When you’re evaluating a third party due diligence system, it’s important to understand the (big) differences between different solutions—and the right questions to ask to ensure your organization gets the system best-suited to meet its needs.
In this whitepaper, industry expert Michael Volkov, CEO of The Volkov Law Group, LLC, shares key questions no business can afford to overlook when evaluating and selecting vendor risk management solutions, including:
What is the solution's total cost of ownership?
Will the system meet all of your documentations and retieval requirements?
Will the system alert you to all changes in status - without wasting your time on false positives?
Does the system push you towards more costly analyst-led due diligence - even when you dont need it?