Vendors provide services to your organization, but effectively managing all these relationships to monitor performance, mitigate risks, and reduce cost can be difficult—particularly when multiple teams are involved.

We can work with you to develop or administer your vendor management program. Our objective is to establish a vendor management framework, develop policies and onboarding procedures, create forms and questionnaires and define system and reporting requirements.

When you outsource a function or service, it’s important to have a plan and process in place to hold the vendor accountable and manage the relationship. That’s where we come in. We can help you develop or administer your vendor management program so you can be confident your vendors are meeting (or exceeding) your expectations. Vendor management is an essential function—let us help you do it well.

• Evaluate your current vendor management program and provide recommendations for improvement.
• Identify the appropriate factors to consider when profiling your vendors
• Assess and classify the risk level of each vendor for structured due diligence
• Track your vendors' performance over time as conditions change
• Mitigate the inherent risk to your organization