Your company does business with thousands or tens of thousands of third parties. In order to appropriately manage each of those third parties and allocate appropriate resources and programs, you need to consistently and objectively categorize them.
Hiperos has introduced unique technology that enables organizations to continuously categorize and segment all of their third parties into any number of categories that are determined and defined by them.
Hiperos’ robust, dynamic segmentation engine maintains multiple, simultaneous segments for each third party or relationship (individual contracts maintained with one third party). Dynamic segmentation is completely configurable and, once configured, is fully automated and does not require further human intervention. Furthermore, dynamic segmentation automatically re-segments any time any segmentation-relevant data changes in the system. Without dynamic segmentation, it is virtually impossible to segment third parties with any level of accuracy or completeness.