Case Study: IPL Schoeller cuts due diligence time with Diligent 3rdRisk

IPL Schoeller cuts vendor due diligence to a few hours a week for 50+ vendors with Diligent 3rdRisk

The customer, IPL Schoeller, faced the challenge of needing to strengthen its third-party risk management program without the resources to hire additional full-time employees to conduct manual vendor due diligence. This need was driven by supply chain incidents that highlighted risks from smaller suppliers. To address this, IPL Schoeller turned to the vendor Diligent and implemented its 3rdRisk product.

The solution from Diligent provided full visibility into critical vendors and automated the assessment process. As a result, IPL Schoeller can now perform due diligence for over 50 vendors with just a few hours of work each week. This has allowed them to scale their oversight with their existing lean team, eliminate manual work, and surface supplier threats early.

IPL Schoeller