Company relationships can be defined either locally in the Company Information or automatically through Vendor Discovery and fourth party identification.
Defined locally in the Company Information:
Defined automatically through Vendor Discovery and fourth party identification:
Relationship Types
- Vendor
-
A supplier of goods or services.
Slug Name:
vendor
- Strategic Partner
-
A business partnership that’s formalized through contracts, but falls short of a legal partnership, agency, or affiliate types of relationship.
Slug Name:
strategic_partner
- Fourth Party
-
A service provider that is a vendor for a company’s third parties.
Slug Name:
fourth_party
- Subsidiary
-
A company that is within the hierarchy of an organization, as depicted in a ratings tree.
A subsidiary in the Bitsight platform (My Subsidiary) does not represent a legal subsidiary.
Slug Name:
subsidiary
- Benchmark
-
A company that supplies goods or services that are similar to your organization.
Slug Name:
benchmark
- Customer
- A company that purchases goods or services from your company.
- Consultant
- A company that provides expert advice to your company professionally.
- Other
-
Other types of company relationships.
Slug Name:
other
- Unassigned
-
No relationship has been defined.
Slug:
null
Identification Methods
- Bitsight
-
The relationships for these companies were automatically detected and identified by Bitsight, through either:
- Company Managed
-
The relationships for these companies were identified by an admin within your organization.
- None
- No relationships were identified for these companies.
Connection Certainty Levels
Certainty levels indicate how certain we are of the company relationship. Certainty is evaluated based on the data. Learn how fourth party and vendor data are collected.
- Confirmed
- Based on the data, the service provider is confirmed to be providing services to your third parties.
- Suspected
- Based on the data, the service provider is suspected to be providing services to your third parties.
- Not Applicable
- The relationship was identified by your organization as a service provider. Your organization is certain that the service provider is providing services to your third parties.
- January 3, 2025: Linked to permissions for company managed relationships.
- October 2, 2024: More certainty level context; Incorporated identification methods (formerly known as "relationship type").
- August 19, 2024: Added Customer and Consultant relationship types.
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