Citisoft Blog Managing Vendor Risk in an Environment of Rising Costs: Key Insights for Asset Owners

Rising costs present a persistent challenge for solution vendors. Increasing technology infrastructure expenses, higher cloud service fees, scaling requirements, and economic pressures can all have wide-ranging effects on businesses, particularly when managing vendor relationships. Though the impact is more pronounced at times, there is almost always some cost pressure and as such, it’s important to be prepared to mitigate the impact on your business.