Businesses face the threat of data loss from a host of factors, including system outages, data breaches, natural calamities, and ransomware. It can be severely debilitating, resulting in unwanted downtime that leads to financial losses and damage to business reputation.

Any business that procures components or resources from third-party vendors as part of their operating process must also deal with the complexity of managing relationships and agreements with these vendors. When procurement from vendors is a large enough part of your business or occurs at high enough frequency, the number of vendors, terms, and agreements […]