Due diligence and monitoring on your service providers – time for an ODD practitioner-led approach?
With such a range of SPs and associated operational risks, the already-busy C-suite can engage perfORM to deliver a ‘Third Party Service Provider Due Diligence Report’. The benefits of working with us include:
> Timely delivery. We aim to deliver our reports in six to eight weeks.
> Relevant reports. We work with our clients to understand their risk appetite and ensure that the scope of the report is relevant. As a result, the report can be a useful tool in the decision-making process regarding whether to appoint, terminate, renegotiate with or extend the role and services of the SP.
> Cost-efficiency. Our clients only pay for what they consume, i.e. a unit price rather than a subscription fee.
> Access to our expertise and our many years of experience performing independent due diligence on SPs. SPs also benefit from this, which streamlines the process, as our level of understanding reduces the amount of the SP’s time and resource required to complete the due diligence.
> Inclusion of enhanced background checks on entities and key individuals, covering ultimate beneﬁcial ownership, regulatory screening, media coverage, and criminal history.
Please contact us for a sample Third Party Service Provider Due Diligence Report.