Third-Party Due Diligence Questionnaire White Paper
While all third-party vendors must be onboarded, they do not all merit equal attention.
The best-run Third-Party Risk Management programs are designed to evolve and mature over time. As regulations continue to change, new rules are introduced and even more, vendors require vetting, organizations will need to tweak their processes to stay as efficient and effective as possible. One program component that has seen significant change over the past few years is the Third-Party Due Diligence Questionnaire. Forward-thinking organizations have modernized their assessment tools greatly benefiting both third-party risk teams and their vendors.