Among the many changes we’ve all seen over the recent months after the devastating effects of COVID-19, one of the most concerning has undoubtedly been the drastic cuts to staff. If your [...]
At times, it can prove quite challenging to justify outsourcing vendor management when the program in place gets the job done. Have you found yourself in this situation before? It’s human nature [...]
Vendor management and the myriad of ensuing requirements have increased significantly over the past several years. There’s now increased attention to fourth party vendors and expectations around [...]
The workload in vendor management can be enormous, particularly with heightened regulatory expectations, pressures on deadlines and the need to keep an eye on expenses.
Science Fiction and Jeopardy fans will recognize the line “I, for one, welcome our robot overlords” but is there a real danger to the rise of regulatory technology (RegTech) companies in general [...]
Risk assessments continue to be a challenge for organizations regardless of size. At a granular level, a basic risk assessment may be the guide to determine the level of oversight that a third [...]
Does leveraging external expertise make sense in a tight margin environment? In an environment of increasing competition with shrinking margins, there's valid reasoning that leadership might [...]
In any line of business, changing a vendor service is no easy task. The same thoughtful consideration should be given to the vendor management tool which will, ultimately, be the cornerstone of [...]
It’s November! Where did 2018 go and why haven’t I dove back into my vendor management program? This is certainly a common conversation we have with clients here at Venminder. By taking these 6 [...]
Are you outsourcing your third party risk management functions to a software provider? If so, have you ever stopped and thought about if the company is the right fit for your organization? I [...]
Outsourcing a product or service comes with a price tag. Whether you think of it as an expense or simply the cost of compliance, you may often find that the work of outsourcing, while falling in a [...]
If you've elected to leverage the benefits of outsourcing a function to an overseas based partner, it’s important as a vendor manager to ensure that senior leadership is on-board with any [...]
Learn why vendor management oversight is now recognized as a unique discipline which you can successfully outsourced.
Vendor management and its requirements have grown significantly over the past several years. There is now increased attention to subservice providers (fourth parties) and expectations around [...]
Software, that is not only well-designed but created by experienced vendor risk management professionals, will help you streamline your operation.
Vendor Management has become an art, a science and has metamorphized into a discipline which addresses multiple aspects covering reputation, credit, operational and financial risk.
You really do [...]
We were recently asked if there is a certain size threshold at which an institution should or should not consider outsourcing. The discussion led to a lot of thoughts – but when it came down to [...]
Chances are you would not only like someone to help you get the work done but also help you raise your vendor management game. Will they further your vendor management education? Are your [...]
The job is big, you know you have to do it, there’s not enough of you to go around and the examiners will be there soon. What’s the answer?
As you are well aware, Vendor Management at your bank or credit union is not an optional activity.