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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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SaaS startup Stimulus closes oversubscribed $2.5 million seed round

TechCrunch

Stanard established the company after her own experiences as a buyer and vendor manager. “You have exposure from household names to smaller businesses run by underrepresented founders,” Stanard told TechCrunch. It’s going from discovery to matching in real time.”.

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Business Outcomes of PostgreSQL Cost Optimization

Datavail

Effective vendor management and support models drive down services spending. Achieving these outcomes requires a comprehensive approach covering PostgreSQL capabilities, infrastructure sizing, cloud services, automation, monitoring, and vendor management. Automating administrative tasks reduces manual efforts.

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Workday to acquire external workforce management startup VNDLY for $510M

TechCrunch

“VNDLY is at the forefront of the vendor management industry with an innovative and intuitive approach. The powerful combination of our technologies and talent will help customers better manage their evolving workforce dynamics, helping them keep pace with today’s changing world of work,” Schlampp said in a statement.