7 must read tips for managing vendor risks

Published on June 2018 | Categories: Business/Law | Downloads: 16 | Comments: 0
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While they provide efficiencies, cutting-edge capabilities and, oftentimes, cost savings, vendors also expose businesses to an array of risks. Here are several risks that vendors can pose, along with the possible ramifications: •Violation of legal or compliance regulations – These missteps could result in large fines while opening the door to damaging lawsuits.

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While they provide efficiencies, cutting-edge capabilities and, oftentimes, cost savings, vendors also expose businesses to an array of risks. Here are several risks that vendors can pose, along with the possible ramifications: •Violation of legal or compliance regulations – These missteps could result in large fines while opening the door to damaging lawsuits.

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