IPL Schoeller needed to strengthen third-party risk management without adding multiple full-time employees to carry out vendor due diligence. After supply chain incidents exposed the potential risk of smaller third- and fourth-party relationships, the team implemented Diligent 3rdRisk to gain visibility into critical vendors, automate assessments and improve oversight of their most critical supplier relationships.
"We are looking ahead to an efficient year, expecting to perform due diligence activities for over 50 vendors. Thanks to 3rdRisk this substantial task will only require a few hours of our time each week, allowing us to maintain this high level of oversight with minimal investment of resources." - Information Security Officer, IPL Schoeller
Learn how IPL Schoeller used one platform to improve supplier oversight, surface emerging threats and support due diligence with less manual effort and without adding headcount. They are now able to:
Download the case study to see how IPL Schoeller modernized third-party risk management with Diligent 3rdRisk.
