Sunday, November 27, 2016

VIDEO: External Vendor Risk Management (Drivers, Trends & Approaches)

A recording of last summer's well attended session on vendor risk management is now available: "Vendor Procurement, Risk and Relationship Management" --

Jointly produced by Intapp and HBR Consulting, this video explores the various factors causing firms to pay even closer attention to the way they select, evaluate and manager their external vendors. (Client information security mandates are just one of several drivers.)

Scott Springer and Mark Denner from HBR reviewed industry trends and how innovative approaches, supported by new technology, enable firms to streamline procurement, evaluate vendors and address increasingly stringent client and industry requirements.
They also reviewed the vendor lifecycle and demonstrated of HBR Consulting's procurement management solutions, built leveraging Intapp Flow to manage the entire vendor lifecycle, including:
  • Evaluation & on-boarding
  • Information security review
  • Performance monitoring
  • Audit & compliance
  • Off-boarding
(They've nicknamed it "NVI." V for vendor, in the same way firms have an "NBI" approach for business. Clever.)

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