Third-Party Risk Management

Best Practices for Ongoing Vendor Monitoring

Tips for Continuously Monitoring Your Vendor Landscape

Ongoing Vendor Monitoring is a foundational piece to an effective vendor risk management program. It ensures that risk mitigation strategies that were put in place at the beginning of a contract remain in place throughout the entire vendor relationship. But how do you keep pace?

This white paper will provide practical tips for ongoing vendor monitoring and strategies for resolving third-party risk proactively.

Download this paper to learn how to:

  • Properly scope due diligence based on vendor criticality
  • Design review cadences using inherent risk calculations
  • Incorporate expert ratings into review processes
  • Improve vendor response rates, times and quality
  • Integrate vendor service reviews with assessment processes
  • Prepare contingency plans for unforeseen situations
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