In these tough economic conditions, companies are faced with the constant pressure to cut costs and make their process efficient. Technology outsourcing (TSO), business process outsourcing (BPO), cloud based offerings are some of the strategies that companies are adopting. This means companies are more reliant on service providers and the risks posed by the service providers must be managed.
- Automated solution to capture vendor assessment
- Multiple dimensions used to capture vendor profile
- Centralized vendor risk management application
- Reporting on vendor risk posture