Businesses everywhere leverage third parties to provide needed expertise or simply to get more done. While essential, outsourcing can also create vulnerabilities around data security, supply chain, compliance, financial viability, and more. Assessing and monitoring [...]
Challenge Stanley Steemer was offered the opportunity to significantly expand its service portfolio and add a new revenue stream – but that meant the company first had to significantly upgrade the way it managed [...]
No matter how well prepared your organization is to weather out the coronavirus crisis, your ultimate resilience depends on that of your underlying third parties. In a reality check, some 94% of Fortune 1000 [...]
Third party vendor risk can result in potentially hugely damaging incidents, but many businesses tend to focus on protecting their in-house systems and processes and can be less concerned about those they hand over to [...]
Vendors are critical to the success of most organizations – but they also pose considerable risk. The trick is to make sure your vendors have what they need to perform well without compromising your company [...]
The claims vendor list is long – attorneys, medical professionals, auto-repair shops, contractors, medical case managers, and the all-important TPA. Not only are you spending good money for their services, these vendors represent your company. [...]
Organizations are relying on third-party suppliers more than ever to achieve their business goals. As integral business partners, these vendors represent your company – and your reputation, your brand, and your bottom line are at [...]
The annual RIMS conference is always one of the best places to get a pulse on what is most important to risk management professionals, and this year’s event was no different. Here is a look [...]
Organizations spend a large amount on human and financial resources in completing IT security, compliance and other important risk reviews of their vendors. Most organizations have created a vendor risk management program to complete [...]
The new year is an opportunity to find the energy and inspiration not only to tackle our personal goals, but to also tackle professional and organizational goals—particularly those related to the risk, insurance and [...]
Stanley Steemer's Michelle Middendorf discusses the return on investment in vendor risk management software. When Stanley Steemer set out to automate the more basic process of managing certificates of insurance for our 200 franchisees [...]
Vendor Consolidation As the name implies, vendor consolidation the act of consolidating, or reducing the number of vendors a company is spending money on, on a monthly or annual basis. Organizations are overwhelmed by [...]
