In your journey toward modern vendor risk assessments, you’ll notice how the four foundational pillars of Third-Party Risk Management manifest in each of the ten steps outlined in this report.
Integrating automation, data, an assessment exchange, and artificial intelligence into your program will systematically address the holes in your Third-Party Risk Management program and significantly narrow your third-party risk vulnerability gap over time. With a mature TPRM approach, you significantly enhance your team’s performance, enabling them to accelerate their processes without compromising quality.