Supplementary Reading
Breaking down data silos within your vendor management program isn’t just convenient; it’s critical to truly know the risk your vendors pose to your organization: How will the cost of the partnership impact your finance team’s budgeting goals? What clauses in their contract raise a red flag for your legal department? Read about the dangers of managing third-party relationships within silos – including how ERM software helps you gain and maintain the transparency you need – from procurement to payment.