My firm is preparing to implement a formal vendor management program. I'm kind of interested in following others' lead here. Are you doing this internally or externally? How much are you spending (FTE doing this could be a proxy)? How many high risk vendors do you have that need to be proactively managed? And finally, are you in a regulated industry?
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Chief Information Technology Officer in Finance (non-banking)7 years ago
Our vm implementation is internal and we do require SSAE compliance for critical vendors, reviewed annually to ensure we minimize risks.
CIO in Finance (non-banking)7 years ago
We are planning on using a BPO external solution. Our firm won't dedicate any full time staff to this initiative. And we are SEC/FINRA regulated.
no title7 years ago
Have a look into the resources Infotech Research can provide. This one area paid for the annual membership IMO. Their insight is deep and the engagement with specialised analyst first class. If you need a contact happy to provide one.
Have a look into the resources Infotech Research can provide. This one area paid for the annual membership IMO. Their insight is deep and the engagement with specialised analyst first class. If you need a contact happy to provide one.