Vendor Management

Vendor Management

Vendor Management Services

All organizations, regardless of size, utilize third party providers to assist them in their day to day business operations. Now more than ever, organizations must conduct due diligence to ensure the providers they choose take security seriously and will do everything possible to protect sensitive information.

In today's business environment, time is money. In an effort to be more efficient and competitive, organizations of all sizes are using trusted third parties to perform daily tasks. Previously, IT departments were focused on their own network and mitigating risks of a data breach. While that continues to be true today, the concept of using third parties introduces a new element of risk which your business must account for. The good news is that Compass IT Compliance conducts a variety of services to help you manage and mitigate your risk related to third party service providers:

  • Vendor Management Policy Development - Compass can assist your organization in the development and updating of your Vendor Management Policy. This policy will outline the controls in place to assess your risk related to your third-party service providers as well as the steps necessary to mitigate your risk
  • Vendor Management Program Implementation - Compass can assist in developing and implementing a comprehensive Vendor Management Program. This program will provide you with a framework that you can use to effectively risk assess and risk rank your vendors. We will assist with establishing timeframes for the review of vendor contracts (both prospective vendors and renewals), and steps to take for due diligence with new vendors
  • Vendor Management IT Risk Assessment - Assessing your risk to your vendors is an essential component of your overall information security program. By assessing the risk vendors pose to your organization, you can establish and implement controls to understand what risks are present as well as a detailed remediation strategy to mitigate your risk

Let Compass IT Compliance assist your organization in assessing any risks present through our Vendor Management services. You can secure your third-party environment, comply with regulatory compliance requirements, and save time, money, and resources in the process. Contact Us today to discuss your unique situation. Secure. Comply. Save.

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