Unfortunately, facts rarely speak for themselves during the vendor due diligence process. By itself, a set of accurate data and truthfully answered questions—sourced from requestors, independent reviewers, or your internal due diligence team—remains open to interpretation. Subjectivity can insert itself into what should be a standardized process, creating inconsistencies that undermine the integrity of vendor due diligence.
ProcessUnity enforces objectivity within your pre-contract vendor due diligence process.
ProcessUnity Vendor Risk Management enforces objectivity within your vendor due diligence process. Our business rules engine clarifies the review process in two ways:
Our system helps you create questions that produce specific data points the can be meaningfully evaluated. For example, instead of asking for a credit score, it produces inquiries that determine whether the vendor’s credit score falls within an acceptable range.
The criteria for evaluation—pass, fail, or request clarification—is based on parameters consistent with company policy. Following the previous example, a submitted credit score would be automatically examined and assessed objectively against the company’s formal policy demands.
Reduce your burden: ProcessUnity Vendor Risk Management can integrate with third-party checkpoint services to accelerate review.
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