An increasing reality of modern organizations is that certain business activities will be outsourced to vendors. Each new vendor adds risk—and organizations can’t outsource liability .
These risks can be reduced with a solid onboarding process and efforts to establish, refine, and improve vendor oversight controls. But having the process alone isn’t enough. Organizations must rely on audit to confirm they’re engaging with the right vendors in the right ways.
In this white paper, you’ll get actionable takeaways on how audit can provide oversight to strengthen your VRM program in these five areas:
- Resource and program management
- Onboarding requests
- Remediation processes
- Technology and assessment services
- Vendor reporting