House all vendor due diligence efforts in one centralized repository to ensure information is being collected from each vendor on an appropriate basis and save time searching for information.
Automate your business process to maintain due diligence on the right cadence and scope. The automation won’t limit you, however; you can always request additional information from your most critical vendors. Dedicate the time you save on a manual business process to pursuing other strategic goals.
Consistently evaluate which vendors are most critical to your organization so that you can dedicate resources wherever they’re needed most. Ensure that your organization is aware of all key and relevant information about the third parties you work with, including security protocols, outstanding lawsuits or any other issues against another potential partner.
Should one of your vendors ever pose a risk to your organization, LogicManager’s vendor due diligence content package equips you with the appropriate information to evaluate the severity of the risk. By leveraging cross-departmental context, you can easily measure the impact of the risk, enabling you to in the next part of the business process to communicate information to your employees or customers as needed. Easily maintain an audit trail with our vendor due diligence solution. Should a breach occur at the hands of one of your vendors, you’ll be able to point to a specific document demonstrating the information that was available to you prior to the incident.