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Tracking 4th Party Vendors | VendorInsight®

Posted by Rachel McKenzie on Apr 19, 2019 8:21:48 AM

The Importance of Fourth-Party Vendor Tracking

Third-party vendor breaches are on the rise, but what about fourth-party risk? A fourth party is a subcontractor to your vendor, someone your vendor relies on or subcontracts to. The effectiveness of your vendor and the risk to you increasingly depends on fourth parties as your vendors outsource and subcontract critical activities. 

They go by a lot of names, including providers and strategic partners, and can provide bill pay, mobile banking, core processing, legal or other services.

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Topics: fourth party, risk management, vendors, subcontractor

Similarities Found Between VendorInsight® and Green Icebergs in Antarctica | VendorInsight®

Posted by Grant Karnes on Mar 15, 2019 10:13:55 AM

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

ROI on Automated Vendor Management | VendorInsight®

Posted by CMPG Risk Solutions on Feb 28, 2019 8:52:44 AM

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

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.

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