V2 Party Configuration

📌 Applies to:

TrustLayer users managing party configurations and compliance profiles.

📌 Issue/Question:

How do I add and configure a new party type in TrustLayer and link it to a compliance profile?

✔️ You can add a new party type in TrustLayer by navigating to Workspace Settings > Parties, clicking "New Party Type," entering the party type name, selecting a compliance profile, and saving it to make it available for onboarding parties.

1️⃣ Step 1: Access Party Configuration

Go to your workspace settings by clicking your profile or organization icon, then select "Parties" to open the party configuration page.

2️⃣ Step 2: Review Existing Party Types

On the party configuration page, you will see existing party types such as low risk, medium risk, and high risk vendors, each linked to a default compliance profile.

3️⃣ Step 3: Add a New Party Type

Click the "New Party Type" button to create a new category.

4️⃣ Step 4: Enter Party Type Details

Input the name of the party type you want to add (e.g., electricians, plumbers, crane operators, or any other delineation relevant to your business).

5️⃣ Step 5: Assign a Compliance Profile

Select the initial compliance profile that you want to tether to this party type. This profile will automatically apply to parties onboarded under this type.

6️⃣ Step 6: Save the Party Type

Click "Create Party Type" to save it. The new party type will appear in the party types table and will be available in the dropdown list when creating a new party.

7️⃣ Step 7: Use the Party Type When Adding Parties

When you create a new party, select the party type from the dropdown. The linked compliance profile will be assigned automatically, though you can edit it later if needed.

💡 Common Issue 1:

New party type not appearing in the dropdown when creating a party.

→ Solution: Ensure you have saved the new party type correctly in the party configuration page. Refresh the parties page if necessary.

💡 Common Issue 2:

Incorrect compliance profile assigned to a party type.

→ Solution: Go back to the party configuration, edit the party type, and update the linked compliance profile as needed.

💡 Common Issue 3:

Need to differentiate party types beyond risk levels.

→ Solution: Customize party type names to reflect specific scopes of work or vendor categories (e.g., electricians, plumbers) to better organize compliance requirements.

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💬 Still Need Help?

Contact your TrustLayer administrator or use the in-app chatbot for further assistance.