Peer-Driven Insights

Vendor Management

About this topic

Vendor management refers to the selection, monitoring, and relationship management of external suppliers. Effective vendor management optimizes supplier performance and value.

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Sept 2024

How are U.S. CISOs Addressing Liability Risk?

New regulations taking effect in the U.S. mean that cybersecurity leaders could face legal liability in the event of an incident. What strategies are they using to protect themselves?
How are U.S. CISOs Addressing Liability Risk?

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Rathik Pathak

Rathik Pathak

JM Financial Services Ltd

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Community Posts

Does anyone have a favorite alternative to Tableau? Why?

ThoughtSpot5%

Power BI (Microsoft)62%

SiSense8%

Looker (Google)9%

Qlik8%

MicroStrategy2%

Other3%

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Without disclosing any specific vendor names - What was the most egregious experience you've had with a software vendor that still makes you wonder, “Did that really happen? Did they truly do that?”

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Vendor consolidation — which stakeholders are you collaborating with on this? Is everyone aligned on what success looks like?

What vendor issues have you seen in your landscape when it comes to 3rd party supplier risk management?

Should vendor landscapes shift into an industry-wide standard architecture model?

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Are you embracing cyber security as a service?

Yes - using MSSP28%

Yes - Embracing MDR or XDR45%

Yes - shaping my internal efforts this way23%

No (please write your reason below)3%

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Is your vendor management currently manual or do you use tools?

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What vendor management system do you use – and do you recommend it?

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Which vendor management tools should IT leaders consider implementing?

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What’s your vendor relationship like with Itineris? Pros, cons?

What do vendors get wrong when partnering with businesses trying to transform?

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What is most important when selecting an open-cloud platform?

Reliability21%

Interoperability55%

Rate of Innovation14%

Portability5%

App developer preference2%

Other (comment below!)1%

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Should we be asking vendors what they are doing to address below the operating system vulnerabilities?

We are currently looking for a company based in Germany that specializes in performing a comprehensive database audit. The audit should primarily focus on redundancy, stability, and the overall infrastructure architecture of our mixed database landscape. The technologies involved include Microsoft SQL, Oracle SQL, PostgreSQL, and IBM DB2. If you have any recommendations or suggestions for companies that can effectively perform this audit for all the listed technologies, we would greatly appreciate your input.

We need help automating and streamlining our tax withholding process for payments made to foreign suppliers who provide services to our US-based entities.  Our Accounts Payable team is responsible for assessing the appropriate withholding tax in these situations. Our goal is to reduce manual work and errors. We're looking for partners who can provide automation solutions or manage this process for us. Any recommendations or expertise in this area would be appreciated.

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We recently rolled out a Starlink network connection as a second link (in addition to existing fiber link) through a local partner (in France). It works well but we had the bad surprise to discover a change in Starlink offer. Since may 1st, once the amount of data ordered (1 Tb) is reached, the bandwidth is dramaticly reduced (previously it was meant to be unprioritized). Does anyone has any significant experience in Starlink network and the contractaul evolution over time?

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