Faster Business Growth Starts with Better Vendor Onboarding

Companies work with third-party vendors to help them become leaner, more agile, flexible, and efficient, so they can go to market faster and beat the competition. However, onboarding remains the most time consuming and pressurized part of the process, as security leaders try to balance meeting the demands with the business with the fundamentals of good security. According to Gartner it now takes an average of 90 days to onboard a new vendor, 20 days longer than four years ago. Furthermore, the recent large scale shift to work from home in response to COVID-19 has accelerated the adoption of new vendors as companies try to enable a newly remote workforce, adding even more pressure on third-party risk managers to onboard and operationalize third-parties faster than ever. Join BitSight’s Evan Tegethoff, Will Ricciardi, and Andrew Calo to learn how third-party risk managers can create faster, less costly and more scalable onboarding processes that enable the business to grow faster and become adaptive to a changing environment, including how to: - Reduce time and cost to onboard new vendors - Scale your program more efficiently - Use tiering to prioritize your assessment process - Use an adaptive process to monitor your vendors