Third-Party Risk Management

PREVENTING VENDOR FATIGUE

Exhausted Third Parties Can Weaken Your Program

Overwhelmed with questionnaires, redundant requests, and simultaneous inquiries, vendors may respond to due diligence inquiries with delays, shortcuts, and a declining appetite for “cooperation.” This affects Third-Party Risk Management (TPRM) managers, who in turn find it increasingly difficult to gather the information they need to onboard new vendors and document compliance. To make matters worse, mutual exhaustion undermines the working relationship, fostering resentment instead of reciprocal respect.

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Our Preventing Vendor Fatigue: Exhausted Third Parties Can Weaken Your Program white paper provides practical advice on how to reduce vendor fatigue and learn how to:

Tackle the obstacles that inhibit vendor enthusiasm, compromise response quality, and create processing delays
Apply functions that fight fatigue including auto-scoping, question skip logic, and SIG ingestion/importing