Results for tag: "Vendor Risk Management"

Vendor Risk Management (VRM) is a process used by organizations to identify, assess, and manage the risks associated with third-party vendors. It is a critical component of an organization's overall risk management strategy, as it helps to ensure that vendors are compliant with applicable laws and regulations, and that they are providing the services and products they are contracted to provide. VRM also helps organizations to identify and mitigate potential risks associated with vendors, such as data security, financial stability, and operational performance. VRM is a rapidly growing market, with organizations increasingly recognizing the need to manage their vendor relationships more effectively. Companies are investing in VRM solutions to help them identify, assess, and manage vendor risks, as well as to ensure compliance with applicable laws and regulations. Some companies in the VRM market include Riskonnect, LogicManager, ServiceNow, RSA Archer, and LockPath. Show Less Read more