Managing an Outsourcing Vendor’s Financial Instability
One of the principle concerns of any vendor manager is monitoring your outsourcing vendor’s financial instability. Witness the recent failure of Axium, Hollywood’s payroll vendor and owner of Ensemble Chimes Global, previously one of the leading managed services providers of contract labor. When Axium filed Chapter 7 bankruptcy, Hollywood clients and a wide variety of their vendor management system clients (which included Fortune #3... [Read More...]
