How to Determine the Right Level of Vendor Assessment

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.

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