Company relationships can be defined either locally in the company information or automatically through Vendor Discovery and fourth party identification.
Company Information:
Automatically:
Relationship Types
| Relationship Type | Description |
|---|---|
| Vendor | A supplier of goods or services. |
| Strategic Partner | A business partnership that’s formalized through contracts, but falls short of a legal partnership, agency, or affiliate types of relationship. |
| Fourth Party | A service provider that is a vendor for a company’s third parties. |
| 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. |
| Benchmark | A company that supplies goods or services that are similar to your organization. |
| Customer | A company that purchases goods or services from your company. |
| Consultant | A company that provides expert advice to your company professionally. |
| Other | |
| Unassigned | No relationship has been defined. |
Identification Methods
| Method | Description |
|---|---|
| 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.
| Level | Description |
|---|---|
| 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. |
- October 2, 2024: More certainty level context; Incorporated identification methods (formerly known as "relationship type").
- August 19, 2024: Added Customer and Consultant relationship types.
- July 28, 2023: Instructions for editing Company Relationship.
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