With the advent and adoption of cloud services and Software as a Service (SaaS), vendors now offer a wider range of products including: high-quality employee benefits, internal IT support, product development, outsourced IT infrastructure such as Amazon Web Services, online meeting and video conference services, and many others.
The explosion of offerings makes vendor management a critical aspect of a corporation. Vendor management is complex and risky, and requires the vendor manager to be more flexible and proactive than ever to be successful. Vendor risk exists especially in situations where the security practices of your third party vendors are being targeted by attackers to reach a company’s systems.
Working with hundreds or thousands of vendors can create a heavy workload for the team responsible for quality, cost and compliance. Total VMS allows our clients to configure reports that filter data that reflects detailed data, historical activity and future trends. We also allow individual clients to configure their own set of compliance requirements. This will reduce the resources that are reviewed by eliminating those that are too expensive, non-compliant or that does not meet other quality measures that have been selected. Communications is time consuming and requires planning. Our system will push message and notifications as well as required forms our to specific vendors. We can send information to Spanish language, medical interpreters that have worked at a specific client location between set dates any data we choose and only those people will receive the data. However, they will all receive it with a push of a button. Billing and payment updates, holiday schedules, cancellations, etc.