Embarking on the journey of third-party due diligence, our first mission is to identify all the existing relationships your organization maintains with third parties. Why is this task vital, you ask? Knowing who's in your network is the cornerstone of a fantastic collaboration strategy!
In this step, determine each partner or supplier so you can proceed with confidence that no stone is left unturned. Are you up for the challenge? The right approach and accurate records will lead us to an impeccable due diligence path.
With a little sleuthing and a lot of organization, you'll have a comprehensive list ready for analysis in no time!