Due Diligence and Ongoing Monitoring

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Ongoing Due Diligence

  • 1.  Ongoing Due Diligence

    Posted 21 days ago
    We are doing our reviews for Moderate/Low vendors.  I'm looking to see how everyone handles Marketing vendors with no NPI access. What do you normally collect for documentation?  Do you ask them for proof of insurance?  Do you just review during contract renewal time? Do you make them exempt from monitoring?


  • 2.  RE: Ongoing Due Diligence

    Posted 16 days ago
    Edited by Brittany Padgett 16 days ago
    I still ask for for the standard documentation. Yes, definitely proof of insurance if there is any sort of exposure risk (e.g., access to your facility);. With Moderate vendors, I recommend review every two years. With Low risk, perhaps just before contract renewal. What is everyone else doing?


  • 3.  RE: Ongoing Due Diligence

    Posted 16 days ago
    I'd still do the same level of documentation review as normal. I can send you a spreadsheet of what to collect. As far as frequency, for Moderate, I recommend every two years; for Low, perhaps just before contract renewal.


  • 4.  RE: Ongoing Due Diligence

    Posted 16 days ago
    I would be interested in seeing your spreadsheet as well--we're building a program from scratch and while i have a pretty good handle on the more complicated and critical/high risk vendors, the low/moderate risk categories have been a little more difficult to standardize.


  • 5.  RE: Ongoing Due Diligence

    Posted 16 days ago
    Same here, it would be helpful to see what you review for those vendors.


  • 6.  RE: Ongoing Due Diligence

    Posted 16 days ago
    Just sent via email!


  • 7.  RE: Ongoing Due Diligence

    Posted 16 days ago
    Edited by Brittany Padgett 16 days ago
    Hi Branan
    Would love to see your assessment too if thats possible
    Thanks
    Hannah 





  • 8.  RE: Ongoing Due Diligence

    Posted 15 days ago
    ​Hi Brenan- if available I would like to see the packet as well. Thank you!


  • 9.  RE: Ongoing Due Diligence

    Posted 16 days ago
    Just sent via email!


  • 10.  RE: Ongoing Due Diligence

    Posted 15 days ago
    I'd like a copy as well.  Thank you!


  • 11.  RE: Ongoing Due Diligence

    Posted 16 days ago
    Thank you Branan.  I would like to see the spreadsheet of what to collect.

    I appreciate your help.


  • 12.  RE: Ongoing Due Diligence

    Posted 15 days ago
    ​Can I please have a copy of that spreadsheet as well?


  • 13.  RE: Ongoing Due Diligence

    Posted 15 days ago
    Edited by Brittany Padgett 15 days ago
    Hi Jennifer, will you share that with me as well.  Thanks, Becky
    --
    Becky Stapleton
    Executive Vice President
    Salem VA Credit Union





  • 14.  RE: Ongoing Due Diligence

    Posted 15 days ago
    Hi Branan,

    I would love to get the spreadsheet as well.

    Thanks,
    Charlotte


  • 15.  RE: Ongoing Due Diligence

    Posted 15 days ago


    I feel like I'm missing out on something good. So please provide me with a copy if you can.


  • 16.  RE: Ongoing Due Diligence

    Posted 15 days ago

    Hi Branan,
    Please add me to the list to receive the spreadsheet as well if you don't mind.

    Thank you,

    Samantha




  • 17.  RE: Ongoing Due Diligence

    Posted 15 days ago
    Hi Branan,
    I am also interested in the spreadsheet please.
    Thank you.


  • 18.  RE: Ongoing Due Diligence

    Posted 15 days ago
    Edited by Deirdre Grubbs 15 days ago

    I would like a copy also please.

     

    Thank you and have a REMARKABLE day!

     

        

    Craig Booth | Sr. VP of Technology\CIO

     






  • 19.  RE: Ongoing Due Diligence

    Posted 14 days ago
    Branan, could I please get that spreadsheet as well? Thank you!


  • 20.  RE: Ongoing Due Diligence

    Posted 14 days ago
    Branan,

    May I get a copy of the spreadsheet too?  Thank you!


  • 21.  RE: Ongoing Due Diligence

    Posted 14 days ago
    Edited by Brittany Padgett 14 days ago

    Branan,

     

    Please also send me a copy of the spreadsheet.

    Thanks

     

    ____________________________

    Lorna M. DeLisser, ACP, CAMS

    3rd Party Risk Management Manager

    VyStar Credit Union

     






  • 22.  RE: Ongoing Due Diligence

    Posted 14 days ago
    Edited by Brittany Padgett 14 days ago
    I too would love a copy of your spreadsheet.  Thanks in advance...…….​

    ------------------------------
    Sabrina Ferro
    Vendor Relationship Manager
    Idaho Central Credit Union

    ------------------------------



  • 23.  RE: Ongoing Due Diligence

    Posted 14 days ago
    Edited by Brittany Padgett 14 days ago

    I too would appreciate a copy of the spreadsheet.  Thanks in advance.

     

    Kindly,

    Kim

     

    Kimberlie Park, CRVPM III 

    Security Administrative Analyst/Vendor Program Management

    SOLERA





  • 24.  RE: Ongoing Due Diligence

    Posted 14 days ago
    I would be interested in a copy of the spreadsheet as well.  Thanks!


  • 25.  RE: Ongoing Due Diligence

    Posted 14 days ago
    Hi Branan, 
    I would love to see your spreadsheet also!
    Thank you in advance!


  • 26.  RE: Ongoing Due Diligence

    Posted 14 days ago
    Edited by Brittany Padgett 14 days ago

    I would appreciate a copy as well J

     

    Thank you!!

     

    Meranda Matherly
    Vendor and Project Management Specialist

    1st Security Bank



  • 27.  RE: Ongoing Due Diligence

    Posted 14 days ago
    Not wanting to miss out, please share worksheet with me too!


  • 28.  RE: Ongoing Due Diligence

    Posted 14 days ago

    Hi Brenan,

    I would appreciate a copy as well.​


  • 29.  RE: Ongoing Due Diligence

    Posted 14 days ago
    ​I would appreciate a copy as well... Thank you


  • 30.  RE: Ongoing Due Diligence

    Posted 9 days ago
    ​I would also like to receive your spreadsheet of the standard items to request from low risk vendors.  Thank you.


  • 31.  RE: Ongoing Due Diligence

    Posted 14 days ago

    Hello Everyone,

    Good afternoon! We are very excited to see so much interest in the due diligence spreadsheet. Due to the demand, moving forward anyone who would like a copy is welcome to email me directly at community@thirdpartythinktank.com. I will send it your way. 

    Thank you, 

    Brittany Padgett
    Community Manager 




  • 32.  RE: Ongoing Due Diligence

    Posted 13 days ago
    Hi Brittany, Can I get a copy of the spreadsheet?  Thank you!