Manage Third-Party Risks Across the Extended Enterprise
Third-party vendors offer competitive advantage to companies seeking to extend their business and brand. Along with the benefits, however, come added risks and increased complexity of risk management.
Understanding the financial viability of third parties, be they traditional vendors, business partners, inter-affiliates, or even fourth parties, can help you meet regulatory requirements, maintain operational stability, and increase corporate profitability. Vendor risk professionals rely on us to:
- Avoid business disruption and support business continuity initiatives
- Develop risk management strategies across multiple business functions
- Meet compliance requirements and avoid costly fines and penalties