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Question Title

* 1. Does your organization consistently use a defined process for evaluating spend to identify sourcing opportunities?

Yes

Question Title

* 2. Does your organization have, and enforce, clear, written vendor management policies endorsed by executive leadership?

Yes

Question Title

* 3. Does your organization require that a nondisclosure agreement is executed prior to beginning specific discussions with a vendor?

Yes

Question Title

* 4. Does your organization have a uniform process for developing and executing negotiation strategies that everyone follows?

Yes

Question Title

* 5. Does your organization conduct RFP’s at every opportunity?

Yes

Question Title

* 6. Does your organization maintain and use your own standard contract templates?

Yes

Question Title

* 7. Does your organization store all executed contracts in a central repository and use key contract data to manage those contracts, proactively?

Yes

Question Title

* 8. Does your organization have a clear and consistent approach for establishing, measuring, and monitoring SLA’s and KPI’s related to vendor performance, with remediation?

Yes

Question Title

* 9. Do you require that each of your SaaS vendors provide you annual SOC2 Type II attestations and quarterly pen test reports, and remediate any deficiencies identified therein?

Yes

Question Title

* 10. Do you engage objective third parties to assess and be a part of your procurement process?

Yes

BEGIN HERE

Question Title

* 1. Does your organization consistently use a defined process for evaluating spend to identify sourcing opportunities?

Question Title

* 2. Does your organization have, and enforce, clear, written vendor management policies endorsed by executive leadership?

Question Title

* 3. Does your organization require that a nondisclosure agreement is executed prior to beginning specific discussions with a vendor?

Question Title

* 4. Does your organization have a uniform process for developing and executing negotiation strategies that everyone follows?

Question Title

* 5. Does your organization conduct RFP’s at every opportunity?﻿

Question Title

* 6. Does your organization maintain and use your own standard contract templates?

Question Title

* 7. Does your organization store all executed contracts in a central repository and use key contract data to manage those contracts, proactively?

Question Title

* 8. Does your organization have a clear and consistent approach for establishing, measuring, and monitoring SLA’s and KPI’s related to vendor performance, with remediation?

Question Title

* 9. Do you require that each of your SaaS vendors provide you annual SOC2 Type II attestations and quarterly pen test reports, and remediate any deficiencies identified therein?

Question Title

* 10. Do you engage objective third parties to assess and be a part of your procurement process?

* 5. Does your organization conduct RFP’s at every opportunity?