Using Automation to Build a Consolidated View of Third-Party Risk
Every organisation relies on a network of third parties to keep their operations running smoothly. Even the smallest organisation can have dozens of relationships that it depends on for goods, services, and technology. Larger businesses may have hundreds or thousands.
Keeping track of a complex network of vendors and third parties can be a challenge for risk and procurement teams. Many suppliers end up being individually managed by the teams that directly use their products and services. But without a central point of oversight and a consistent way of rating and monitoring vendors, organisations leave themselves vulnerable to unforeseen risk.
Contents:
- What an effective third-party risk management programme looks like
- The problems with manual vendor risk management processes
- Tools and techniques to automate the vendor risk process
- How to get a consolidated view of third-party risk across your organisation
- How to get vendor risk on the boardroom agenda
- How to bring vendor risk assessments and questionnaires online
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