The First Step in Vendor Compliance Management: Risk Assessments
If your organization utilizes a third-party vendor to conduct part of your business process – whether that be billing, customer service, data processing, etc. – the risks associated with that partnership could ultimately put you out of business. Because of this, establishing a formal risk assessment process allows organizations to do their due diligence and lays the foundation for effective vendor compliance management. But how can it be done? You…