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6 best practices for better vendor management

CIO

And how well an IT leader deals with and orchestrates vendor relationships can mean the difference between a well-organized and efficient IT operation and a mess that costs an organization millions of dollars without delivering positive results. Here are several key tips for making the most of vendor relationships.

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Candex lands $45M infusion to grow its procurement management business

TechCrunch

Candex, a startup that aims to simplify procurement — specifically vendor management and payment processes — for businesses, today announced that it raised $45 million in a Series B investment led by Goldman Sachs with participation from WiL (World Innovation Lab), Altos, NFX, Craft, JP Morgan, American Express and Edenred.

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Your CEO has little idea who IT is or what IT does

CIO

Executives need to understand and hopefully have a respected relationship with the following IT dramatis personae : IT operations director, development director, CISO, project management office (PMO) director, enterprise architecture director, governance and compliance Director, vendor management director, and innovation director.

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Grand Bank's Success Story: Enhancing Vendor Management with Ivanti's External Attack Surface Management Solution

Ivanti

Forrester highlights that EASM is crucial for thorough due diligence, especially during mergers and acquisitions, where uncovering hidden vendor assets is vital for assessing risk. It offers an automated, comprehensive vendor management approach that continuously monitors vendors' attack surfaces, assesses and mitigates risks.

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Workday to acquire external workforce management startup VNDLY for $510M

TechCrunch

“VNDLY is at the forefront of the vendor management industry with an innovative and intuitive approach. Folding that capability into the Workday platform expands their capabilities with an offering that customers will need in the future.

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Vendor consolidation a hot-button topic for CIOs as they try to manage the tensions between innovation and efficiency

CIO

CIOs have always had to find a balance between the need to deliver innovation and the need to establish operational excellence. In a report , EY highlighted five steps towards delivering innovation in a way that also achieves cost efficiency. However, this tension has become even more challenging in recent years.

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Downer’s digital journey to deliver consistency to customers

CIO

We have heads of IT that report to me in each unit, and we also support strategic programs of work, all with the aim to utilize innovation so we make it seamless to do business with our customers. One of our innovations has been a solution called Fault IQ, which uses an off the shelf detection product.