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Financial Assessments
Anonymous Member
06-23-2021 02:26 PM
This message was posted by a user wishing to remain anonymous How do you determine when you want to ...
Anonymous Member
06-24-2021 10:18 AM
This message was posted by a user wishing to remain anonymous We do not conduct a financial review ...
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Financial Assessments
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This message was posted by a user wishing to remain anonymous
Posted 06-23-2021 02:26 PM
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How do you determine when you want to conduct a financial assessment of a new vendor? Do you assess all new vendors or only vendors which meet certain criteria, such as anticipated spend?
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RE: Financial Assessments
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Posted 06-24-2021 10:18 AM
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We do not conduct a financial review on all new vendors. We would only conduct financial reviews on vendors that are considered Critical or any vendor that is considered high inherent risk and Tier 1 from a BCP perspective (24 hour RTO) at onboarding. Under our program these vendors would also be reviewed from a due diligence perspective ongoing on an annual basis. A financial review would be included in that annual due diligence review.
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Sent: 06-23-2021 02:15 PM
From: Anonymous Member
Subject: Financial Assessments
This message was posted by a user wishing to remain anonymous
How do you determine when you want to conduct a financial assessment of a new vendor? Do you assess all new vendors or only vendors which meet certain criteria, such as anticipated spend?
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