Reduced Due Diligence Costs: Significantly reduce the cost of modern slavery due diligence, company-wide.
   

2. Enhanced Legislative Compliance: Meet Australian modern slavery reporting requirements seamlessly.
   

3. Increased Supplier Transparency: Gain clearer visibility into your supply chain across product categories and geography.
   

4. Higher Supplier Engagement: Increase supplier response rates with clear, automated onboarding steps.
   

5. Higher Supplier Engagement: Increase supplier response rates with clear, automated onboarding steps.
   

6. Improved Customer Trust: Demonstrate significant efforts on ethical sourcing to customers, business partners and stakeholders.
   

7. Streamlined Risk Reporting: Easily generate risk reports for internal and client-facing needs.
   

8. Reduced Admin Time: Cut down on manual effort by automating compliance administration tasks.
   

9. Simplified Compliance: Ensure every supplier can easily engage in modern slavery assessment and compliance.
   

10. Better Risk Mitigation: Simple tools to identify risks early, and have your suppliers address any gaps in policies and procedures.