Supplier Information
Supplier Information
We have extended our technology capabilities to reshape procurement practices at B M O. B M O SmartProcure (powered by Coupa) is a tool that connects our suppliers to self-servicing capabilities that makes doing business with us easy and flexible.
Suppliers who have been on-boarded to B M O SmartProcure through the Coupa Supplier Network can view the status of Invoices and Payments online. Click button below to launch the Coupa Supplier Network.
Launch Coupa Supplier NetworkIf you are an existing supplier but have not been on-boarded to B M O SmartProcure, please contact your B M O Supplier manager to get started.
Becoming a supplier with B M O
The process B M O uses to onboard and manage its suppliers ensures that our supplier network strengthens our business and allows us to meet our corporate objectives. Our approved suppliers or partners are required to meet criteria that include corporate risk area assessments, regulatory body requirements (anti money laundering, etc.), financial health assessments and more. These criteria are revisited on a regular basis and suppliers are expected to take part in our performance management program. We also run Supplier Diversity and Supplier Innovation programs to ensure that our supply chain meets our high standards for quality and provides the greatest possible benefit to the bank. Typically, our Sourcing Teams are responsible for identifying new suppliers – though on occasion new suppliers are introduced to Sourcing through a business sponsor.
B M O leverages Coupa for all sourcing engagements and potential suppliers can register on the Coupa Supplier Network to be considered for future events at the link here: Coupa Supplier Network.
Supplier Resources & Governance
B M O SmartProcure
B M O SmartProcure is the latest addition to B M O’s procurement suite. This leading edge Procurement platform provides our Suppliers with a variety of self servicing capabilities in an intuitive and user friendly manner. Suppliers can access B M O SmartProcure here to find additional information.
Third-Party Risk Management
BMO has a Third-Party Risk Management program that assesses third-party risk prior to contract execution. This includes due diligence by various stakeholders. BMO utilizes the Supplier Engagement and Management System (SEMS) as the tool that assesses the risk. Third parties will have access to the tool to respond to a series of questionnaires. This is all required prior to BMO executing a contract with third parties.
About the B M O Supplier Code of Conduct
BMO’s success and reputation are built on trust we've earned from the people we work with and the customers we serve. Our reputation is one of our greatest assets and everyone associated with our company has a role in its protection. We consider the impact our business decisions have on our stakeholders and the communities where we do business and are committed to always doing the right thing. Our commitment to ethical conduct and sustainability is the foundation of our stakeholders' trust in us and is integral to our Purpose - Boldly Grow the Good in business and life.
B M O’s Supplier Code of Conduct (Supplier Code) outlines the principles we expect our suppliers to support - our standards for integrity, fair dealing, and sustainability.
B M O expects its suppliers be aware of, understand, and respect the principles of the Supplier Code.