Third Party Vendor Management Services

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    Third Party Vendor Management Services by Ace Cloud Hosting

    Third party vendors are critical for the successful execution of any organization’s supply chain. But they add an extra layer of risk to your security posture. You are responsible for ensuring that the vendors you engage in business with uphold your industry’s relevant legal and regulatory standards.

    If your business needs to comply with HIPAA regulations, your cloud hosting or storage providers must also comply with the same standards. If not, your business will be held liable for non-compliance.

    Ace Cloud Hosting eases the path for you. Our experts dive into your vendor’s documentation to verify claims and ensure the required standards are met. They perform due diligence so that you can make an informed decision regarding the vendors you do business with.

    Third Party Vendor Management

    How Third Party Vendor Management by Ace Cloud Hosting Benefits Your Business

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    Implement Consistency Across the Board

    The Ace Cloud Hosting vendor management service helps you standardize supply chain processes across the organization and implement consistent practices.

    Promote-Effective-Decision-Making

    Promote Effective Decision Making

    Knowing all the nitty-gritty details of current and potential vendors helps you make effective, well-informed decisions backed by due diligence.

    Avoid-Value-Leakages

    Avoid Value Leakages

    Ace Cloud Hosting vendor management services ensure perfect value alignment between your organizational objectives and the service provider.

    Drive-Critical-Initiatives

    Drive Critical Initiatives

    Execute highly effective and productivity-boosting initiatives such as PO compliance, data enrichment, and on-the-date payment.

    Boost-Productive-Relations

    Boost Productive Relations

    Ace Cloud Hosting team’s expert vendor management support allows you to develop a productive, compliant, and transparent business relationship with vendors and providers.

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    Protect Organizational Reputation

    Eliminate the danger of partnering with non-compliant vendors. Gain industry-wide reputation for adhering to risk-averse vendor management strategy with Ace Cloud Hosting.

    What You Get With Third Party Vendor Management Services by Ace Cloud Hosting

    Risk-Mitigation

    Risk Mitigation & Compliance

    The Ace Cloud Hosting team helps your organization better understand and mitigate third-party vulnerabilities and supplier risks.

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    Insightful Reporting

    Get valuable insights and actionable intelligence on vendor processes via supplier performance scorecards and periodic reports. 

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    Vendor Due Diligence

    Ace Cloud Hosting vendor management experts conduct thorough due diligence of your vendor’s compliance practices, cybersecurity risks, and operational risks. 

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    Automated Vendor Processes

    Optimize and automate vendor management processes by leveraging the power Ace Cloud Hosting technology solutions. 

    Ensure & Mitigate Third Party Risk Exposure with Ace Cloud Hosting Experts

    Why Choose Ace Cloud Hosting for Managed Security?

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    24x7 Expert Support

    Our security experts are available round the clock to continuously monitor your logs for threats, providing immediate action to stop potential breaches before they can harm your system.

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    Global Threat Intelligence

    Access world-class knowledge with experienced security engineers, analysts, & threat responders. Our team brings a wealth of experience delivering insights that keep you ahead of emerging threats.

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    One Platform-Multiple Services

    Our security solution helps you monitor all suspicious actions, immediately blocks the threat, and suggests a remedial solution. We manage everything from security planning to implementation and support.

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    Reduce Cost

    Reduce the costs of security tools and an in-house security team with Ace Cloud Hosting's managed security services. You pay only for what you use, thus giving you the flexibility to scale up or down anytime.

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    360-degree Visibility

    Get a complete, accurate view of your current security posture. Mitigate the risk of downtime and data theft by getting threat intelligence and the latest information from our Security Operations Center.

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    Disaster Recovery

    We make sure that your data is protected even in the case of a natural or man-made disaster. With our Disaster Recovery plan, all data is backed up on redundant servers situated in multiple geographical locations so it can be recovered easily.

    Monotelo Advisors Boosted Security and Efficiency with Ace Cloud's Managed Cybersecurity Services

    Success Story

    Monotelo Advisors Achieves 40% Faster Threat Detection and Blocks 445 Ransomware Attacks with Ace Cloud Hosting

    Monotelo Advisors, a top tax planning firm in Illinois, partnered with Ace Cloud Hosting to secure its IT infrastructure and streamline access to QuickBooks, Drake, and ProSeries. With managed cybersecurity services including SIEM, EDR, DNS filtering, email security, and 24/7 expert support, the firm blocked 445 ransomware attacks, cut threat detection time by 40%, and prevented 19% of email threats. The result: stronger protection, reduced IT overhead, and clear ROI through faster response, lower risk, and better collaboration.

    Let the Numbers Speak - See Our Impact in Action!

    15+
    Years of Exp.
    20K+
    Users
    10+
    Data Centers
    100+
    Awards
    600+
    Domain Experts

    Expand Your Horizons with Ace Cloud Hosting Resources

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    Easy to use, familiar interface for users and the support that comes with it. Reason for choosing Ace: Technology, price, security and responsiveness of the sales team...
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    FAQs for Accelerating Business Growth

    What is third-party vendor management?

    Third-party vendor management is the process of managing the relationships with external vendors that provide goods or services to a company. This includes conducting due diligence to assess the vendor's security practices and reviewing security documentation to ensure compliance with company policies.

    Due diligence is important in third-party vendor management to ensure that vendors are trustworthy and have adequate security measures in place to protect the company's assets and data. Conducting due diligence can help identify potential risks before they become actual threats.

    Third-party vendor security documentation should include policies and procedures for access control, data privacy, incident response, disaster recovery, and business continuity. It should also include evidence of compliance with relevant industry standards and regulations.

    Third-party vendor security documentation should be reviewed on a regular basis, at least annually, to ensure that the vendor continues to meet the company's security requirements. If there are any changes to the vendor's security practices or policies, documentation should be updated and reviewed accordingly.

    The risks of not properly managing third-party vendors include data breaches, loss of intellectual property, damage to the company's reputation, and regulatory fines or legal action. Poorly managed vendors can also lead to operational disruptions and financial losses.

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