As businesses face higher regulatory scrutiny around their vendor relationships, a strong third-party risk management program is more important than ever. However, this area remains a struggle for many organizations. Effective due diligence, risk management and measurement, contract review and management, and regulatory oversight can be overwhelming for smaller companies or those without a vendor management program in place. In fact, according to a third-party risk study, 60% of organizations feel underprepared to perform due diligence…