Experience implementing and maintaining a processes to monitor and report on vendor risk. Risks from vendors can come from reputational damage, ethics concerns, and financial and regulatory violations.
Monitoring by a human expert is key to a vendor management risk identification and reduction strategy.
Many third-party risk management programs fail to meet up to the required standards to effectively manage risk. Many companies lack insight entirely into their vendor portfolio and related risks. This is where we come in to help.
Our risk monitoring experience:
- Financial and Credit Monitoring
- Vendor reputational monitoring
- Global sanctions database
- PEP Politically exposed people screening
Experience running vendor management functions:
- Risk Assessments
- Vendor remediation management
- Risk assessment management
- Process outsourcing
- Vendor relationship management
- Vendor identification
- Spend analysis and classification