A relationship with a third-party service provider can only be successful if the provider is just as committed to the goals of the firm they work with as the firm itself.
Risk can be a source of competitive advantage. By managing risk more effectively you can unleash your full potential, creating and protecting value for all of your stakeholders.
Understanding how vendors are performing against expectations effectively reduces vendor risk as part of your business continuity plan
It simplifies the vendor management lifecycle from onboarding to offboarding
Bridges procurement, vendor management and risk management teams
The risk that a third party will cause disruption to the business operations, managed through contractually bound service level agreements
The risk of exposure or loss resulting from a cyber attack, data breach or other data security incident.
The risk that a third party will impact your organization's compliance with local legislation, regulation or contractual agreements.
The risk arising from negative public opinion caused by a third party. The most damaging events are third party data breaches resulting from poor security controls.
The risk that a third party service provider will have a detrimental impact on the financial success of your organization
The risk that your organization will fail to meet its business objectives because of a third-party vendor
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Probes have recorded unusual levels of geological activity in all five planetary systems.
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