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Vendor Due Diligence Assessment Questionnaires configured to your needs
Engage third parties directly with an easy-to-complete questionnaires with market leading response rates
Configurable Due Diligence Questionnaires
Gather intelligence from your third-parties with configurable questionnaires from Ethixbase360. Choose from our library of risk-specific questionnaires developed by subject matter experts across areas such as modern slavery, forced labor and anti-bribery & corruption, or digitize an existing questionnaire specific to your business. Deploy questionnaires to third parties in their own languages and automate sending, receiving and interpretation of results.
Smart engagement with industry-leading response rates
- Risk-scored, subject matter specific questionnaires developed by experts to comply with reporting requirements under specific legislation
- Smart functions to trigger conditional questions to interrogate responses and drill into risk areas
- Varied question and answer types with upload capability where additional documentation is required from third parties
- Automated workflows to trigger risk proportionate actions and notifications
- Auto-save feature for all activity on our third-party platform to ensure a positive respondent experience
- Optional Questionnaire Managed Services function to maximize quantity, quality and timeliness of responses
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Resources
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A due diligence questionnaire (DDQ) is a comprehensive set of questions designed to gather information and assess the potential risks associated with engaging third-party vendors, suppliers, intermediaries, or partners. DDQs are typically used as part of the due diligence process to gather information via direct engagement with third parties to evaluate the suitability, reliability, and compliance before entering into a business relationship, and as required throughout the engagement.
A due diligence questionnaire can cover a broad range of areas depending on what risk the client is looking to assess, their reporting requirements or the information that they require to onboard the third party. This may include but is not limited to, organisational structure, regulatory compliance and controls, integrity practices, operational procedures, quality control, environmental practices, data security measures, insurance coverage, previous litigation or disputes, references, supporting documentation etc. The specific questions should be tailored to the nature of the business relationship and the industry involved.
Due diligence questionnaires streamline the due diligence process by providing a structured approach to gathering and reporting on information. They help standardise the evaluation process, ensure consistent data collection, enable efficient comparison between potential vendors or partners, provide a basis for risk assessment and decision-making and where relevant (such as in the case of Modern Slavery reporting requirements) facilitate mandated annual reporting on supply chain risk assessment.
Yes, due diligence questionnaires can be customised based on the specific requirements of risk area, regulation or organization. It’s important to tailor the questions to address the specific risks and compliance needs relevant to the business, ensuring the questionnaire captures the necessary information to make informed decisions.
Ethixbase360 has a number of modules that assist in remaining compliant such as:
