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It was a great experience using EY's due dilligence IT risk assessment tool. We were planning on a ambitious roadmap for our IT infrastructure and systems and were looking for a vendor to give us a tailored assessment of our standing on things like vulnerabilities in our systems, readiness of logistics and resources required for a sound delivery of products and any loopholes that we may encounter along the way in our operational engagements. They helped us to cut out IT spend and save on costs for maintaining old systems by creating a roadmap to migrate to the modern architecture.
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We used Kroll to help perform compliance and regulatory reviews for onboarding our third-party vendors. Their services helped streamline our risk assessments and give us valuable insight needed for making informed decisions about our vendors. Despite the somewhat negative feedback from their consumer-based servicing (mostly credit monitoring, I believe), their services for corporate risk assessment has been positive in my experience.
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Working with BCG on vendor due diligence felt like bringing in a heavyweight partner, as they pushed us to think harder about what we were really buying and why. The process was structured, fast-paced and clearly ddesigned for large scale transactions, so we got a lot of insight in a compressed timeline. From a security and risk management standpoint, the output was rigorous enough to stand up in front of the board, but it also left some gaps that we had to fill with our own internal checks.
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We use Ncontracts Vendor Due Diligence Services software for risk and compliance management. It provides us with risk intelligence and helps us to conduct audits and organise compliance processes into seamless procedures. The software plays a critical role in ensuring proper reputation and risk management as well as collective actions.
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It offers a reliable and professional supplier due diligence service. The reports are clear and comprehensive, and the application process is simple and quick.
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It has been an effective tool for improving marketing analytics and data-driven attribution. It provides good visibility into performance and helps optimize decision-making.
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