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This ensures that the organization is getting the best value for money, without compromising on quality or strategic alignment Informed decision-making : Outsourcing contracts often involve complex and multi-faceted arrangements.
Another tool that should be utilized is information from a security rating organization. A vendor that does not have access to company critical data or information and has little or no impact on the company's strategic goals and continued successful operations. . The third part has good assessment tools.
As a result, companies often find themselves grappling with a labor-intensive manual review process that requires significant time to identify key risk elements in contracts. In addition, the inability to compare third-partycontract clauses to standard enterprise clause language and position increases risk exposure.
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