Companies often find themselves struggling to maintain a vigilant third-party risk management program because of the difficulties in obtaining timely and insightful information and the complexity of consistently translating that information into risk decisions aligned with corporate risk appetite. But with a simplified approach—one that includes narrowing focus, enabling lifecycle management, and leveraging technology and analytics—third-party risk management can be an integrated function of your business, and not just a cost of compliance.
In this Business Insight, Booz Allen looks at the important issues about third-party risk management.
- Third-party risk management programs are (still) deficient
- Get the complete story—not just their story
- Address risk throughout the lifecycle
- Avoid third-party risk management pitfalls
- Use technology to your advantage
