A clear and bold header

What Vendor Oversight You Should be Performing | VendorInsight®

Posted by Rachel McKenzie on May 10, 2019 10:21:32 AM

How Much Vendor Oversight Should Your Company be Performing?

It’s a common practice for enterprises to conduct due diligence on any prospective third-party vendor. But why do so many organizations fail to regularly evaluate their existing vendors?

A poorly managed vendor oversight program can be a point of pain for any institution hoping to function smoothly and efficiently. Without a consistent program for managing vendor risk, banks and financial institutions, in particular, face non-compliance with government regulations. This can not only pose financial risks but can also diminish a company’s reputation. 

Read More

Topics: Third-Parties, vendor risk management, risk alerts, compliance, Audits, vendor, oversight, regulation, monitoring, regulators, vendor performance reviews

VendorInsider Blog

Insight into Vendor Management Best Practices, Challenges, Solutions and Trends from Industry Insiders

As one of the longest running and most advanced vendor management software solutions, the helpful people of VendorInsight® have a unique perspective on third-party risk, compliance and management.  In the VendorInsider Blog, we share our insights on timely and relevant issues facing vendor managers.  You can subscribe using the button below, or contact us with questions.

Subscribe to Our Blog

Recent Posts

Posts by Topic

see all