VRM is the discipline of managing and optimizing the relationships with external SaaS vendors to ensure maximum value, security compliance, and cost efficiency.
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How does VRM combat "SaaS Sprawl"?
By centralizing all contracts and renewals into a single dashboard (using tools like Tropay or Zylo), allowing Ops to identify redundant tools and negotiate better "Enterprise Agreements" based on total spend.
Knowledge Challenge
Mastered Vendor Relationship Management (VRM)? Now try to guess the related 6-letter word!
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