Automating Vendor Risk Management - Webinar By EITAGlobal Shared by JamesRichard
You will learn the various approaches to vendor risk management and determine the best path to implementation for your organization. You will learn strategies for gaining commitment from stakeholders - an essential step in implementing any organizational change. You will learn how to use vendor classification to reduce costs and improve compliance. And you will learn how to maximize the benefits of an effective vendor risk management using dashboard reporting and on-going remediation processes.
Why should you attend: Research has established that those organizations who invest in vendor risk management reap clear and demonstrable benefits - reduced number of security breaches, fewer instances of data theft or loss and a much lighter audit burden, which frees up time and resources. All of these directly impact the bottom line. Automation is key to an effective and scalable vendor risk management program. Automation enables the organization to manage an increasing number of vendors, reducing the need for people to perform repetitive, sometimes tedious tasks and allows them to focus on higher value functions, such as analysis and remediation. Automating vendor risk management is a far-reaching initiative within any organization, as it touches on several areas of responsibility including IT, Legal, Audit , Purchasing and Management. This requires effective communication strategies, both inside the organization and with the vendor community, providing training, timely information and feedback loops.
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