Vendor Management

Four Steps for Better Vendor Compliance Management

Vendors are an integral part of doing business, but they increase risks of non-compliance. Businesses are responsible for any non-compliance in their own services even if the non-compliance was committed by a vendor. It is the responsibility of every business to ensure that every part of them business process is compliant.If the vendors commit a comp [...]

Third Party Vendor Management for Small Businesses

Small and big businesses operate in the same environment under the same laws but the practicalities and realities of doing business are very different for them. These differences exist in vendor relationships as well. Big businesses generally deal with big vendors who can provide them supplies, materials, and services across the country. Small businesses usu [...]

Three Compliance Management Tools Every Manager Needs

Demystifying the uses and practicalities of GRC.GRC is an umbrella term covering technologies and models of all types and sizes. We are aware of the big picture improvements that GRC can bring to an organization’s compliance management framework. The practical side of it – the tools that are employed and the direct benefits they provide are not so cl [...]

Three Benefits of Vendor Management Systems

Vendor management systems are quickly becoming a mainstay in the corporate world because of the many benefits that they provide. Let’s look at the vendor management process and the benefits it provides for management and the organization. What is Vendor Management? Vendor management is a systematic approach towards managing the many vendors that an organ [...]

Decreasing Risks through Vendor Management

Every organization must deal with vendors. No person is an island, and neither is any company. The problem with having vendors is that it opens your organization to risks that are out of its control. There are many different types of vendor risks, and they can be mitigated only with a powerful vendor management system.Vendors can deliver many different [...]