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Vendormate CEO Monin to Host Atlanta Electronic Commerce Forum Luncheon: Who are your vendors? You need to know more
March 24, 2006 - The Atlanta Electronic Commerce Forum has invited Vendormate CEO Andy Monin to present to its members at its April 11 luncheon event. A veteran of the technology industry in Atlanta, Mr. Monin will discuss the emerging market of business credentialing and how companies can minimize their risk and increase their productivity through the use of these new technologies.
Event Description
Large companies are serviced by thousands of suppliers. Whether novel or commodity-oriented, product or service-oriented, the sheer volume of vendors approaching companies today creates unique challenges for the buyers and category managers responsible for these anchors of the supply chain.
The benefits of negotiating a "great product at a great price" can be greatly eclipsed by the ramifications of doing business with a company on the OFAC terrorist watch list or which doesn't maintain adequate insurance levels. However, few buying groups have adjusted their priorities to account for this, so ongoing monitoring of their vendor-bases is often forgotten.
Most vendor due-diligence today focuses on product reviews and matching technical requirements. These processes have traditionally excluded much research on the vendor company itself. Aside from ordering a Dun & Bradstreet snapshot report of a vendor upon awarding a contract, buying organizations often do little else to verify the legitimacy of the vendor's business, evaluate and monitor its financial health, or assess risks of doing business with it.
This presentation will illustrate recent business-credentialing technologies and solutions that companies can utilize to help avoid such problems with their vendors. A case-study will be presented to show how one company inexpensively implemented one of these new packages to help evaluate financial health of potential and existing vendors, and to help identify fraudulent or irresponsible behavior that could reflect poorly upon their company.
Speaker Biography
As Chairman, President, and CEO of Vendormate, Mr. Monin is responsible for the overall strategic direction and vision of the organization. Prior to founding Vendormate, Mr. Monin co-founded BroadSource, a telecommunications expense management software and solutions company that raised nearly $8M in private placement and venture capital funding through 2004. Mr. Monin served as Chairman of the Board and successfully led the company's sales efforts as the company became a member of the Advanced Technology Development Center (ATDC) incubator. In January of 2005, the Technology Association of Georgia named BroadSource one of Georgia's Top 40 Most Innovative Companies. Prior to BroadSource Mr. Monin held various sales and marketing positions for global telecommunications companies Cable and Wireless and MCI. Mr. Monin received a BA in Political Science from Clemson University.
About the AECF
The Atlanta Electronic Commerce Forum's mission is to provide a forum for Fortune 1000 companies and other organizations to discuss best practices for electronically conducting business with their customers, suppliers and distributors. Through our monthly activities, members and guests share experiences with processes and technologies used for e-business, and discuss how to increase e-business efficiencies. Attended by clients, providers, vendors, teachers, and students, AECF events seek to be the authoritative resource for professional education about electronic commerce technologies and to serve as an interface between the related business and academic communities.
About Vendormate, Inc.
Atlanta-based Vendormate provides technology and compliance-monitoring services to assist companies as they manage their vendor relationships. Through its patent-pending Vision process, Vendormate provides a streamlined private-labeled solution for customers to manage the composition and risk of their supplier-base with very little impact to their budget. Vision's standardized system of vendor registration, screening, rating, and cataloging is uniquely suited to satisfy both internal qualification tasks and government mandates including HIPAA and Sarbanes-Oxley.
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