Faced with an estimated annual expense of $3.5 million to comply with new conflict minerals regulations, Fossil Group Inc. enlisted LockPath to automate the process. Fossil’s use of the Keylight platform helped the company efficiently survey its 1,000 suppliers, assess risks, remediate supplier issues, and generate the necessary reports, all for minimal cost and without adding staff. The project earned LockPath a 2014 GRC 20/20 Research Value Award in the Third Party Management category.

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