vendor risk (16)

Managing third parties is more than a one-time assessment. 

 

Vendor risk management requires an end-to-end management approach from sourcing to offboarding. An effective program must employ the right systems and controls throughout the vendor risk management (VRM) lifecycle to effectively mitigate risks stemming from your third parties, suppliers, and business partners. 


While this may seem like a daunting task there are areas for

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New Best Practices Guide: 5 Steps to Proactive Third-Party Risk Management

Hi Global Risk Community member,

Optimizing your third-party risk management (TPRM) program requires striking the right balance between people, processes, and technology. While Prevalent can’t necessarily help you with the “people” aspect, our new guide will help you sharpen your team’s TPRM processes and technology.

Download “5 Steps to Pro

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As explored in our previous blog in this series, Integrate C-SCRM Across the Organization was the first of 8 Key Practices for Cyber Supply Chain Risk Management (C-SCRM) programs outlined in the National Institute of Standards and Technology (NIST)’s recent report, “Key Practices in Cyber Supply Chain Risk Management: Observations from Industry.” While, the integration of C-SCRM across the organization is foundational, it won’t lead to real change without NIST’s second Key Practice: Establis

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Hello,

Download our expert guide and explore:

  • The building blocks of third-party risk management programs
  • Workflows for vendor onboarding and ongoing monitoring
  • The importance of inherent risk and how it should be incorporated into programs
  • How to calculate residual risk and use it to to determine ongoing review cadences
  • Ways to integrate external ratings and service offerings into your program
  • Practical steps you can take to advance your third-party risk management program

GET YOUR COPY NOW

 

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New 2020 Gartner Report Evaluates IT Vendor Risk Management Solutions

The 2020 Gartner Magic Quadrant for IT Vendor Risk Management Tools is now available. This report evaluates 23 solutions within the IT Vendor Risk Management (VRM) landscape, based on each vendor’s completeness of vision and ability to execute. This report can be utilized as a resource in the IT VRM software solution decision-making process to better understand the Vendor Risk Management landscape.

2020-it-vendor-risk-management-magic-quadrant-915x915.jpg

See whi

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NAVEX Global
 

NEW: Third-Party Risk Toolkit
What Your Board Needs to Know

In recent weeks, at least one high-profile company has been rocked by a plummeting share price, reputational damage and a possible criminal investigation – all due to the alleged actions of one of its suppliers.

In the current environment, many organisations are rapidly onboa

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Third-Party Risk Management

Vendor Risk Management

ProcessUnity Vendor Risk

Management Demonstration

Vendor Risk Management programs aren't perfect. In our daily discussions with risk and compliance professionals like you, we find there's always an opportunity to streamline a process and make it more effective.

Where does your program need to improve? Onboarding? Due diligence? A

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New Gartner Report Evaluates IT Vendor Risk Management Solutions

The 2019 IT Vendor Risk Management Magic Quadrant report is now available. This report evaluates 16 solutions within the IT Vendor Risk Management (VRM) landscape, based on each vendor’s completeness of vision and ability to execute. This report can be utilized as a resource in the IT VRM software solution decision-making process to better understand the Vendor Risk Management landscape.

gartner_magic_quadrant_it_vendor_risk_management_2019.jpg


See which vendors wer

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NAVEX Global
 

Toolkit: Best Practices for Vendor Risk Profiling

Too often, vendor red flags fall through the cracks and open your organization to unknown risk. Arm yourself with a strong defense by having a vendor risk management program built on best practices and regulatory guidance.

Download the toolkit to learn:

  • Factors to consider when setting up new vendors
  • How to determine when to do additional reviews or when to walk away
  • Appropriate ways to handle potentially “high-risk” third parties 
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                 A Message From Our Partner

NAVEX Global
 

Minimize Your Third-Party Risk
with Vendor Profiling

Managing third-parties can be tricky, and mistakes costly. What factors should be considered when setting up new vendors? How do you determine which vendors need additional review? How should your third-party risk management program be structured?

Join this webinar to learn the best approach to third-party risk management and hear practical use cases from FCPA expert Michael

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A Message From Our Partner

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Dear Global Risk Community member,

Third-party risk has evolved over time as companies continue to leverage outside products and services to gain a competitive edge in their markets. Understanding the finer points of a third-party relationship and what real risks exist has led to an industry of people, process, and technology solutions available to help companies consume, analyze, and make decisions on how they utilize and mitigate third party expo

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Staying a Step Ahead of Third-Party Risk

A Message From Our Partner

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eBook Staying a Step Ahead of Third-Party Risk

Staying a Step Ahead of Third-Party Risk

Mitigating risk isn’t easy, especially in light of government oversight from the Department of Justice, Securities and Exchange Commission, and Internal Revenue Service amongst others. In this day and age, it’s important to ensure your risk and compliance program has exceptional processes and procedures in place to better prepare for the future.

Produced by Compliance Week and sponsored by ProcessUnity, the Staying a St

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http://bit.ly/2Nyzs5X

Vendor risk assessment questionnaires are vital to the success of your Third-Party Risk Management program. They also can be tedious, time-consuming, and painful – for both your team and your vendors. It doesn’t have to be that way. The right mix of best practices and technology can reduce more risk while ultimately making life easier for you and your vendors.

Join ProcessUnity for a 45-minute webcast at 2:00 PM EDT on Thursday, October 18, 2018 (http://bit.ly/2Nyzs5X) , an

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http://bit.ly/2P5J7Cr

Third-party relationships are an essential part of most successful businesses. Managing them can be tricky, and missteps costly. Yet, an alarming amount of organizations don't have a dedicated program to manage that risk.

 

Join this webinar ==> http://bit.ly/2P5J7Cr

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to learn best practices and benchmarks on how to effectively build a program that screens and monitors your third parties and reduces your risk of regulatory action. Industry expert Michael Volkov, former fed

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With FCPA enforcement rising and 75 percent of foreign bribery schemes executed by third parties, outsourcing can create regulatory and reputational risks that should not be ignored.
Make a business case to your senior leadership to get the budget you need and prove the ROI of an efficient, automated third-party risk management system.

This white paper will help you demonstrate how your third-party risk management system should:
• Align to legal & regulatory guidance
• Break down departmental bounda

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