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6 best practices for better vendor management

CIO

And how well an IT leader deals with and orchestrates vendor relationships can mean the difference between a well-organized and efficient IT operation and a mess that costs an organization millions of dollars without delivering positive results. Here are several key tips for making the most of vendor relationships.

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Vendor management: The key to productive partnerships

CIO

What is vendor management? Vendor management helps organizations take third-party vendor relationships from a passive business transaction to a proactive collaborative partnership. While working with IT vendors can help ease the burden on IT, it also raises concerns, especially around data, risk, and security.

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Why Vendor Management Systems Are Essential In Finance?

Daffodil Software

Traditional financial institutions still rely on manual tracking when it comes to the vendor management component of their workflow. They make use of spreadsheets, email, and shared files on online drives instead of a dedicated vendor management platform.

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Candex lands $45M infusion to grow its procurement management business

TechCrunch

Candex, a startup that aims to simplify procurement — specifically vendor management and payment processes — for businesses, today announced that it raised $45 million in a Series B investment led by Goldman Sachs with participation from WiL (World Innovation Lab), Altos, NFX, Craft, JP Morgan, American Express and Edenred.

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Mitigating cyber risks: the essential role of collaboration for Middle East organizations

CIO

The panelists identified three high-risk functions that organizations in the Middle East must prioritize—credential management, vendor management, and patch management. These areas, often neglected or poorly managed, can expose businesses to serious vulnerabilities.

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Download our cloud cost management enterprise buyer’s guide

CIO

Cloud cost management tools are an answer. Budgeting, Cloud Management, Enterprise Buyer’s Guides, IT Management, Vendor Management Developer teams are learning that the pennies add up, sometimes faster than expected, and it’s time for some discipline.

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7 early warning signs of a dying IT project

CIO

Management changes unfold at your vendor or company If a key company or vendor manager leaves who initially was highly supportive of your project, it’s time to see whether that project support will stay intact. In the vendor area, management changes happen most often when companies merge or are acquired.

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