Let VendorInsight® Perform Your On-Site Vendor Visits
Vendors are increasingly important for banks as they can perform consulting, process transactions, reduce costs and implement controls, all while directing your focus to core business functions and objectives. How many of your bank’s products depend on multiple vendors? How many of your vendors are managing your customers’ private data? For these reasons, regulators have been demanding that banks keep closer tabs on their relationships with third-party vendors.
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Topics:
Collaboration,
SaaS,
VendorInsight,
On-site Visit
Similarities Between VendorInsight® and Green Icebergs in Antarctica
Icebergs are normally blue but some few Antarctic icebergs are green, and scientists may know why. These icebergs contain high levels of iron and may have a greater purpose. As the green icebergs float out into the ocean and melt, they deliver the iron to phytoplankton who benefit from it as a nutrient.
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Topics:
risk management,
Collaboration,
Scalability,
SaaS,
Big Iron
Delivering Vendor Risk Management Solutions
In this current economic climate, risk management is more important than ever. Companies only beginning to develop risk management programs haven’t yet realized the potential benefits of a structured solution for managing vendors. This includes reducing costs and risks while creating a competitive advantage against organizations who aren’t managing their risk.
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Topics:
vendor risk management,
Cybersecurity,
board members,
risk assessment,
Transparency,
Automation,
Collaboration,
Return on Investment,
Stability,
Scalability,
C-Suite
7 Ways Automating Your Vendor Management Can Deliver ROI
Without a structured vendor management solution, your company is probably losing money every year from overspending on contracts with third parties. A solution to this is optimizing your vendor spend and reducing the amount of staff time spent on management. More and more companies are doing this by automating their vendor management, with options including web apps and cloud-based solutions that can handle most, or all, of these tasks with tools that offer a unique set of features.
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Topics:
Third-Parties,
due diligence,
risk management,
risk management simplified,
Configurable,
Transparency,
Automation,
Collaboration,
Return on Investment,
Audits
