Thank you to everyone who filled out our 2021 Vendor Management Survey! We had over 1,500 participants from a variety of backgrounds including Banking, Pharma, Government, and Retail! Despite the huge variety in organization size and number of key vendors, there was something over 80% over our respondents had in common: they expect their vendor management costs to increase in 2021.
That doesn’t need to happen!
Trust Exchange has been working for years to save companies time and money on third party vendor management, and we’ve gotten pretty good at it. Recently, we helped a medium sized credit union save $100,000.00 by using Trust Exchange to manage their third party risk. The savings scale for larger financial institutions and networks. For example, over the past two years a network of financial institutions that had 40+ full time individuals cumulatively monitoring over 700 vendors, was able to save over $1,000,000.00 in labor costs alone.
If you’re interested to find out how Trust Exchange can save you time and money, request a demo.
