Third party due diligence - do you undertake pre-checks or the continuous monitoring of a database?

Third party due diligence - do you undertake pre-checks or the continuous monitoring of a database?

We do both, that is pre-checks as well as ongoing monitoring. This allows you to deal with potential vendors as well as those who you have already engaged. 

Our TPDD product is designed to undertake pre-checks before you on board a vendor. We assess the company and its principal officers (up to 5 individuals) for a range of risk issues retrospectively covering a period of up to 18 months prior to engaging them, then post on-boarding we continually monitor a range of key risks issues (or the ones you identify from our list) for a period of 12 months from the date of the initial assessment.  This allows you to understand the vendor’s risk profile over a period of time rather than a snap shot at the time of on-boarding. The continual risk assessment after you on board a vendor allows you to detect and prevent risk as they present as red flags. 

We do not monitor a database, but a range of more than 7,000 variables related to the company and its principal officers.



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