Which vendor management tools should IT leaders consider implementing?

We are looking at the ServiceNow GRC module, and I also like the look of OneTrust. You can manage your vendor risk through OneTrust and it can also help you fill in security questionnaires if you are a vendor for other organizations, because it stores a library of your responses.

There are a ton of tools out there for vendor management. Some of them are really expensive, and some of them aren’t good, but from a certification standpoint, if you're large enough and you can get in with one of these tools, it would be great. Productiv is one of those. It's not only doing what you might need where you need visibility, but it can also help you save money because it lets you see where licenses and costs are going. Some of these tools aren't just for security or review purposes, but better management's a beast.