Vendor Management
☂️ Meets cyber security insurance requirement
What is it?
Did you know most healthcare businesses have 30-50 technology vendors? That's a lot! Our service includes complete management of your technology vendors. From selecting the right vendors and negotiating contracts to overseeing performance and resolving issues, we ensure your vendor partnerships are efficient, effective, and aligned with your business objectives.
Why is it important?
IT's engagement with vendor management is essential for ensuring nobody points fingers and creating a stalemate with support. We also use our platform to compare against others to help you get the best products and services while controlling costs and minimizing risks. Navigating vendor relationships can be complex and time-consuming, but with our expertise, you can optimize these interactions, ensuring you receive maximum value from your vendors.
How it works:
We start by assessing your current vendor landscape and identifying key areas of risk. Our team then develops and implements a comprehensive vendor management strategy, including vendor risk to the business, key support functions and roles, what dependencies they have to the staff, applications, or ancillary areas of the business's operations. We begin to track issues, document how to solve issues, and build visibility into where staff might not know who to call when they encounter issues.
What are the benefits?
Cost Control
With our help, negotiate favorable terms and conditions, helping you to control costs and get the best value for your technology investments.
👉🏻 😫 👈🏻 No Finger Pointing
By understanding the vendors role and services, we can own the last mile and squash any chances of finger pointing.
Documentation of Your Vendors
We maintain records for ease of visibility of who they are, what role they play in the business, when renewals are up, and more.
Security Impact
How does a vendor impact your security footprint? If they have a breach, will it affect your business? We learn, manage, and communicate risk where vendors might be a problem in your security maturity journey.
