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
Develop a clear grasp of the request’s context to guide your approach, define your scope, and refine your process
Collect data
Streamline the most resource-intensive phase of your investigation by ensuring all key areas of data collection are addressed
Communicate findings
Share the insights you’ve uncovered to equip your organization with the knowledge it needs for critical decisions