Due Diligence and Ongoing Monitoring

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About Due Diligence and Ongoing Monitoring: Whether you’re vetting a new vendor or following up on an existing vendor, performing due diligence is necessary to determine if a vendor is a good fit for your organization. Ongoing monitoring is a regulatory expectation, an overall sound business practice and can lead to discovering risk that would have otherwise gone unnoticed.

Latest Discussion Posts

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    Vendor Control Environments

    This message was posted by a user wishing to remain anonymous What are your businesses controls for Vendor Control Environment's? and by this question I mean What controls do you have put in place for vendors that you implement in the contract. For example...... ... More

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    LexisNexis Risk Assessment

    This message was posted by a user wishing to remain anonymous We use LexisNexis as an additional tool for customer due diligence (e.g., address verification, derogatory media, TIN status, company formation information). As a data aggregator, the vendor ... More

  • Hello, Proper vendor and product setup is a common topic we discuss with our clients, so please know that your questions are in great company! Jackson's recommendation is one way you could handle your predicament, however, we would love to explore ... More

  • Greetings! I work for a CU that also uses JHA. When you say that you want each product to be its own individual file, are you thinking along the lines of each product has it's own separate Vendor page? If so, the only thing I could think of would ... More

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  • Our VM Software system has a field for "Parent Company" When we have separate products/owners/documents, etc. We would load them as a separate vendor in their own right, and then list the parent company. I haven't used that feature yet, as I'm still ... More