Auto-created case workflow

The auto-created case Assigned to a third party profile related to a questionnaire sent for response, due diligence investigation, or other action. workflow A series of tasks generated based on an event or form submission. in the Third-Party Manager helps manage and track evaluations, compliance checks, and other interactions related to third-party profiles. This structured process ensures that each profile is assessed and monitored in accordance with organizational policies and risk management standards.

In the Third-Party Manager application, a structured process is followed to generate and manage Due Diligence (DD) reports. The process involves the following steps:

As a prerequisite, ensure that the AI due diligence report is generated. Once the report is generated, the case is auto-created in the Due Diligence tab.

1. Open the Third-Party Manager dashboard and from the left navigation panel, select Case Management.

2. Filter the third-party results through the case Stage The stage the case is in, for example, DDQ Invite, Qualification, Budget Requested, Case Rejected, and so on. tab and select AI Report Generated to view the case folders that were created with the AI Report.

3. Select the Attachments tab.

4. From the table, select the download icon of the report that you want to download.

   You can share the downloaded report with the stakeholders, ensuring relevant parties are informed and can take necessary actions based on the findings in the AI-generated report.

5. Initiate a DDQ Due Diligence Questionnaire which can be sent to third parties for response. Questions can be added to a risk model to use in determining the overall risk rating for a third party. invitation.

   1. Select the Invite button, and then select the DDQ form A form is a questionnaire to gather information..

   2. Enter the details and select Send Invitation.

6. Submit to qualify for the DDQ responses.

   After the third party submits their DDQ responses, the case advances to the qualification stage. At this stage, you must review the responses to determine whether the third party meets the necessary criteria. Ensure that only compliant and well-qualified third parties proceed to the next stage of the investigation.

7. If the third-party qualifies based on the DDQ responses, convert the case to order due diligence. This step initiates an in-depth investigation of the third party.

8. Conduct a comprehensive document review, risk analysis, and due diligence activities to ensure all necessary checks are completed, qualifying the third party and mitigating any potential risks.