Vendor management is a critical function in any organization that relies on third-party vendors to support its operations. This process involves more than just finding the best price for a service or product. It requires establishing, maintaining, and managing relationships with these vendors to ensure the organization’s needs are met, and its goals are supported.
The Importance of Vendor Management in SOC 2 Compliance
For many businesses, especially tech startups, achieving SOC 2 compliance can feel like a daunting task. SOC 2 reports,