Most global companies admit to lacking appropriate oversight of sub-contractors, survey finds

57% of global organisations have admitted to not having appropriate visibility of subcontractors engaged by their third parties, while a further 21% are unsure of oversight practices and just 2% routinely review the risk subcontractors pose to their organisation, a recent survey by consulting firm Deloitte has been able to suggest.

The Deloitte Extended Enterprise Risk Management (EERM) survey of around 1,000 companies found that 10% only monitored sub-contractors they identified as critical to their businesses. The vast majority relied on third parties to carry out this monitoring, had an unstructured approach or did not know their organisation's policies.

The report also showed that despite their lack of oversight of contractor relationships, many companies have a heavy reliance on third parties. Over half of respondents to the survey said they had 'some' or 'significant' increase in dependency on contractors. Changing regulation, including GDPR, and heightened levels of regulatory scrutiny were the two greatest contributory factors to increasing the risk inherent in this.

TENSOR MANAGEMENT OF CONTRACTORS AND VISITORS SOFTWARE (MCVS) — A LEADING VISITOR MANAGEMENT SYSTEM TO IMPROVE THE SECURITY OF YOUR BUSINESS PREMISES

The Management of Contractors and Visitors Software(MCVS) is a network-based application that allows you to advance book visitor appointments and pre-book on site contractors. These bookings can be made either via the PC based application or a user's Internet browser. Directly an appointment is booked, notification emails are sent to both the visitor and their host informing them of the appointment's date, time and location.

Visitor appointments can be pre-booked either directly on the system or through the online Appointment Planner found within Tensor's Self Service Module (SSM). Employees with an account can log into SSM using their Internet browser. Depending upon their security profile, SSM users can view and make appointments for themselves or colleagues. SSM users can also create new visitor and visitor company entries, view their own appointments, view all appointments at their site or view all appointments for their organisation.

The Visitor Monitoring (MCVS) module can be integrated with Tensor's Access Control application. In this way when visitors and contractors arrive they are handed a smart card along with their identification pass. The smart card will grant them access through doors according to the security rules assigned to them on arrival. Furthermore, security settings are available to require authorised cardholders to escort visitors. The authorised escort must scan their card to validate the visitor's card before access is granted.

If you would like to find out more about the Management of Contractors and Visitors Software (MCVS), just contact us or Book a Demo, we'd be more than happy to answer all of your questions and queries.