Third-party risk management (TPRM) is a top business concern—not only as a regulatory requirement but as an operational necessity for organizations working to keep pace with unprecedented change related to digital transformation, the continued evolution of remote work, and interdependencies within supply chains.
McKinsey’s 2020 Global Survey of executives found that organizations are accelerating the digitization of their internal, vendor, and customer-facing operations more rapidly than before the pandemic.
Most teams do not have the time, talent, or budget to build effective, scalable technology solutions in-house. Those who are successfully pivoting with the pace of change are moving beyond fragmented, manual processes and investing in security ratings platforms to automate and streamline their TPRM programs.
This ebook highlights three principles that are key to implementing a world-class TPRM program. Taken together, these practices will move your organization toward a full 360° view of organizational risk—both internally and across your ecosystem.