Aurecon – Enhancing efficiency in supplier risk assessment

Aurecon is a leading global engineering and advisory company committed to driving innovation and excellence in its operations. To enhance efficiency in supplier onboarding and supplier risk assessment processes, Aurecon sought a solution that would provide comprehensive insights and seamless workflows, including compliance with Australia’s Modern Slavery Act.

The Challenge

Aurecon needed a more detailed and efficient way to assess both suppliers and clients across its supply chain. The incumbent platform and processes lacked the depth of information required, leading to several key challenges: 

Manual and time-consuming supplier onboarding using PDFs and emails 

Difficulty integrating risk assessments from Dow Jones and financial due diligence checks from Dun & Bradstreet 

Limited flexibility to modify survey questions based on evolving needs 

Inefficient ad hoc reporting and audit processes, making it difficult to assess supplier risks quickly 

The need for industry and regional-based supplier risk assessments, as well as financial due diligence for clients 

As the project evolved, Aurecon expanded its scope to include legal risk assessments, exposure analyses, and financial due diligence, ensuring a comprehensive approach across multiple business functions. 

The Solution

Aurecon partnered with Informed 365 to automate and streamline supplier onboarding, risk assessments, modern slavery compliance checks, and client due diligence. The platform replaced manual processes with an integrated, standardised workflow, allowing suppliers to submit required information seamlessly. Informed 365’s built-in modern slavery assessment functionality allowed Aurecon to assess risks effectively and ensure compliance with local and international regulations. Additionally, supplier registration workflows were optimised, allowing new suppliers to onboard quickly. 

With third party integrations from Dow Jones and Dun & Bradstreet, Aurecon gained real-time insights into supplier risks and client financial stability, and modern slavery exposure. The platform’s flexibility enabled quick modifications to survey questions to address emerging compliance requirements and facilitated ad hoc reporting, significantly improving efficiency and risk management. 

The Result

30% reduction in supplier onboarding time, with an expected improvement to 70% 

Automated workflows for supplier engagement, risk assessments, modern slavery compliance, and financial due diligence 

Real-time ad hoc reporting, allowing for rapid audits (instead of manually sorting through PDFs) 

Optimised supplier registration workflows, reducing manual errors and delays 

Greater flexibility in survey modifications, enhancing engagement with suppliers 

Potential for future multi-language survey capabilities, improving global supplier interactions 

To find out more about how Informed 365 clients are leading the way in Modern Slavery Act compliance, book a demo.