My firm is preparing to implement a formal vendor management program. I'm kind of interested in following others' lead here. Are you doing this internally or externally? How much are you spending (FTE doing this could be a proxy)? How many high risk vendors do you have that need to be proactively managed? And finally, are you in a regulated industry?

Financial and Vendor Management

We are planning on using a BPO external solution. Our firm won't dedicate any full time staff to this initiative. And we are SEC/FINRA regulated.

3 comments

#vendor management,#leadership,#organizational structure,#strategy https://www.pulse.qa

Pulse User

We are planning on using a BPO external solution. Our firm won't dedicate any full time staff to this initiative. And we are SEC/FINRA regulated.

Pulse User

Our vm implementation is internal and we do require SSAE compliance for critical vendors, reviewed annually to ensure we minimize risks.

Pulse User

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