Proactis achieves Financial Supplier Qualification System Netherlands FSQS-NL certification

December 2023 - Proactis, the leading Source-to-Pay software solution provider, is delighted to announce that it has successfully completed the FSQS-NL certification process, a benchmark used by major banks and financial institutions to assess and vet potential vendors as part of their supplier procurement process.

FSQS-NL is a community of financial institutions including banks and insurance companies, collaborating to agree a single standard for managing the increasing complexity of third and fourth-party information needed to demonstrate compliance to regulators, policies and governance controls. It is designed to make the process of pre-qualification as efficient as possible, to save companies a significant amount of the time, effort and cost associated with working for multiple clients.

“We are very proud to be FSQS-NL certified,” stated Robert-Jan van der Pouw, Market Director Benelux at Proactis. “It emphasises the quality of our internal processes, as we continue to comply with the high IT-security standards of the financial sector. By working closely with our customers, we understand it's crucial to demonstrate compliance with regulators, policies and governance controls. The FSQS-NL framework helps our customers to meet compliance requirements, and enables us to provide absolute confidence that we protect their data.”

This accreditation required Proactis to be stringently audited against FSQS-NL requirements across all key risk control areas including information/cyber security, data privacy, business continuity, financial crime, conduct risk, financial, legal, and corporate responsibility.

“Proactis’ FSQS-NL qualification adds an extra layer of assurance for us,” adds Manon Crain from Proactis customer a.s.r. “As a Financial institution, we can be comfortable that a significant amount of due diligence has already been performed through the standardised FSQS process.”

You can read more about FSQS-NL here