Create a fourth-nth party record

Create a fourth-nth party record by using the Third-party Risk Management application. You can create fourth-nth party records manually as an alternative to using a fourth-party registration questionnaire.

Before you begin

Role required: sn_vdr_risk_asmt.vendor_risk_assessor

About this task

If you only need to create one fourth-nth party record or don't have time to send a questionnaire to a third party, you can create a fourth-nth party record manually. To create and register multiple fourth-nth party records, see Register a fourth-nth party.

Procedure

1. Navigate to Workspaces > Vendor Management Workspace.
2. Select the list icon and then navigate to Third parties > All fourth parties.
3. Select New.
4. On the form, fill in the fields.

   Table 1. Create New Company form

   Field	Description
   Company section
   Name	Name of the fourth-nth party that is associated with the record.
   Status	Status of the fourth-nth party: Active Onboarding Prospect Active unauthorized Terminated Onboarding rejected Note: After a fourth-nth party record is active, it’s available for use in your risk management program.
   Website	URL for the fourth-nth party.
   DUNS number	Unique numeric identifier for the single business entity. A DUNS number isn’t legally required for a business.
   Notes	Additional information about the fourth-nth party.
   Contact section
   Street, City, State/Province, ZIP/Postal code, Country, Phone, Fax	Standard contact information for the third-party organization.

5. Select Save.
6. Associate the active fourth-nth party record with a third party by navigating to the Downstream Suppliers tab of the desired third party and selecting Add.
   The fourth-nth party record is active and associated with a third party.

   For more information on fourth-nth parties, see Monitoring your fourth-nth parties.