Driven by increased focus from regulatory bodies, volatile consumer demands and managing cost, organizations around the world have growing interest in outsourcing various processes, services, and materials. As the web of third parties increases, and grows across geographies, organizations often find it difficult to not only manage large volume of third parties, but also the associated risk exposure. Recent third party-related incidents like data breaches, counterfeits, non-compliance to FCPA, Anti-bribery, bankruptcy, and many others have caused large financial losses, reputational damage and significant fines to the organizations associated with them.

Often, third parties give indications of trouble, but organizations are unable to identify and gain control over third party risks due to unstructured risk monitoring processes, fragmented information and lack of resources to keep track of third parties.

As the impact of unknown third party risks can be massive, organizations need to adopt definitive strategies and technology to quickly identify third party risk trends and address them with appropriate tactics for risk mitigation.

In this webinar, experts will provide insights on how third-parties and the associated risks can be mitigated with an effective TPRM program and how third party risk information can be tied to enterprise risk and the overall business objectives.

The webinar will help you:

• Recognize the extent of third-party network and risk exposure
• Develop a TPRM program in line with the complexity and nature of third-party relationships
• Understand the relevance of validating third parties with external data sources 
• Tie third-party risk management into enterprise risk 
• Leverage technology to enable effective and comprehensive TPRM program

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