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Vendor prerequisites

What if a prospective vendor refuses to give us the information we require?

Just do not use them and move on. As a training vendor, I am often asked to provide insurance, workman’s compensation and confidentiality agreements. A training company is a very low risk vendor but I am on premise and I do have conversations about private matters about customers and procedures of the financial institution. These are minimum requirements for many vendors. If not met, the vendor should be declined.

Learn more about Deborah’s webinar Vendor Management Strategies

First published on 08/07/2016

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