Supplier Mix and Superior Client Service
Before we enter into business relationships with our suppliers, we carefully conduct an analysis to assess their suitability. Our supplier portfolio is subject to recurring screenings, health-checks, risk assessments, and supplier base optimizations conducted in order to ultimately ensure the best possible service to our banking clients.
All of these sourcing activities are coordinated and overseen by the global Credit Suisse Sourcing & Vendor Management Organization. Leveraging the global structure of our bank, we strive to find the optimal mix of suppliers with local, regional and global capabilities in the worldwide supplier base.
Credit Suisse cares about establishing relationships with business that are often underrepresented in supplying the needs of major corporations. A diverse supply base helps us provide flexible and best-quality solutions at the best price for our clients. We are committed to supplier diversity in order to create and foster relationships with qualified underrepresented businesses, including but not limited to ethnic minority-, women-, lesbian/gay/bisexual and transgender (LGBT)-, disabled- and/or veteran-owned businesses that share our standard of excellence. More information can be found on the dedicated website.
S2P Supplier Information
Credit Suisse has made changes to its Source-to-Pay (S2P) systems, processes and support arrangements as part of its strategy to simplify its global sourcing, procurement and payment processes.
This is supported by the implementation of following core components of the integrated Sourcing and Vendor Management landscape:
- Ivalua – Sourcing and Contracting solution
- CS-TPM – Third Party Risk Management solution
- DocuSign – Digital Contract Execution solution
- MyShop – Procure-to-Pay platform
Ivalua provides a comprehensive, modular, source-to-order suite. Credit Suisse intends to use this platform with vendors in a collaborative fashion and expects them to participate in the digitalization of its procurement processes.
CS/TPM provides the underlying technology support for Credit Suisse's Third Party Risk Management (TPRM) Program. TPRM plays a critical role in ensuring that Credit Suisse is able to take a risk-based approach to the management of its Third Party relationships and maximizes the business value of Third Party relationships through increased transparency and oversight. TPRM benefits also include an enhanced ability to meet the ever-changing global regulatory framework.