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Vendor management: The key to productive partnerships

CIO

What is vendor management? Vendor management helps organizations take third-party vendor relationships from a passive business transaction to a proactive collaborative partnership. While working with IT vendors can help ease the burden on IT, it also raises concerns, especially around data, risk, and security.

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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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Case in point: taking stock of the CrowdStrike outages

CIO

Last summer, a faulty CrowdStrike software update took down millions of computers, caused billions in damages, and underscored that companies are still not able to manage third-party risks, or respond quickly and efficiently to disruptions. It was an interesting case study of global cyber impact, says Charles Clancy, CTO at Mitre.

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Why Vendor Management Systems Are Essential In Finance?

Daffodil Software

Traditional financial institutions still rely on manual tracking when it comes to the vendor management component of their workflow. They make use of spreadsheets, email, and shared files on online drives instead of a dedicated vendor management platform.

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Nigeria’s Prospa gets $3.8M pre-seed to offer small businesses banking and software services

TechCrunch

Banks only concerned themselves with providing some financial services so people like Obasi had to look for software or personnel to cater to the operational parts of their businesses. For someone who runs a large business with a considerable influx of cash, it is easy to assign staff or buy software to delegate tasks.

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12 AI predictions for 2025

CIO

Vendors are adding gen AI across the board to enterprise software products, and AI developers havent been idle this year either. Weve also seen the emergence of agentic AI, multi-modal AI, reasoning AI, and open-source AI projects that rival those of the biggest commercial vendors.

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How today’s enterprise architect juggles strategy, tech and innovation

CIO

Ecosystem warrior: Enterprise architects manage the larger ecosystem, addressing challenges like sustainability, vendor management, compliance and risk mitigation. Open source: This is an expanding offering in the industry and enterprise architecture stack beyond software, with huge potential.