How Mid-markets can get started with vendor risk-management

When you’re a small company, in the hierarchy of risks, vendor risk is near the bottom. As a mid-market company, there’s a growing awareness that vendor risk needs to be managed. Brand reputation, competitive advantage and company finances are all at stake. You may not have a lot of vendors, but some are quite critical, and they may or may not be the right vendors to work with as you grow. More due diligence is needed. Yet, many companies struggle to get started with a formalized vendor risk management program. It seems like a daunting undertaking.

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