Moving beyond the spreadsheet for vendor risk management

In today’s business landscape, many enterprise companies look to third-party vendors to provide them with organizational value and competitive advantage. While outsourcing has always existed in some form, globalization and the internet have caused the use of third-party vendors to increase exponentially. Previously, companies relied on third parties for non-core functions. Today, more and more critical functions are outsourced to find cost savings and efficiencies. Because third-party vendors are an extension of an organization, businesses are held accountable for things like safety, ethics, business practices, and more. With more at risk than ever before, organizations must ensure third-party partners behave… [Continue Reading]