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Vendor Offboarding

A workspace to manage vendor terminations.

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Conclude the vendor relationship with dedicated tasks, forms, due diligence, workloads, and tracking

 

Have a specific area where users can complete their offboarding work items on vendors/products they are terminating. 

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Ensure checks and balances are in place while transitioning the vendor out


Guarantee that both parties are following the exit strategy and no shortcuts are being made to maintain security and privacy of information.

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Improve offboarding visibility


Like you would with onboarding, create requests and keep track of work so you have the complete lifecycle in one location.

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Increase accuracy and efficiency of the offboarding process


Through dedicated automated workflows, guide the team so they can take the correct steps when offboarding a vendor.

Streamline the offboarding process by centralizing the termination activity


Termination goes beyond simply notifying the vendor to end the contract. Utilize specific functionality to do tasks like ensuring data is returned or destroyed, wrapping up pending due diligence, reviewing contract termination provisions, and more.

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Track and notate offboarding requirements for products

Specific activities happen during offboarding. Assign those requirements to your team and monitor the progress.

Specific workflows for offboarding

Ensure all the initiatives are completed by creating workflows specific to what needs to happen during the offboarding process.

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Offboarding products placed separate from ongoing

Products that are being offboarded are located in its own environment so it's easy to tell what is being terminated and work from that area.

Drive results with robust features

Create dedicated offboarding forms

Have data fields specific for the offboarding stage that the team has to fill in when termination occurs.

Access to questionnaires, risk assessments, issue management, and oversight

Even when terminating a vendor, access any elements of the platform that you normally would during onboarding and ongoing.

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It’s not just about our platform.
It’s about our people.

checkSpecialize in third-party risk management and are passionate about it's importance
 
checkHold a wide range of certifications and qualifications including CISSP, CTPRP, Paralegal, CPA, CRISC, GCIH, ABCP, CCNA, and more
 
checkStay current on industry trends and latest news
 
checkOn hand to provide advice to our customers and community
 
checkDrive our educational content and advocate for best practice third-party risk management

You won't just hear it from us

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(4.6 out of 5 | 163 Gartner Peer Insights Reviews)
As of January 3, 2024

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