Although Artificial Intelligence (AI) has been around for quite a while, the adoption and evolution of AI-related technologies has dramatically improved over the past year. AI can provide organizations with an easier way to manage third-party vendors and supplier risks and ensure compliance in this complex regulatory environment. Third Party Vendors: Opportunities and Challenges Organizations … Read more
West Chester, PA January 12, 2024, Modevity, LLC, a leading Commercial Intelligence company established in 2004 specializing in Investigative Due Diligence Research and Vendor Risk Management (VRM) Services, announced today that the company signed a contract to support DMC Global a US based Engineered Products Manufacturer for Third-Party Vendor Risk Management Support. In this highly … Read more
Vendor Risk Management has wide-ranging implications throughout an organization. The failure of a vendor to meet their obligations can have detrimental effects on a firm’s security, compliance, manufacturing processes, and customer support. While establishing a vendor’s baseline ‘risk’ profile is a fundamental step, continuous vendor monitoring for any changes becomes crucial for security, risk managers, … Read more
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