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Case Study

Abercrombie & Fitch Standardizes Third-Party Risk Management with ProcessUnity

Abercrombie & Fitch Standardizes Third-Party Risk Management with ProcessUnity

Abercrombie & Fitch Standardizes Third-Party Risk Management with ProcessUnity

Process Unity
Pages 3 Pages

Abercrombie & Fitch Standardizes Third-Party Risk Management with ProcessUnity CASE STUDY The Challenge As a global retailer, Abercrombie & Fitch Co. (A&F) does business with an expansive range of vendors — from textile, office product, and store fixture suppliers to data centers, tax consultants, and construction services — around the world. Traditionally each of the company’s individual risk areas, including legal, corruption, information security, and finance, independently vetted third parties using a combination of email, spreadsheets, and manual tracking. The risk area teams asked vendors to fill out a questionnaire and subject matter experts (SMEs) used the responses to assess risk, conduct due diligence, identify gaps, and mitigate issues. If they decided the level of

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