Every business that relies on vendors faces an unavoidable truth: third-party risks can quietly disrupt operations, damage your reputation, or even trigger compliance issues. Without a clear Vendor Risk Management strategy, companies leave critical vulnerabilities unchecked.<\/p>\n
A 2021 report by Gartner <\/a>revealed that 60% of organizations work with over 1,000 external vendors, each one a potential risk point. Rather than relying on manual oversight, forward-thinking companies are using automated tools like HashMicro\u2019s Procurement Software<\/a> to streamline vendor screening, monitor compliance, and respond quickly to red flags.<\/p>\n With better visibility, automated approvals, and real-time tracking, HashMicro helps you stay in control of your vendor ecosystem. You can even try a <\/span>free demo<\/a> to see how it works in your own business. If you’re looking to minimize risk and maximize control, this guide will show you exactly how to build a secure, well-managed supply chain.<\/span><\/p>\n