Vendor contract management is the administration of written agreements with third parties that provide your organization with products or services. The process includes contract negotiation, creation, execution and analysis. In this 90 second podcast you’re going to learn what vendor contract management is and some best practices that we recommend.

This Thought Leadership Interview features Jennie Fowler, Vendor Management Officer with American Credit Acceptance. Throughout the interview, Jennie shares how financial institutions are doing in Third Party Risk Management and the current struggles that company’s are facing today. Jennie shares her experience and recommendations to help obtain buy in and support from the C-suite when it comes to vendor management.

Sometimes a vendor may not pose enough risk to an organization to make it needed to actively monitor; therefore, some organizations choose to write certain third parties out of scope. In this 90-second podcast, we will cover the steps you need to take to determine the vendors that need to be included in your vendor oversight and how to best assess risk.

This interview focuses on the unique perspective of Nicole DeSantis at Rabobank. Nicole discusses the three lines of defense model discussion and why this discipline should be implemented at your organization. She also talks about how there should be a well-developed vendor management structure at all organizations regardless of the size. And, as a GDPR expert, Nicole shares her thoughts on future GDPR implications on U.S. corporations.

Maintaining strong vendor management relationships will help lead to a successful partnership for your organization. In today’s podcast, we’ll cover 8 important tips to maintain good vendor relationships in 90 seconds.

Since becoming one of the primary points of focus for the Consumer Financial Protection Bureau (CFPB), UDAAP has presented some concern to third party risk professionals. In this podcast we cover procedures and best practices to effectively manage UDAAP and your third parties.

With the increase in regulations and vendor oversight requirements, managing your vendors with a spreadsheet will prove to be very inefficient. Here are 7 reasons why spreadsheets will not cut it anymore, especially in 2019.

Creating a vendor risk assessment template, commonly known as a VRA questionnaire can be quite the daunting task. In today’s podcast, we will cover 5 tips and recommendations to help you build a solid foundation for your vendor risk assessment template.

This interview focuses on the role of vendor management in financial intuitions from a legal and regulatory perspective. Spencer Knibbe answers key questions about the specific pain points organizations are currently experiencing for third party risk management, which includes data aggregation, organizational consistency, reporting and cybersecurity.

For vendor management, there are three unique sets of documents that you're going to want to create and update. The first document you should focus on is writing a third party risk management policy. In today's podcast, we're going to cover steps that will assist you in getting starting writing an effective risk management policy.