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Checklist

Due Diligence Checklist

Never miss a critical due diligence item with this comprehensive checklist

  • Corporate Information (business name, registration, tax ID, ownership structure)
  •  Financial Health (statements, credit rating, banking references, insurance, bankruptcy history)
  •  Operational Capability (service delivery model, SLA documentation, staffing)
  •  Legal & Regulatory (litigation, regulatory findings, breach history)
  • Security & Compliance (certifications, incident history, controls assessment)
Due Diligence Checklist
 

Due diligence is only as good as your checklist. Most teams build from memory or improvise based on what audit firms mention. This checklist covers multiple dimensions across corporate structure, financial health, legal history, compliance posture, and cybersecurity maturity. Use it as-is or customize for your industry. Tier-based versions save 30+ hours per year by focusing effort where it matters most.

Due diligence is only as good as your checklist. Most teams build from memory or improvise based on what audit firms mention. This checklist covers multiple dimensions across corporate structure, financial health, legal history, compliance posture, and cybersecurity maturity. Use it as-is or customize for your industry. Tier-based versions save 30+ hours per year by focusing effort where it matters most.

Why consistency matters

Vendor risk assessment is foundational to everything downstream: tiering decisions, monitoring priorities, remediation focus, board reporting. If your assessment is ad-hoc, everything else is unreliable.

A solid assessment framework gives you:

  • Comparable vendor scores - actually compare vendors against each other
  • Audit-ready documentation - show auditors exactly how you assessed and why
  • Faster cycles - standardized questions mean less customization
  • Clear escalation triggers - when a score drops, you know what to do

How to use this:

You have two paths forward. You can build this yourself using the template. Start by customizing it for your specific industry and risk profile, then send it to vendors to complete. As responses come in, you'll track them in a spreadsheet and score them manually. It takes time and effort to coordinate, but you own the entire process and can adjust it whenever you need.

Alternatively you can use ComplyScore®.
Instead of vendors filling out spreadsheets and you doing manual scoring, vendors answer once in the platform and scoring happens automatically. Risk trends appear in real-time, so you're not waiting weeks for data. Every vendor gets assessed using the exact same framework without shifting criteria or inconsistencies.
And here's the key difference: monitoring continues automatically without you having to rebuild the framework every quarter.