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Simplify the assurance of your critical suppliers

Take your due diligence a stage further with FSQS community reviews, nominate your critical suppliers, so suppliers only complete one review for all their FSQS buyers.


Book a free demo
3

Sufficiently reviewing all your suppliers
is tough...

 

Lack of capacity to comprehensively assess your suppliers.

Current strategies don’t cover necessary risk domains.

Worries that you’re not meeting the regulations.

Lack of visibility of your supplier risk.

Time consuming and costly assessment processes.

Stress no more.

FSQS Stage 3 takes the heavy lifting from you, we manage the assessment process
for you and support your supplier along the way.

Introducing Stage 3

Many organisations struggle with capacity to assess their suppliers, FSQS Stage 3 significantly reduces your financial and administrative burdens associated with audits.

A Stage 3 review uses information already provided into FSQS and external assessments such as ISO 27001 and SOC2, removing duplication and reducing the amount of additional effort required.

Developed by our FSQS community, the Stage 3 scope is aligned to the risk topics that matter the most to financial services companies. It has been designed by the industry, ensuring the results align to industry standards making the results more relevant and easier to consume.

6 reasons to start using
Stage 3

Aligns with regulatory requirements

Designed to align to industry standards like NIST and ISO 27001 (2022), regulatory frameworks such as PRA SS2/21, and legal obligations like GDPR. 

By the industry, for the industry

Developed by our FSQS community, the Stage 3 scope is aligned to the risk topics that matter the most to financial services.

Flexible to fit with internal risk appetites

Stage 3 identifies areas of improvement within the report, you can utilise this in a way that suits your needs.

Cost effective solution

Like stages 1 & 2, Stage 3 uses the community model by sharing reports for a cost-saving solution that’s included within your buyer membership.

Recognises external assessments

Stage 3 acknowledges already completed external assessments such as ISO 27001 and SOC2, reducing the amount of additional effort for suppliers.

A step further

Building on data from Stages 1 & 2, Stage 3 digs deeper into the risk domains flagged in the previous stage. 

What are the risks domains covered in Stage 3?

Information Security

Supply Chain

Data Privacy

People & Physical Security

Cyber Security

Technology

Business Continuity Management

Record Management

 
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How does Stage 3 work?

By nominating your crucial suppliers, you are in control of who you select for a deeper review.


STEP 1

Once you have nominated your key suppliers, we manage the inspection process, taking care of all the admin and liaising with the supplier’s internal teams.

STEP 2

We begin to build a comprehensive view of where the risks might arise to ensure they meet your standards and industry regulations.

STEP 3

You get a detailed report highlighting where improvement can be made, unlocking actionable insights to give you greater visibility of your supply chain. The results align to industry standards making the results more relevant and easier to consume.

How suppliers benefit from Stage 3?

01

Review

A Stage 3 review will use information already provided into FSQS, removing duplication.

02

Assess

One assessment to satisfy the assurance requirements of multiple clients, reducing the time, cost and effort involved.

03

Control

Supplier have control of the Stage 3 report. They can control access to the resulting report.

You too can have a simple supplier assessment process with Stage 3


1. Book a free demo

Learn more about Stage 3 and what it can do for your business' supplier management.

2. Become a member

Stage 3 is only available to FSQS members, to become a member, with many benefits alongside Stage 3, book your free demo today.

3. Nominate your suppliers

You're in control to pick and choose which of your suppliers you would like to have a closer look at with Stage 3.

Book a free demo
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