Company relationships can be defined to optimize the onboarding workflow by applying the appropriate level of due diligence to a company while they’re being evaluated during onboarding.
| Relationship Type | Description | Slug Name |
|---|---|---|
| Vendor | A supplier of goods or services. | vendor |
| Strategic Partner | A business partnership that’s formalized through contracts, but falls short of a legal partnership, agency, or affiliate types of relationship. | strategic_partner |
| Fourth Party | A service provider that is a vendor for a company’s third parties. | 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 does not represent a legal subsidiary. |
subsidiary |
| Benchmark | A company that supplies goods or services that are similar to your organization. | benchmark |
| Other | other |
|
| Unassigned | No relationship has been defined. | null |
- October 19, 2020: “Competitor” relationship type renamed to “Benchmark.”
- March 23, 2020: Published.
Feedback
0 comments
Please sign in to leave a comment.