A Better Way to Manage Vendor Offboarding
Vendor termination means the end of a business relationship, however it doesn’t mean the end of risk. ComplyScore’s offboarding and termination solution eliminates potential risk exposure with an automated process that manages offboarding workflows from beginning to end.
- Ensure access privileges are appropriately withdrawn, property is returned, data destruction prevented, and stakeholders are informed throughout the process. ComplyScore reduces risk and exposure to compliance failures, data breaches, and ongoing disputes.
- End-to-end reporting maintains an efficient and transparent process that supports optimal compliance. End-of-contract vendor assessments add value with actionable insights that allow you to make better business decisions.
Comprehensive Offboarding & Termination
Streamlining and automating your offboarding process eliminates a substantial resource burden from your team: now they’re free to focus on mission-critical operations, while ComplyScore manages the behind-the-scenes details.
ComplyScore automatically generates termination notification requirements, compliance attestations, discontinuance summaries, and more.
Manage an efficient and thorough process to disable access to IT systems, physical locations, and enterprise resources.
Finalize payment status, generate invoices, cease payments, review and close contracts, and more.
Vendor Performance Assessment
Gain an understanding of vendor performance during the contract: did they meet service standards and deliver value to the enterprise?
Assure exit condition compliance from vendors, with monitoring that manages the process from end-to-end.
Reduce Offboarding Costs
Manage an efficient third-party termination process with fewer personnel and resource inputs, for ultimate cost efficiency.
Comprehensive monitoring minimizes the likelihood that termination operations are a vector for business inefficiency, ongoing disputes, and losses.
Total process transparency and control supports simplified collecting, sharing, reporting, and auditing functions for easier compliance.
Integrate Offboarding into Your TPRM Program
Our team can engineer a customized vendor termination and offboarding platform that automates the process from front to back, for better efficiency, scale, and value.
Ready to get started? Let’s have a conversation about how ComplyScore can transform your offboarding and termination process from a resource drain into a source for value, with a TPRM solution that returns definitive results.