Farmington Hills, MI (PRWEB) July 19, 2010
TruArx®, the leader in cost-effective, easy-to-implement information technology governance, risk and compliance (IT GRC) solutions, today announced that it will host a live webcast on July 21, 2010, entitled “Extending Your Risk and Compliance Program: Vendor Management Best Practices.” The Webcast will feature Michael Rasmussen, Risk & Compliance Lecturer, Writer, & Advisor at Corporate Integrity.
In today's hypercompetitive business climate, many organizations rely on an extensive network of business partners to take advantage of cost savings and solution-expertise. However, as organizations rely on vendors for mission-critical services and goods, they become reliant on their vendors' controls, policies, values, availability, and security. The risks assumed by outsourcing can be significant without a vendor management program. According to the 2009 Verizon Business Data Breach Investigations Report, 32% of breaches originate with a business partner compromise. In addition, regulations such as HIPAA HITECH and FFIEC guidelines actually require active vendor management programs.
What: Webcast: “Extending Your Risk and Compliance Program: Vendor Management Best Practices”
When: July 21, 2010 at 2pm ET/1pm CT
In this 1-hour live webcast, Michael Rasmussen, Risk & Compliance Lecturer, Writer, & Advisor at Corporate Integrity, will share his insights on the importance of vendor management, as well as his recommendations of best practices for defining and executing an effective strategy.
Chris Noell, EVP of Product management of TruArx, will then provide a brief overview of how GRC tools such as TruComply can automate key vendor management activities and enable these best practices.
In this session, you will learn about:
- The importance of vendor management and how it applies to your business
- Best practices for defining and executing an effective vendor management strategy
- How you can quickly and cost-effectively establish a mature vendor management program
Who should attend?
Simply, anyone who is researching, implementing, or managing a vendor management program should attend this webcast.
About Michael Rasmussen
Michael Rasmussen is the authority in understanding Governance, Risk, and Compliance (GRC) processes. With more than 15 years of experience, Michael is noted for being the first analyst to define and model the GRC market for professional services and technology. A leader in understanding risk and compliance standards, frameworks, regulations, and legislation, Michael aims to improve corporate integrity through advancing GRC initiatives. He has served in leading roles in public policy contributions to US Congressional reports and committees, and currently serves on the Leadership Council and Steering Committee of the Open Compliance and Ethics Group. During his career, Michael has worked in the market analyst, consulting, and enterprise sectors. Prior to founding Corporate Integrity, Michael was a Vice-President and 'top analyst' at Forrester Research, Inc. Before Forrester, he led the risk consulting practice at a professional services firm in the Midwest. Earlier, his career included industry experience in healthcare as well as manufacturing.
TruArx is the leading provider of cost-effective, easy-to-implement IT governance, risk and compliance (IT GRC) solutions that address close to 500 regulations and standards. TruArx software-as-a-service (SaaS) solutions allow clients to quickly implement and continuously review security to improve protection and reduce the cost of compliance and risk. By implementing these services and solutions, clients can optimize business performance and experience a higher return on security program investments. TruArx is headquartered in Farmington Hills, Michigan, with offices in Austin, Texas, Columbus, Ohio, Denver, Colorado, Nashville, Tennessee, and Washington, DC. For more information, visit http://www.truarx.com or call 1-800-658-8709.
TruArx is a trademark of TruArx, Inc. All other names may be trademarks or registered trademarks of their respective owners.