White Paper: 360° Risk Intelligence in the Extended Enterprise
Written by Supply Wisdom Team
With businesses increasingly relying on a complex network of third-party relationships to thrive, the governance, risk management, and compliance (GRC) of third-party relationships become even more critical.
A manual and point-in-time approach to third-party risk intelligence compounds the problem and can lead to elevated risk exposure. It is time for organizations to step back and move from legacy practices, defined by manual processes and periodic assessments, to a third-party risk intelligence architecture that includes integrated full-spectrum real-time feeds of situational awareness that impacts the extended enterprise and operations.
In this Strategy Perspective, GRC2020 discusses how enterprises can achieve agility and resiliency in third-party performance.