Vendor Due Diligence Checklist: 5 Steps to Selecting a Third-Party
Third-party vendors can open the doors to growth and competitiveness, but they can also introduce operational, cyber, or financial risks. Whether you’re starting out or an established business, the process of selecting and onboarding a new vendor is a critical juncture that requires careful due diligence. But what information should you collect from your vendors, and how can you verify that it’s accurate?