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Vendor Termination and Offboarding

Eliminate potential exposure by ensuring that the separation process is handled appropriately, including return of property and system access, assurance of data destruction, and notification to finance to cease payments.

Offboarding a third-party vendor is just as important process as onboarding them in the first place. Failure to offboard correctly can expose you to compliance breaches, data breaches, loss of equipment, and ongoing disputes.

Aravo manages offboarding workflows, ensuring nothing is missed, risk is minimized, and compliance is achieved.

Features

Send termination notification requirements to the correct people for review and activation with full documentation and audit trail.

Capture attestations that document that the vendor is in compliance with data privacy and destruction requirements.

Ensure that any vendor and their employees with access to IT systems, physical buildings, or other resources are disabled.

Ensure payments status is finalized and payments are ceased in accordance with the contract.

Fully document reasons for discontinuance and conduct end-of-contract evaluations: did the vendor perform to standard, generate value for the business, deliver on the strategic reasons for onboarding them?

Vendor Termination and Offboarding Features Screenshot

Benefits

Protect your business

Ensure vendors comply with exit conditions.

Avoid unnecessary costs

Ensure payments are ceased after the contract has terminated.

Minimize damage and decrease risk of recurrence

Automated processes reduce operational burden and save time and resources.

Demonstrate compliance

Capture, visualize, and report on a full audit trail of every action.

Our Expertise
Expertise
Who We Help
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