New Vendor Due Diligence



1. Supplier Identification

Title
Title
Entity Name
Enter name
Primary Address
Enter address
Relationship Type
Consultant, Partner, Supplier, etc.
Main Contact
— 
Full Name
Enter full name of main contact
Position
Enter position of main contact
Email
Enter email of main contact
Phone
Enter phone number of main contact


2. Rationale for Partnership

Partnership Objective

Explain why this supplier was chosen and the objective of the partnership

Expected Benefits

Detail the anticipated benefits of this collaboration


3. Information Collection

Legal and Commercial Documentation

List of documents to collect such as statutes, business registration, etc.

Commercial References

Contacts for reference inquiries


4. Risk Evaluation

Financial Risk Analysis

Summary of the last three years' financials

Operational Risks

Identification and assessment of operational risks

Reputation Risks

Research on past incidents affecting reputation


5. Compliance and Background Checks

Regulatory Compliance

Verification of compliance with local and international regulatory standards

Background Checks

Checks for litigation, bankruptcy, or regulatory infractions


6. Summary and Recommendation

Information Synthesis

 Summary of key information gathered

Recommendation

Approve, Conditional Approval, Reject

Justification for Decision

Reasoning behind the final recommendation


7. Monitoring Plan

Regular Check-Ins

Frequency and type of post-integration checks