Conversation bubble saying Webinar

Webinar Puts Insurance Pros on the Path to Much-Needed Automation of Vendor Management

September 8, 2020

Sept. 8, 2020 – Experts at the governance, risk and compliance (GRC) technology firm ViClarity are planning a webinar to show insurance pros how necessary – and how easy – it is to automate vendor management. The online event is scheduled for Sept. 15, 2020, at 10 a.m. CST.

“Providers do a terrific job stitching together the third-party quilts that help them deliver on promises to clients with increasingly high expectations,” said Ogie Sheehy, ViClarity global CIO. “Everything works brilliantly until there’s a tear in that quilt. The operational, financial and reputational risks exposed by those tears are far too high to rely on manual protections. We want to show more insurance professionals just how easy it is to evolve their vendor management strategies by taking advantage of highly accessible and affordable technology.”

Indeed, vendor management is growing in complexity, creating a variety of GRC issues for providers who rely on manual processes. One recent survey of risk management professionals and C-suite executives found just 38 percent have controls in place to ensure ongoing monitoring of vendor relationships. This at a time when 53 percent of organizations have experienced at least one data breach caused by a third party, costing an average of $7.5 million to remediate.  

Sheehy along with ViClarity colleagues review key vendor management topics during this one-hour webinar. The presentation will cover automation workflows for vendor onboarding, due diligence and risk management. Topics they’ll touch on include:  

Common setbacks insurance providers experience within manual vendor management processes.
How to increase time and cost savings during onboarding and throughout different due diligence phases.
Ways technology can increase vendor management efficiencies.

The webinar is designed for insurance providers of all sizes. Online registration is open now by clicking here.

Back

Recent/Related Articles

R.I.A. Federal Credit Union Implements Multiple ViClarity Software Solutions

January 19, 2023

ViClarity recently partnered with R.I.A. Federal Credit Union to automate a variety of management tasks and activities. ViClarity is helping the organization to streamline its governance, risk, and compliance (GRC) processes on an easy-to-use and agile technology platform, resulting in time savings and a reduction of manual work.

SESLOC Federal Credit Union Implements Award-Winning ViClarity Software Solution

November 10, 2022

SESLOC Federal Credit Union has recently onboarded multiple modules of ViClarity’s Governance, Risk & Compliance solution. The team implemented Risk Management, Compliance/Audit Management, Policy Management, Complaint Management, Incident Management, Business Continuity Plan, and Strategy Management modules as they adapt to the world of digitalization.