When onboarding new vendors, it takes the median company an average of 90 days to complete due diligence — 20 days longer than it did four years ago, according to Gartner. In a competitive business climate where speed can be the difference between success and failure, a lengthy onboarding process undercuts your organization’s efforts at digital transformation and growth acceleration. And now, with as much as 75% of the workforce in some industries shifting to remote work due to the coronavirus outbreak, finding operational efficiencies in your onboarding process is more important than ever.
Article Link: https://www.bitsight.com/blog/how-to-determine-the-right-level-of-vendor-assessment