7 Steps of Risk-Based Vendor Due Diligence
Not all vendors have the same level of risk. Risk-based vendor due diligence will save you valuable time and resources in your vendor risk management program.
To ensure your organization is more effectively managing vendor risks, it's important to define the types, amounts, and frequencies of due diligence based on the vendor engagement's risk.
Download the infographic and matrix to learn:
- What risk-based vendor due diligence is and why it matters
- The steps of performing risk-based vendor due diligence
- Examples of risk-based vendor due diligence
- A matrix that provides guidelines for the suggested frequency of due diligence reviews based on criticality and inherent risk