Onboarding a Vendor

The first stage in a third-party risk management program is onboarding any new vendor. There’s often a sense of urgency to onboard the vendor quickly, but it’s essential to proceed through the process with careful planning, consideration, and collaboration between both parties.

There's a lot to consider in this stage, including risk assessments, risk ratings, due diligence, and contract negotiations. Taking these steps will ensure the relationship between your organization and the vendor starts off on the right path. 

Download this complimentary toolkit that includes:  

• eBook: This guide provides an overview of the onboarding process, with best practices and considerations for each phase
• Infographic: A quick overview of the onboarding process and how to have an effective onboarding strategy
• Checklist: An interactive checklist that covers key questions to consider throughout the onboarding process