Businesses rely on vendors for several things, whether for services rendered or the acquisition of technology. Unfortunately, the act of managing so many vendors can be exhausting and downright time-consuming for companies. What is the forward-thinking company to do, and how can it overcome the challenges of vendor management?
Some industries require more compliance than others, as they deal with sensitive data on a regular basis. In efforts to protect this data, governments and agencies have implemented laws, regulations, and other requirements to ensure businesses remain compliant with this expectation.