Due Diligence and Ongoing Monitoring

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  • 1.  COVID 19 and downstream vendor performance

    This message was posted by a user wishing to remain anonymous
    Posted 04-22-2021 04:00 PM
    This message was posted by a user wishing to remain anonymous

    Good Afternoon,

    Following the third party risk boot camp series topics covering COVID's impact on vendor operations........

    Is anyone willing to share the specific questions they are asking third parties to respond to determine pandemic impact on business operations? or link to resource?

    I'm brain storming on the thought of a "how-ya-doing" touch base with targeted questions that were talked about in the boot camp but not included on the slides.

    Everything helps 

    Thanks!


  • 2.  RE: COVID 19 and downstream vendor performance

    Posted 04-23-2021 09:23 AM
      |   view attached
    We created a pandemic questionnaire we sent out to vendors/third-parties that the business owners felt could have a negative effect on our business if they begun having financial issues due to the pandemic.  I have attached a copy of what we sent out.

    Hope this helps,
    Jeff

    Attachment(s)



  • 3.  RE: COVID 19 and downstream vendor performance

    Posted 04-23-2021 10:42 AM

    Thank you Jeff. This is very helpful!

     

    Ken Konz | Senior Operations Risk Analyst

    Flagship Credit Acceptance