Vendor management is a repeatable, effective method for developing and monitoring third-party providers of goods and services. It is also a way to derive as much VALUE as possible from contracts and build mutua...
Bill Review Billing Optimization Billing Savings billing software business expense management Consulting Cost Reduction Tips Cost Saving Solutions Cost saving strategies Cost Savings financial planning and analysis Financial Reporting Financial Transparency spend management Supplier Management Telecommunication Audit Utility Audit vendor expense management vendor management software vendor management solutions vendor management tracking vendor risk management
Vendor management is the process of continually assessing the risks a third-party vendor and its subcontractors pose to your institution. It relies on policies, procedures, and tools to monitor and mitigate tho...
Taking a risk-based approach to vendor management is growing quickly in importance as businesses work with a broader base of vendors. Business expansion and increasing regulatory scrutiny of vendor relationship...
Spend Under Contract is exactly that…it is the amount spent by an organization that is covered under a contract with a vendor. They are expenses that are actively reviewed and managed internally by a Vendor M...
If you are a cost minded and profit responsible business owner, Managing Member or C-Level executive, ask yourself this question…Why wouldn’t I jump at the opportunity to have a contingency based, no risk audit...
To know how to save money, you need to know where it is spent. The reality for most vendor management teams is that spend analytics and contract information is often incomplete. Managing critical documents and ...