While it’s hard to blame a company for canceling vendor audits during the pandemic, it’s important to understand that business is moving forward, and straying from good business practices is never a good idea. ...
Our CEO, Todd Larsen, provides insight into the value of Audit Trails. /* */
Every interaction your company has with a vendor when relating to its services has a trail of information. Taking the time to make sure that this trail is easy to access, follow, and confirm is the first step t...
Are you using the right metrics to benchmark your contract rates and terms? /* */ To learn more about Benchmark Analytics check out this block post.
When managing vendors and contracts, it is good practice to both keep costs down and avoid spending more money than is required. The more cash you keep, the better your profits will be. However, in some busines...
With an ever-increasing number of potential vendors, it has become imperative for companies to devise strategies that can mitigate vendor risks. They need a robust vendor management process that can analyze dif...