What Are Third-Party Vendors? A Complete Business Overview

Are you wondering what are third-party vendors, and why are they essential to your operations? Third-party vendors are external companies that provide products or services to support your business, such as IT providers, payment processors, consultants, or logistics firms. While they enable efficiency and specialization, they also introduce potential security, compliance, and operational risks. Beaconer helps organizations understand, assess, and manage these risks through expert insights and tools. Knowing who your vendors are and what role they play is crucial to maintaining business continuity and trust. Discover how Beaconer simplifies vendor categorization and improves risk visibility.