Managing external partners has become a critical part of doing business today. As companies expand and rely more on outsourcing, the risks tied to outside vendors grow larger. Businesses can face ...

A well-defined vendor contract management process facilitates efficient negotiation, standardization of terms, version tracking, and performance measurement. It also strengthens your organization’s ...

Vendor risk assessments are a critical component of third-party risk management programs. When you use third-party solutions and services, you should understand the risks they can bring. Your vendors’ ...

The Fast Company Executive Board is a private, fee-based network of influential leaders, experts, executives, and entrepreneurs who share their insights with our audience. BY Justin Rende Businesses ...

Vendor management is the process of controlling costs, driving service excellence and mitigating risks to gain increased value from vendors throughout the deal life cycle. This strategy is crucial in ...

As organizations face mounting pressure to control costs, prevent fraud, and maintain compliance, finance leaders are reshaping payables departments into a front line for transaction security.

Many businesses assume that vendors manage their own security. That’s not always the case, and it can leave them vulnerable to attacks. In fact, “98% of organizations have a relationship with a third ...

Launching a startup is risky, and things only get riskier when outsourcing services. Most leaders will require some vendor risk management, or VRM, to give them the confidence to succeed. “Launching a ...

In June 2023, the MOVEit supply chain attack served as a harsh reminder of the vulnerabilities in our software-as-a-service (SaaS) ecosystem. Third-party risk management (TPRM) in today's world of ...

One weak vendor can compromise thousands of organizations. We have seen it repeatedly in high-profile supply chain breaches involving widely used platforms and integrations. Each breach underscores ...

Startup launches VRM Agent, the first in a line of planned AI agents to automate governance, risk and compliance tasks. Risk and compliance startup Drata today debuted its AI Agent for Vendor Risk ...