Identify ways to better manage risk, reduce costs, and improve service
Our legal vendor governance specialists assess your firm’s current state, outline your strengths and opportunities, provide industry benchmark perspectives, and deliver recommendations to develop plans to establish best-in-class vendor governance.
Operational assessments can be:
- simple benchmarking exercises with analysis of A/P data or
- comprehensive exercises of stakeholder surveys, working sessions, and data analysis (e.g., contract renewal reports, AP data, PO data, P-Card, contracts).
Our vendor governance experts scour existing policies, processes, tools, and templates for opportunities to incorporate best practices.
You will benefit from a detailed insight-supported vision of their function’s future state, including staffing models, communications plans, transition roadmaps, and recommendations on technology, process, and risk profile improvements.
This transformed approach to vendor governance is paired with practical steps to improve risk profiles, realize cost savings, and improve service within this critical function.
