This message was posted by a user wishing to remain anonymous
Is anyone adding vendors like Amazon and Office Depot to their "Not in Scope" list?
For those vendors on your "Not in Scope" list:
- How are they being monitored?
- Are you doing a review (Insert timeframe) to determine if they are going to stay on this list?
- How are you keeping track of them - included in your VM program but clearly marked as "Not in Scope"? Keeping an excel document?
We are working on changing our policy to have a "Not in Scope" section and wanted feedback on how other banks are doing this process.
Potential examples are:
• Customers
• Employees
• Investors
• Government entities
• Public utilities
• Sponsorships or donations
• Vendors covered under travel and expense policies (hotels, airlines, shuttle bus, etc.)
• Media subscriptions
• Professional membership dues and conference fees
• Payees (Board members, legal settlements, etc.)