Solution to Monitor and Optimize Vendor Performance
As Financial Services firms continue to be challenged to manage costs, many companies are outsourcing a large number of operational and other functions to third-party vendors. This strategy has increased both the number and the complexity of vendor relationships, in turn increasing the importance of controlling and maximizing those relationships.
To address the prevailing need for vendor oversight, Navigant created Vendor Value Manager℠ (VVM), a proprietary tool to capture, track, and report on vendor-related issues and risks. VVM helps firms monitor vendor issues particularly in the Implementation and Governance & Management phases of the lifecycle.