November 2016 3
Third-party compliance review can be great for your company because you can have an unbiased look at how your business is performing. Although there are many risks (IT security, environmental, regulatory) to working with a third-party compliance review company, there are also plenty of benefits including third party risk management.
Third-party compliance review is an approach to mitigate some of these risks, monitor compliance, mange issues and investigations, and provide unbiased resources to a company in hopes of improving the company’s revenue or success.
Here are a few things that you should keep in mind when dealing with a third-party compliance company.
How Will They Handle Risk Management?
If you have a dime in your pocket and no outstanding debt, you are wealthier than a majority of the country. Most Americans have over $15 thousand in credit card debt alone. When you add the average student loan debt of $40 thousand, and car loans, and mortgages, it is not surprise that 20% of Americans are considered to be in “debt hardship.”
If this is you, we’ve put together a guide help paying off your debt, even if you have a limited income.
Four Steps to Take Charge of Your Debt
- Calculate Your Debt and Make a Payment Plan
Sometimes, we feel so overwhelmed by the bills hanging over our head that we just try to pretend like they aren’t there. When you get out a pen and paper and calculate your debt, it removes the mystery that makes g (more…)
At times, it can be difficult to get the financing that you need, whether you’re looking to finance an investment in real estate or a new business. The fact is that in the current American system, it is either difficult or impossible for the typical American to buy a home or start a business without a certain amount of “start up” money. Typically, what would happen is that people in cases like these would go to the bank and request a loan of some kind. Yet this doesn’t always work — even when you’ve already taken a loan previously, for, say, a house. In fact, this can be a factor working against you. As people take out loans to buy homes or even go to college, this can negatively affect their ability to be approved for a traditional loan down the line. But at the same time, you can’t not go t (more…)
Running a small business is tough. Half of small businesses don’t last more than five years, and many never turn a profit before they fail. Sometimes this is because of poor business practices, but sometimes it’s because of customers failing to pay quickly enough, or at all. If you’re a business owner struggling with accounts [...]
Throughout the world, many companies face the problem of consumer debt. Unfortunately, it looks like this problem is only going to get worse. In fact, statistics show that outstanding consumer is estimated to reach $4 trillion by the end of this year. If you’re wanting to defend your business against this problem, it’s wise to [...]
Keeping a retail business running smoothly is no easy or simple task. From the mundane day to day tasks, such as stocking and organizing shelves to customer service, to the more in depth responsibilities like inventory tracking and financials, there are many loose threads in the fabric of retail that can seem impossible to keep [...]
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