Top
HSP and Baker Tilly to Collaborate on Vendor Risk Management 

NEW YORK, NY, and CHICAGO, IL, August 9, 2016 - Hanover Stone Partners, a risk management services firm with expertise in a broad range of critical risk disciplines, 
and Baker Tilly Virchow Krause, LLP, a nationally recognized, full-service accounting and advisory firm, have agreed to collaborate on vendor risk management services to help businesses and other commercial entities evaluate and manage cyber-risks and other exposures related to their use of contractors, vendors, suppliers and other outsourced providers.
business_shaking_hands.jpg "Today, as part of their effort to understand and manage their enterprise technology and internet exposures, a growing number of businesses and public entities recognize their vendors and suppliers need to be included in all their critical risk assessments," said John J. Kelly, founder and CEO, Hanover Stone Partners. "The specialized expertise of Baker Tilly in vendor risk management along with the diverse experience of our senior risk advisors and other partner firms gives us a dynamic capability to help clients in all sectors assess and manage these challenging risks. We look forward to teaming with Baker Tilly on behalf of our clients, including the growing number of businesses, public entities and organizations that face these serious exposures."
  Baker Tilly Logo
"Even with the most robust internal safeguards and risk management measures against cyber-risks and related technology exposures, businesses may still be vulnerable to information security breakdowns associated with their contractors, vendors, and even IT service providers," said Kevin Sullivan, director of Baker Tilly. "We have developed an intensive process for helping businesses in all sectors evaluate and manage exposures associated with their vendor relationships and are pleased to collaborate with Hanover Stone Partners to bring these timely and critical solutions to our mutual clients."

Hanover Stone Partners has nearly 50 senior risk advisors and 30 partner firms, including Baker Tilly, located throughout the U.S. Together, they offer cost-effective advisory services to help commercial clients address to the wide range of complex enterprise risks they face today.

In working with clients on their vendor risk management, Baker Tilly conducts an extensive analysis of a company's vendor relationships, including a review of the due diligence process used in selecting vendors, contractual arrangements, individual vendor performance and history of security breaches, among several other factors. Vendor relationships are stratified by risk level and dynamic measures are implemented to monitor business activity, evaluate risks, establish standards and manage compliance.

Baker Tilly Insights, June 2016 - "Just outsource it! Aligning the risk management process to your organization's culture and strategy" - Full Article
About Baker Tilly Virchow Krause, LLP     AboutHSP
Baker Tilly Virchow Krause, LLP (Baker Tilly) is a nationally recognized, full-service accounting and advisory firm whose specialized professionals connect with clients and their businesses through refreshing candor and clear industry insight. With approximately 2,700 employees across the United States, Baker Tilly is ranked as one of the 15 largest accounting and advisory firms in the country. Headquartered in Chicago, Baker Tilly is an independent member of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 141 countries, with 28,000 professionals. The combined worldwide revenue of independent member firms is $3.8 billion.
 
About Hanover Stone Partners     AboutHSP
Hanover Stone Partners is the first network of recognized and accomplished risk management advisors and specialized risk management services firms. The firm assembles multi-disciplinary, cross-industry teams that work collaboratively to help clients identify, analyze, manage and finance enterprise risks. This comprehensive approach offers clients the advantage of superior risk management advice and risk management services, delivered more economically. Hanover Stone Partners evaluates existing risk programs, guides enterprise risk management initiatives, implements new strategies, and provides unbundled services that help clients reduce the total cost and volatility of risk, protect earnings, and preserve liquidity for their enterprises. 

Visit Hanover Stone Partners at www.HanoverStonePartners.com or connect with us:     
HSP Circle
View our profile on LinkedIn
Follow us on Twitter
Visit our blog
Contact HSP

Hanover Stone Partners, LLC
John J. Kelly, CPCU
Hanover Stone Partners, LLC
Media Contact: Al Modugno
917-414-4569