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#1039821 - 09/11/08 01:35 PM Vendor Management
ahkcompliance Offline
Diamond Poster
Joined: Sep 2008
Posts: 2,470
Midwest
I am trying to write a vendor management policy to our Bank to following when choosing a vendor. What specific information should be included in the policy? What should we be looking at?

Thanks,

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#1040412 - 09/11/08 06:44 PM Re: Vendor Management ahkcompliance
avpbsa Offline
New Poster
Joined: Mar 2008
Posts: 15
reminder to look at financials, their ability to be a viable entity in the next few years, a review of SAS 70 and the items the vendor would not be liable for

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#1043579 - 09/16/08 08:53 PM Re: Vendor Management avpbsa
Hershey1 Offline
New Poster
Joined: Aug 2008
Posts: 2
I always look for specifics in the vendor agreement on their responsibilities if they encountered a security breach (if they maintain confidential information). And, if they provide a critical service, some time of assurance in the same agreement that they have disaster recovery or redundancy services for the relationship.

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