Even as companies renew their focus on managing risk, many businesses struggle with insufficient visibility into and inadequate governance of third-party risk, which not only encompasses risks concerning third parties but also concerning their respective subcontractors and affiliates. Recent research from Deloitte Consulting reveals that the most prevalent issues companies encounter with third-party risk management include lack of oversight of third-party risk, piecemeal investment in managing risk, and uncertainty about the overall economic environment.
During this Webcast, we will highlight a maturity model finance executives can use to overcome challenges of managing third-party risk. We will discuss:
What third-party governance and risk management mean for finance leaders,
What key factors drive, and what issues most often undermine, finance leaders' efforts to develop a mature strategy for managing third-party risk,
Why and how companies will need to establish an integrated approach to investing in risk management, and
What skills and resources finance leaders require to enable their companies to continually improve visibility into and control over risk management.