Governance and TPRM can no longer fully manage third-party risks; especially in a world fraught with cybersecurity risk. It is time for CIOs and CISOs to step up!
The digital convergence journey is leading organizations to enhanced data processing, storage, retrieval, and value. At the same time, the regulatory sector is catching up and will likely begin using the same technology breakthroughs that we are implementing to test our compliance capabilities and diligence, and enhance our businesses. The General Data Protection Regulation (GDPR), […]
Globalization has enabled, and in many cases demanded enterprises, both large and small, to generate value through a globally distributed third party network. Manufacturing in China, IT from India, outsourcing to the Philippines, and near-shoring with Mexico are results of a willingness to source globally and extract value and realize the benefits and unique advantages […]
In an earlier blog, we spoke about how global sourcing magnifies risk. Essential to building a comprehensive Third Party Oversight program is a clear understanding of the importance of third party risk. Auditors are challenging businesses on how they identify and manage the risks of third parties that have significant impact on reputation, compliance, and […]
While companies across the business spectrum are embracing a host of digital technologies for all aspects of operation transformation, senior executives are rallying around the need to pick up the pace of transformation. These challenges are not new and neither are some of the solutions as the industry has encountered and resolved similar problems in […]
Digital transformation is inevitable. Enterprises across the industry spectrum are thinking digital. The successful enterprise will not rush headlong into digital, rather, it will adopt an organized and systematic approach to transformation. A digital enterprise will enable the extended value chain – from suppliers to employees to customers – to seamlessly collaborate, react, and interact. […]