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3 Ways to Create a Competitive Advantage with Vendor Management Automation

Posted by Rachel McKenzie on Aug 30, 2018 10:04:51 AM

Organizations often have very few employees working in vendor management, leading to heavy workloads. Manually tracking, monitoring, and reviewing vendors assumes vast amounts of time and resources. About half of financial organizations do not utilize an automated vendor management platform for tracking and assessing vendors. Adopting an automated vendor management system not only allows organizations to become proactive while easily staying on top of due diligence, but also delivers insight into the effectiveness of your compliance strategy.

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Topics: outsourced vendor management

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