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Third parties are extensions of an organization and their actions can have a direct impact on compliance efforts and brand reputation. Because of that, regulations from conflict minerals to HIPAA are increasingly expanding to include an organization’s vendors and business associates. This requires companies to survey, assess, and follow-up with dozens, hundreds or even thousands of third parties, and take action against those not in compliance.
Vendor Manager, part of the Keylight GRC platform, simplifies the process of evaluating vendors, contractors, suppliers and service providers for risk and compliance to your organization.
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