Due Diligence and Ongoing Monitoring

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  • 1.  Financial Review Via Zoom

    Posted 09-22-2020 02:29 PM
    One of our vendors was recently acquired by another company. This company is private and does not want to share their financial statements, however, they are willing to meet via Zoom to discuss their financials. What questions should I ask them?


  • 2.  RE: Financial Review Via Zoom

    Posted 09-22-2020 03:36 PM
    Venminder had a nice section on this in their recent bootcamp. Assessing your vendor's financial health. I think there's a related document in their resource library which discusses what to look for in a financial statement. You might be able to use content in that as the basis for some questions.

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  • 3.  RE: Financial Review Via Zoom

    Posted 09-22-2020 03:47 PM
    Hi Joseph, 

    Thank you for mentioning those resources! @Erica Lane - Below you'll find a link to the eBook covering how to review a financial statement. The overview begins on page 7. I've also provided a link to the Program Improvement library where you can access the on-demand Third-Party Risk Management Bootcamp. The financial session is Day 2 Session 2. 

    Hope this helps!

    Brittany Padgett
    Community Manager