Vendor Management Programs
Take control of your organization’s vendor management practices with our Vendor Management Programs Webinar, a concise and informative 2 CPE-credit course. Designed for finance, banking, and compliance professionals, this session equips you with the tools and strategies needed to streamline vendor relationships, reduce risk, and enhance operational efficiency.
Why Attend?
1. Master Vendor Management Strategies - Learn how to design and optimize your vendor management framework to maintain control and accountability throughout the vendor lifecycle.
2. Minimize Risk in Vendor Relationships - Gain the skills to identify, assess, and mitigate risks tied to third-party relationships, ensuring a secure and compliant supply chain.
3. Boost Operational Efficiency - Discover effective methods for vendor audits, risk assessments, and policy enforcement to drive efficiency and accountability.
4. Earn 2 NASBA-Approved CPE Credits - Advance your professional credentials by demonstrating expertise in vendor and risk management.
What You’ll Learn
This comprehensive course covers every stage of vendor management while providing actionable steps for strengthening internal controls and mitigating third-party risks.
Key Topics Include:
1. Understanding the Vendor Lifecycle
- Map out and manage vendors from initiation to termination.
- Define what constitutes a “vendor” and establish robust vendor lists.
2. Vendor Policies and Controls
- Create and maintain an effective vendor management policy tailored to your organization’s needs.
- Learn how to conduct due diligence and implement internal controls to monitor vendor performance.
3. Risk Assessment and Vendor Audits
- Analyze vendor risks with scoring systems and assessments.
- Understand how to perform thorough vendor audits to ensure compliance and minimize vulnerabilities.
4. Procurement and Vendor Evaluation
- Explore best practices for managing the RFI, RFQ, and RFP processes.
- Optimize vendor selection through careful planning and evaluation.
Benefits of Attending
Attendees will walk away with:
- Enhanced Oversight Capabilities: Gain deeper insights into vendor operations, enabling stronger oversight and decision-making.
- Practical Tools: Apply tested methodologies to track vendor performance and reduce risks associated with third-party vendors.
- Regulatory Compliance Knowledge: Understand frameworks like SOC 1, SOC 2, and SSAE 18 to meet industry standards.
- Professional Growth: Strengthen your resume by earning 2 CPE credits as a testament to your expertise.
Event Details
- Schedule: Available every eight weeks on Fridays, 10 a.m.–12 p.m. CST.
- Delivery Format: Group internet-based webinar.
- CPE Credits: 2 NASBA-approved credits in Auditing.
- Cost: $140.
- Private Events: Tailored courses are available for teams of two or more.
Who Should Attend?
This course is ideal for any professional responsible for managing vendor relationships or internal controls, including:
- Finance Professionals: Optimize your organization’s procurement and vendor management processes.
- Compliance Officers: Strengthen adherence to regulations with effective risk management strategies.
- Banking Executives: Ensure third-party relationships meet organizational and regulatory standards.
Why Vendor Management Matters
Vendor management is critical in today’s interconnected business environment. Effective oversight ensures:
- Continuity: Minimizing disruptions caused by vendor mismanagement.
- Security: Protecting sensitive information through robust cybersecurity practices.
- Accountability: Holding vendors responsible for compliance, performance, and overall quality.
Register Today
Take the lead in managing your organization’s vendor relationships with this engaging and practical 2-CPE credit training program. Gain the expertise to mitigate risks, enhance internal controls, and drive operational success.
Register now to secure your spot and build a stronger, more resilient vendor management program!
Details on Event Presentation
Offered every eight weeks on Fridays at 10:00 a.m. to 12:00 noon Central Time in two CPE-Credit event.
We can schedule private events on your timetable for two or more attendees.
CPE Event Highlights
This seminar reviews and answers the following questions:
- What constitutes a “vendor” and how can we generate a comprehensive list of vendors?
- How can organizations solicit vendors?
- What processes and controls should organizations conduct throughout the Vendor Lifecycle?
- How can organizations assess vendor risk and conduct vendor audits?
Learning Objectives
Attendees will:
- Learn the phases of the vendor management lifecycle process
- Recognize how to define “vendors”
- Understand the placement of responsibility for vendor management
- Learn the three common bidding processes
- Discover methods to list your vendors
- Identify components of a Vendor Management Policy
- Learn how to conduct a Vendor Risk Assessment
- Recognize the methods for performing Vendor audits
Key Issues on the Agenda
- Understanding You Vendor Lifecycle
- Defining Your Vendors
- Assignment of the Vendor Management Responsibility
- Listing Your Vendors
- Vendor Management Policy Creation and Maintenance
- The RFI, RFQ, and RFP Processes
- Vendor “Due Diligence” Vetting
- Vendor Risk Scoring and Assessment
- Risk-Based Continuous Auditing and Monitoring
NASBA Program Disclosures
Program Level of Understanding: Basic
Prerequisites: None
Advance Preparation: None
Delivery Format: Group Internet Based
NASBA Field(s) of Study: AuditingCPE Credits: 2, based on 50 minutes of instruction per hour
Summary of the Subject Matter
Corporate Compliance Seminars (CCS) has recently completed an analysis of the 2020 PCAOB inspection reports covering the "Big 12" audit firms released in 2021.
The "Vendor Management Programs" CPE training event offered by CCS is a comprehensive course aimed at providing attendees with a deep understanding of vendor relationship management and Third-Party risk.
The event covers Procurement to Payment (PtoP) processes, internal controls, and industry standards. SOC 1 and SOC 2 audit reports are also discussed and the criteria provided by the AICPA’s SSAE 18 are covered. This program will enable attendees to develop the skills necessary to effectively manage vendor relationships and ensure regulatory compliance. This will be achieved through effective vendor selection, due diligence, contract negotiation, and ongoing monitoring.
Delivered by experienced industry experts, this training program is available online and is eligible for Continuing Professional Education (CPE) credits. Whether you are a professional in the finance, banking, or compliance industries, this event is designed to provide you with the knowledge and skills to stay ahead in the field of vendor management programs.