The Importance of Establishing a Solid Third Party Risk Management Framework for Risk Mitigation

In the previous post, we introduced the concept of Third-Party Risk Management (TPRM) and its importance in today’s interconnected world. Now, let us have a look at the practical aspects of building a solid TPRM program and why it is important for your company. 1. Start with a Third-Party Inventory The first step in building … Continue reading The Importance of Establishing a Solid Third Party Risk Management Framework for Risk Mitigation →

Introduction to Third-Party Risk Management

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In today’s world, organizations are increasingly depending on their third-party vendors, suppliers, and partners to support their operations. This way of working, in addition to the digitalization era we’re in, can have great advantages such as being able to offer new services quickly while relying on other’s expertise or cutting costs on already existing processes. … Continue reading Introduction to Third-Party Risk Management →

Automate, automate, automate: Three Ways to Increase the Value from Third Party Risk Management Efforts

Third Party Risk Management (“TPRM”) efforts are often considered labour-intensive, with numerous tedious, manual steps. Often, an equal amount of effort is put into managing the process as is to focusing on risks. In order to avoid this, we’d like to share three ways in which we’ve been boosting our own TPRM efficiency - through … Continue reading Automate, automate, automate: Three Ways to Increase the Value from Third Party Risk Management Efforts →