Lloyds Banking Group is committed to supply chain excellence. Over time our industry leading supplier assurance activity had expanded in scope and become more sophisticated. However, there was little to no supporting technology and it continued to be reliant on end user computing solutions such as Excel and SharePoint. We recognised the need to continue investing in supplier assurance and embarked on a technology and automation journey.
Leveraging Vendor Risk Management has solved a real problem for Lloyds Banking Group helping to simplify and automate complex processes, remove offline chasing and manual data collation, and increase assessment velocity.