Vendors in today’s complex business environment play an important part in the success of your organization. Relying on vendors, however, brings added risk.
Managing these vital risks and relationships is key to make sure third-party products and services adhere to the security best practices and the applicable laws and regulations.
When it comes to managing critical vendors, it’s no longer enough to rely on word processing tools or spreadsheets, as they no longer meet the growing requirements from investors, customers, and auditors.
Companies should get comprehensive vendor management software that enables them to:
This capability makes sure that the suppliers’ use of the program does not have a negative impact on business performance or disrupt company operations.
A program with vendor risk management technology:
A software with a vendor lifecycle management solution allows organizations to:
Stave Procurement reduces time spent writing reports, filing documents, and chasing after invoices.
Stave Procurement is the right solution for enterprises in search of a comprehensive vendor management solution that: