The Guide to Conducting Risk-Based Vendor Due Diligence
Due to the multitude of risks associated with conducting business with a third party, thorough due diligence when considering a new vendor is critical to protecting the resilience, compliance, and reputation of your organization. Oftentimes, compiling all the necessary data from disparate sources can be labor-intensive and time-consuming. This guide provides an easy-to-follow framework with key considerations to help teams establish a streamlined and comprehensive due diligence process.
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Highlights
Download this guide to boost the effectiveness of your vendor due diligence process in three categories:
Plan for Investigative Research
Gain a deeper understanding of the context of the request to help shape your approach, determine your scope, and tailor your process
Collect Data and Report Findings
Optimize the most resource-intensive part of your investigation by ensuring you’ve covered these key areas of the data collection process
Communicate Findings
Distribute the insights you’ve uncovered to arm your organization with the information it needs to make critical business decisions
