Business today is a complex web of third-party relationships. Gone are the days when an organization was defined by brick-and-mortar walls and traditional employees. Today’s organization is a nested array of third parties – suppliers, vendors, outsourcers, contractors, consultants, temporary workers, service providers, brokers, agents, intermediaries, partners, and more.
Following a siloed approach with assessments of a few risks provides a limited and quickly stale view of third-party risk, leaving organizations vulnerable to supply chain disruptions. Alternatively, integration of continuous, full-spectrum risk intelligence into existing third-party risk/GRC architecture delivers the continuous 360° situational awareness enterprise-wide resilience requires today.
In this episode of CRO Wisdom, risk leaders Atul Vashistha, CEO, Supply Wisdom, and Debra Zoppy-Hendershott, Head of TPRM & Op Risk Business Resiliency, Guardian Life and Mike Rasmussen, GRC Pundit & Analyst, GRC 20/20 Research discuss:
- Achieving 360° third-party situational awareness across the enterprise
- Increasing efficiency and effectiveness from procurement to risk management for improved operational resilience
- Maximizing the value of your TPR/GRC platform investment