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Vendor Risk Management

The importance of assessing and managing the risks inherent within your supply chain is unprecedented. In addition, many industries such as financial institutions and financial services are required to enhance and expand their oversight and monitoring of vendors by law and regulations. Whether you want help in setting up a new vendor management program, need independent advice and guidance, or want to delegate certain processes or functions to an expert, we are here to assist you.

CBIZ can help you with an initial risk assessment of your vendors and your current vendor management system. Our clients dictate the scope, depth and breadth of the project and can customize certain areas to meet their specific needs. We can help you by building a new system or confirming that your current program is sufficient for now and in the future. We can also provide detailed financial analysis on each of your vendors and help you to determine their ability to continue to serve you in the future under varying conditions. If necessary CBIZ can perform full due diligence exams on your key and critical vendors.

By bringing industry best practices and seasoned experts to our engagements, we provide our clients with means to mitigate risks and manage their vendor management program. We work on a national basis and with all sizes of companies from small, privately held businesses to large, public corporations. Contact us to find out how we can help you with your vendor and supply chain challenges.

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  Companies that manage vendor risk by anticipating and managing exposures can maximize the services provided by third party vendors. Discover how.