Manage Vendor Risks through Integrated GRC Processes

Globalization of business has changed procurement processes significantly and companies can now source goods and services from vendors across the world. As companies change their procurement strategy from single vendor model to multiple vendor model, they face inevitable vendor risks. For an example your vendor fails to replenish office supplies in lead time or IT vendor’s fraudulent business practices impacts your business projects and revenue. In addition to procurement risks, organizations regulated by PCI DSS, BASEL, HIPAA, SOX and other regulations have to ensure that vendors accessing their assets and systems are following regulatory requirements.

Join us for a complimentary live webcast hosted by MetricStream to learn how to:

• Adopt an integrated GRC infrastructure to manage vendors risk assessments, issue management and regulatory compliance status
• Integrate policies with vendor assessment for regulatory and policy compliance
• Automate risk profile of vendors and compliance status based on assessment results
• Measure and mange vendor risk based on policy & regulatory compliance, organizational performance, financial status, support and service performance indicators
• Deploy online solution for collaboration with vendors across geographies and measure risk in single system
• Generate vendor risk reports based on assessments to manage vendor relationship and strategy

Panelists

Ramesh Srinivasan Solutions Manager, MetricStream Vinayak Chakravartti Solutions Group Head, MetricStream