Hellios develops communities of buying organisations to provide third party risk management processes by collecting, validating and monitoring supplier information.
Accurate and up-to-date information on suppliers and supply chains has become a fundamental requirement to meet the rising challenges of managing supplier risk, compliance, performance and development.
Hellios has unique expertise in providing total supplier information management solutions that provide the highest degree of quality in the most cost-effective manner for both buyers and suppliers.
Our three existing communities are indicated below but we are in the process of building new communities in the UK and internationally.
"By using JOSCAR we are intending to make it easier for our partners and suppliers to do business with us. It will streamline our assurance processes, minimise administration and enable our suppliers to gain access to our buying organisations."
“By using JOSCAR we hope to make it easier for you to do business with us. Working together with our peers in other defence organisations to access supplier compliance is a positive step towards minimising duplicated administration, reducing barriers to entry and improving the ease of doing business with organisations like us.”
"Leonardo have access to both the Governance Group and Technical Working Groups to shape the future direction of the JOSCAR programme. Additional support including training is available from the wider Hellios team when needed."
"By reducing duplication and having one source of validated data available to all buyers, JOSCAR Reduces the compliance workload for both Suppliers and Buyers. Suppliers are required to update and submit their information once a year."
JOSCAR provides QinetiQ with a standardised pre-qualification route, helping to reduce the cost and time associated with supplier qualification. JOSCAR gives QinetiQ and the defence & security industry a common approach to ensure suppliers are “fit for business” and remain a sustainable route of delivery”.
“ADS is the UK trade association which represents companies in the high-tech, highly competitive aerospace, defence, security and space markets. It championed the introduction of JOSCAR in response to members’ concerns about cost and administration burden of demonstrating compliance with customer requirements. Members achieve JOSCAR registration report that it simplifies compliance processes and makes it easier to do business with new and existing customers”
“As an ADS member, AACE is please that they actively support this cross-sector collaboration initiative and is hopeful it will offer opportunities to supply new customers. AACE looks forward to continued participation in JOSCAR and will work with Hellios to promote even closer collaboration amongst the buyer community, in terms of sharing knowledge and experiences to promote the particular benefits of engaging with specific suppliers to fulfil certain requirements.”
“As active members of ADS, Aish were keenly involved in JOSCAR right from the outset. We were invited to join JOSCAR in February 2015 by BAE. We made an internal decision to join the scheme and with the help of Hellios completed the questionnaire. This active involvement has helped to ensure it meets the needs of Aish and defence companies alike. We believe the increasing level of interest in the scheme from buying organisations will only have a positive effect on the industry.”
“By standardising third-party supplier’ due diligence, each supplier has the chance to unlock access to the whole banking sector through one streamline process.”
“Our good sense approach to business is no different to our relationship with valued suppliers. The Financial Services Supplier Qualification System makes partnering with Shawbrook simpler, fairer and more transparent.”
“FSQS is a living system that develops as the regulatory and risk landscapes evolve – we are already starting to look at how we might be able to further extend buyer cooperation to mutual benefit in the future. I look forward to seeing the system flourish further over coming years.”
“We joined the Financial Services Qualification System to give our suppliers a simpler and more transparent approach to fulfilling LV=s’ policy compliance and due diligence requirements. Once using the system, we found LV= benefited by the amount of time we saved searching for supplier policy compliance information and knowing it to be validated and up to date.”
“We joined the FSQS community to help simplify and improve the way we and our suppliers manage compliance and risk to our customers.”
“FSQS has provided OWB with independent audit of our working practices and a level of compliance and regulation that the marketing communications we design and deliver for our financial servies clients is robust, positioned effectively and cognisant of regulations”
“The Curve Group have recently been awarded a contract with one of the buyers on FSQS to help them to recruit their first Commercial Banking team – their standard turn around on contracts are 30 days+ which would have hampered our implementation plan and therefore the speed at which we could have sourced their team, but because of FSQS qualification, they were able to contract with us within 24 hours.”
“The Tracing Group were invited to participate in the Financial Services Qualification System (FSQS) by a major UK Building Society who would like to use our services to help them to identify customers that are deceased, and then trace their legal heirs and beneficiaries so that they can reunite them with their accounts.
It quickly became apparent that joining the scheme would be an excellent opportunity to grow and improve our business. The process of FSQS accreditation encouraged us to take an inwards look at all of our processes and to determine if everything was robust. As a result, we improved some of our processes and introduced some new ones.
The team at FSQS were knowledgeable and helpful, responding to queries over the phone immediately and with helpful insight. Their review of our responses was timely and thorough. We were delighted to have been asked to participate in the process, and we would highly recommend the FSQS.”
In April 2019 the Bank of England announced its plans to disclose how climate related financial risks change are managed across its entire operations. This report will be published in 2020 and will outline aims for the financial community to transition into low-carbon energy. The bank also expects all regulated financial services companies to disclose… View Article
Read MoreOver the past few months, the number of organisations engaging with FSQS has grown significantly with a total of 25 financial institutions having joined to manage their third-party risk and compliance information. Hellios are delighted to welcome LVGI, Hastings Group, Teachers Building Society, PCF Bank, Masthaven Bank and Allied Irish Bank, joiners in the last… View Article
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Over the past twelve months, the number of organisations engaging with JOSCAR has grown significantly with 7 new buying organisations joining to manage their third-party risk and compliance information. Hellios are delighted to welcome the Ministry of Defence, MBDA UK, General Dynamics, Rolls Royce Submarines, Roke Manor Research and Leidos UK. They join BAE Systems,… View Article
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