Bank of Montreal
Customers / Bank of Montreal
Industry
Digitized and Centralized Control Mitigates Risk at BMO
BMO brings complex compliance requirements in regulation, procurement, and for the Covid pandemic, under control with visibility and automation from Coupa.
Company Overview
BMO brings complex compliance requirements in regulation, procurement, and for the Covid pandemic, under control with visibility and automation from Coupa.
Headquarters
Montreal, Canada
Employees
25,000-50,000
Customer Website
Value as a Service
75%
Reduction in Risk Assessment Cycle
100%
Integrated Supplier Risk and Performance Management
Challenge
Needed accurate data for third party risk management.
Also needed data accuracy and visibility for regulatory compliance.
Good data was also necessary for CSR program and pandemic risk management.
Result
Third-party risk is now visible and constantly updated in an ongoing plan.
UX makes using the system viable for even small suppliers, and increased buyer compliance.
Supplemental COVID-19 risk assessment allows quick response.
"The maturity of our risk program has allowed BMO to adapt quickly and feel confident in our ability to proactively identify and mitigate potential risk."
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