After struggling to find a high-quality yet cost-effective way to monitor third-party risk over time, a global aerospace company turned to TDI Compliance for a solution. We developed and implemented a monitoring service supported by technology but driven by analytical judgment to mitigate third-party risk between regularly scheduled due diligence investigations. As a value-added service to traditional third-party due diligence, TDI captures, summarizes, and reports open-source information that is derogatory in nature or indicates a change in a risk profile across thousands of third parties. This service significantly reduced the false positives that were rampant with the client’s previous technology-driven solutions while providing an affordable way to continually manage third-party risk.
We solved a problem for a global aerospace company by offering due diligence monitoring services between regularly scheduled due diligence.