Blog

Navigating the complex landscape of vendor relationships is a critical aspect of modern business management. With nearly 80% of organizations having formal programs for vendor risk assessments, it's clear that understanding and managing these risks is a top priority.

However, about 30% of these organizations lack dedicated staff for this task, underscoring the need for more focused attention on vendor risk management. This blog sheds light on the various types of vendor risks and provides insight

Reliance on third-party vendors and suppliers is genuinely expected in the modern business environment. This reliance, however, introduces a range of risks that need to be managed effectively. Vendor risk management (VRM) is essential for maintaining an organization's integrity, reputation, and competitive standing. This blog aims to highlight the five key types of vendor risks and emphasize the importance of managing these risks through strategic approaches, mainly vendor risk management softwa

Outsourcing business functions has become common and is the norm instead of the exception. From IT services to supply chain management firms, nearly every organization today relies on third-party providers to some extent. However, this convenience comes at a cost, as businesses are exposed to greater risk.

Third-party risk management should be prioritized for all financial organizations, from global giants to personal startups. As a business, you would do well to ensure third-party risk is on you