Why vendor management (http://www.brinqa.com/products/vendor-risk-manager) : The time, cash and energy used to nurture a constructive dealer relationship cannot be measured straight in opposition to the company's bottom line.

1. Vendor Management The establishment of a centralized and standard solution for managing all of your SPs, coupled with automation of processes for your vendor management program, enables companies to manage the risks associated with using 3rd party service providers while increasing visibility into vendor performance. Key Benefits of vendor management is Lower costs by standardizing vendor risk management framework and providing a unified location for vendor risk program management, reporting and dashboards.

2. Vendor Management Procedure To enhance the vendor management procedure , it is important to track and evaluate vendors on a regular foundation. Executive dashboards report on the organizations vendor risk posture and provide drill down to specific vendor or contract views. Conducting assessments, performing due diligence, accepting, remediating, and tracking risks and ensuring comprehensive visibility into overall vendor program risk can be simplified while accountability is enforced.

3. Policy Management Policy Management of Brinqa GRC Platform manages the complete lifecycle of policies, ensuring consistent mapping to regulations, industry mandates, frameworks, standards and best practices. Further simplifying your GRC initiatives, Brinqa GRC Platform intelligently maps your business policies to the processes and controls that implement those policies. GRC Platform enables the efficient communication, audit and enforcement of policies across the enterprise.

4. Privacy Management Establishing a company-wide solution for privacy management across customer relationship management (CRM), external marketing initiatives, human resources, etc., simplifies the formation and communication of your privacy policies. Finally, through assessments and automated controls monitoring, the effectiveness of privacy policies and adherence to those policies is documented and understood, providing a basis for better decision-making.