“ In simple words , digital procurement can be defined as an act of incorporating business tasks with the latest technological advances ,” he adds . “ Automation , for example , helps save a substantial amount of money for a company .”
With the comprehensive revamping of Exness ’ s procurement function , the company has also enhanced its vendor risk management . “ The rebuilding of the procurement function and ongoing digital transformation has allowed us to implement vendor risk management that helped us mitigate our risks in many fields ,” Zhantilessov explains .
“ Vendor management in an organisation increases visibility , which helps identify hidden costs . Strong vendor relationships also enable buyers to negotiate better rates through discounts and incentives that increase profit margins .
“ A vendor risk management program reduces the frequency and severity of data breaches , data leaks and cyber attacks involving third and fourth parties , protecting sensitive data and intellectual property , and ensuring business continuity .”
The Exness Mentor Programme : Driving collaboration The Exness Mentorship Programme is an internal programme through which employees who meet a certain set of criteria , are given the unique opportunity
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