Vendor due diligence process and documentation

Project Description

We onboard vendors on the strength of an email and a bank detail, which our auditor has now noticed. We want a due diligence process proportionate to our size — not a bank's onboarding pack, but enough that we know who we are paying: entity verification, GST status, beneficial ownership for larger vendors, and a risk tiering. Deliverable is the process, the checklist, and the templates, plus a short note on what we should do about the 60 vendors already onboarded.

Skills Required