Property owners & managers increase their risk when they work with a new vendor, contractor, or tenants, requiring careful COI tracking for real estate.
Full-service COI tracking for business can accommodate changing work levels, free up staff time, save money, maintain the highest standard of third-party risk mitigation, modernize operations, and improve the vendor experience.
Working with compliance analysts can help businesses mitigate third-party risk through insurance tracking, document management, regulatory and financial screenings, and health and safety prequalifications.
Migrating your COI tracking solution may ultimately save you hours of work, but the initial implementation process can be tricky: reviewing your records, choosing an approach, backing up your data, sticking to your methodology, and testing your results.
Modernizing your vendor management process can help you save time, cut costs, evaluate vendors more easily, maintain stronger connections, improve compliance, reduce risk, and enhance visibility.
Developing and implementing an effective risk management plan is essential to mitigating threats to your business. This comprehensive guide explains its importance, outlines techniques for identifying and prioritizing threats, and defines key concepts and checkpoints within this five-step process.
Centralizing your in-house compliance process and documentation can help you save time, conserve space, enhance organization, secure critical information, reduce data loss from human error, improve audit efficiency, increase compliance, enhance visibility, and appear more professional.
Vendor screening can help reduce your liability when taking on third-party subcontractors. Depending on your industry, OFAC debarment screening, EHS screening, financial screening, and legal screening may be beneficial.
