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 automation throughout the lifecycle that can help your organization streamline workflows and scale your TPRM programs - ultimately saving time, resources, and reducing risk.
Download our eBook and review the ten stages of the VRM lifecycle and common challenges organizations face at each stage along with tips and tricks to get beyond these challenges.
The ProcessUnity Team
33 Bradford Street Concord, MA 01742 USA