Monitoring a vendor's financial viability is a critical component of a thorough due diligence process. It not only shares insight into the vendor's overall numbers and financial health, but also gives you a better understanding of how the vendor's operations are doing.
Many businesses have varying financial profiles and recent results, which may cause the services they provide their customers to falter or cease completely. Additionally, other corporate events that impact financial results, such as mergers and acquisitions, restructuring or legal issues may be relevant to dive deeper into when performing vendor financial reviews.
In this webinar, learn how to review you vendor's financial health to remain fully aware of their financial status and avoid costly surprises.