The process of offboarding an IT service provider represents a critical transition requiring methodical planning and execution. Organizations that follow a structured approach minimize business disruption, protect valuable assets, and ensure continuity of services. This report outlines actionable best practices across the key phases of the provider offboarding process — from initial planning through post-transition review — to guide CIOs and vendor management office leaders through this complex transition. By implementing these practices, organizations can navigate provider transitions with minimal risk to data security, operational continuity, and financial stability.