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    Managed Print Services Vendors

    By: Joseph Walsh , an hour ago
    Posted in: Risk Assessments

    Hi All, How do you classify your managed print services vendor? Thanks for the feedback.

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    RE: 4th Party Vendors

    By: Anonymous Member , 10 days ago
    Posted in: Due Diligence and Ongoing Monitoring

    This message was posted by a user wishing to remain anonymous For critical vendors, it's important, first and foremost, to make sure the contract requires them to notify you of any sub-service ...

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    RE: Open Source

    By: Mirella Coleman , 11 days ago
    Posted in: Risk Assessments

    Open source software is vetted by IT Security, once approved the vendor is added to the portfolio in our vendor Risk Management tool and subject to the due diligence appropriate to the risk rating ...

    1 person likes this.
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    Open Source

    By: Jayne Suess , 11 days ago
    Posted in: Risk Assessments

    Could anyone please share how your company deals with Open source development software? Is your Sourcing and Vendor Management Department involved? I appreciate any and all comments. Thanks, ...

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    4th Party Vendors

    By: Christy Jones , 18 days ago
    Posted in: Due Diligence and Ongoing Monitoring

    ​​ What is your plan for 4th party vendors on a critical vendor?

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    Vendor Site Visits during Covid 19

    By: Michael Stillwagon , one month ago
    Posted in: Due Diligence and Ongoing Monitoring

    Does anyone have suggestions for completing site visits during the Covid 19 environment? Any alternative approaches being contemplated?

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    Hi Everyone, I want to share some very exciting news with you all. We have reached 1,000 community members! This is a milestone we’re very proud of and it’s all thanks to the fantastic third-party risk conversations you all are having every day. As always, please let me know if you have any thoughts or feedback on ways that we can improve the community. In the meantime, here are some links ... More

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    Hi Everyone,   With the COVID-19 pandemic upon us, organizations are implementing their pandemic plans, many employees are working remotely and changes in vendor management are rapidly occurring. In the industry, it has raised lot of questions about pandemic planning and best practices and reminds us no organization is immune to business impacting events. It’s important now more than ever to ... More

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The professionals who take on the job of third party risk ensure the right steps are taken to protect their organizations from vendor risks and avoid costly regulatory enforcement actions. While risk comes in many forms - a good third party risk management program can help address financial, reputation, credit, operational risk and much more during the business lifecycle. 

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Latest Articles

  • July 2020 Vendor Management News

    4 days ago
    Catch up on these latest third-party risk resources and articles our experts recommend during the month of July to make sure you're staying on top of the latest vendor management industry news.

  • Workarounds When You Can’t Get a Vendor Questionnaire Response

    4 days ago
    The best approach to handling vendor questionnaire dilemmas is to find out what the problem is and come up with a solution. I know that seems simple, but I also know that sometimes third-party risk professionals fall into a bad habit of repeatedly knocking on a vendor’s door sending the same template request over and over again. Then, when that doesn’t work, they go right to escalation.

  • The Importance of an Exit Strategy in Vendor Management

    6 days ago
    Why do we want to go into a relationship thinking about the exit?
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