Telecommunication companies, including cable companies and others that bill for communication services, are required to charge taxes and fees imposed on telecommunication services: sales taxes, state gross rece...
Noncompliance occurs when one party in a contract does not fulfill his or her obligations. For example, if a construction company agrees to make repairs to your business’s facilities and fails to do so, t...
You’ve likely been sold the benefits of SaaS or “the cloud” for every possible scenario faced by an organization. Depending on your view and your specific needs, you either dismissed or embraced the ideas as yo...
Having contracts stored centrally has many advantages, including making specific company documents and information easier to find. However, without supporting processes and buy-in from staff, centralized contra...
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...