Overview
A Fortune 500 renewable energy company was struggling to keep pace with its growing network of vendors and suppliers across India. Their verification and onboarding process relied heavily on manual reviews, scattered workflows, and inconsistent checks. This slowed down operations and left room for risk.
By adopting OnGrid’s Third-Party Due Diligence framework, the company moved to a faster, standardised, and risk-aware onboarding & due diligence process.
The Challenge
The company’s older workflow caused delays and created blind spots across the partner ecosystem.
- Long onboarding timelines that held up operational rollouts
- Limited visibility into fraud or compliance gaps
- Non-standard checks across teams
- Heavy manual documentation and data handling
- Duplicate or incomplete vendor records
- Rising exposure to reputational and operational risk
These issues became more pressing as the company scaled into new projects/ locations and brought on more vendors & suppliers every month.
OnGrid’s Solution
The company implemented OnGrid’s end-to-end Third-Party Due Diligence framework, which combines identity checks, compliance reviews, financial health assessment, and ongoing risk watch.
1. Complete Corporate and Identity Verification
PAN, GSTIN, CIN, Udyam, address checks, MCA details, director information.
2. Financial and Compliance Checks
GST & PF filings along with delays & defaults, financial statements, ratio analysis
3. Legal, Integrity, and Reputation Screening
Court/litigation records, global sanctions lists, PEP/AML insights, media mentions.
4. Operational and Management Assessment
Business fundamentals, leadership background, and proof-of-existence through site photos.
5. Automated Risk Monitoring
Periodic alerts on litigation changes, compliance breaches, or adverse developments.
6. API-First Integration
The company connected OnGrid’s APIs to its ERP system, enabling instant checks, faster registrations, and easy change-requests.
Impact
Within a short span, the renewable energy company achieved measurable improvement across its vendor and supplier lifecycle.
- 38% reduction in manual workload for risk and procurement teams
- 29% improvement in detecting compliance gaps and fraud signals
- 73.5%+ drop in cross-team dependency through standardised process
- 52% faster onboarding, shrinking weeks of delay down to just a few days
- 22% cost savings through consolidated checks and less rework
Conclusion
By switching to OnGrid’s Third-Party Due Diligence framework, the company built a faster, cleaner, and more trustworthy due diligence and risk management system. It now brings new vendors / suppliers on board in days, keeps risk under constant watch, and operates its pan-India renewable energy projects with far greater confidence and consistency – backed by a compliant and fully verified network of vendors and suppliers across India.
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