Why Buyers Join Shared Assurance Communities For Supplier And Third-Party Risk Management

The Problem Buyers Are Trying To Solve In Supplier Assurance

At Hellios, we work with buying organisations every day who want one simple thing: confidence that their supply chain is compliant and under control.

The reality is that achieving this internally is often painful and inefficient.

Buyers face challenges such as:

• Gathering large volumes of supplier data from scratch

• Validating information and keeping it up to date

• Monitoring compliance across long contract lifecycles

• Responding to new regulations and industry standards

• Managing multiple internal stakeholders and systems

When each organisation tries to solve these problems alone, effort is duplicated, suppliers are frustrated, and risk visibility suffers.

We believe no organisation should have to manage this alone.

A Community-Led Approach to Supplier and Third-Party Risk

Hellios brings buyers together into shared assurance communities where supplier data, assurance requirements, and regulatory understanding are managed collectively.

Instead of one-to-one due diligence and isolated decision-making, communities work from:

• Shared standards

• Validated, primary supplier data

• Ongoing collaboration and insight

This model reduces friction, improves data quality, and supports more confident risk decisions across complex supply chains.

Five Reasons Buyers Join A Hellios Community

1. Collaborate on procurement and risk challenges

No two organisations face supplier risk in exactly the same way - but many challenges are shared.

Hellios communities allow buyers to:

• Discuss common procurement and risk challenges

• Share insight on emerging risks and best practice

• Learn from how peers interpret and respond to regulatory change

This collaboration helps buyers avoid working in isolation and reduces the burden of navigating complexity alone.

2. Stay ahead of regulations and industry change

Keeping up with new regulations, legislation, and guidance is time-consuming - especially when requirements vary by sector and geography.

Within Hellios communities, buyers can:

• Discuss regulatory developments with peers

• Understand how requirements are being interpreted in practice

• Align assurance expectations more consistently

This shared understanding helps organisations stay compliant without repeatedly reinventing their approach.

3. Meet ESG and sustainability reporting expectations

ESG and sustainability requirements now form a core part of supplier risk management - not a separate, optional activity.

Through Sustainability Analysis, Hellios helps buyers to:

• Assess supplier sustainability credentials consistently

• Identify gaps and improvement actions

• Support ESG reporting with credible, structured data

All ESG and sustainability data is collected through the same Hellios assurance questionnaire used for wider supplier and third-party risk management. There is no additional data collection exercise and no extra administrative burden for buyers or suppliers.

Organisations can strengthen ESG oversight across their supply chain without additional cost or complexity, and without creating disconnected processes.

4. Access high-quality, validated primary supplier data

Buyers join Hellios to move away from fragmented, self-attested information.

Supplier data within FSQS and JOSCAR is:

• Collected directly from suppliers

• Structured against standardised requirements

• Validated and refreshed on defined cycles

This gives buyers access to reliable, comparable insight they can trust when making risk decisions.

5. Improve the supplier experience - without adding buyer admin

Supplier fatigue is a real risk.

Hellios supports suppliers through:

• Local support teams

• Email, phone, and live chat assistance

• Clear guidance through questionnaires

Suppliers submit information once, which can be shared with all relevant buyer members -reducing duplication and improving response quality.

For buyers, this means:

• Less chasing

• Fewer incomplete responses

• Stronger supplier relationships

Buyers Join Hellios To Reduce Risk - Together

Supplier and third-party risk management is no longer something organisations can manage effectively on their own.

By working together through shared assurance communities, buyers reduce duplication, improve confidence in their data, and strengthen control across complex supply chains.

Instead of spending time managing paperwork and fragmented processes, teams can focus on oversight, resilience, and informed decision-making.

It’s a simpler, more collaborative way to manage risk - and one that scales as requirements grow.