Discover top insights and trends for third-party risk management (TPRM).
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Third-Party Risk Management Governance and Technology Investments
Third Party Risk Management - an Ongoing Challenge
TPRM is one of the most pressing challenges for compliance leaders. Organizations are increasingly dependent on third parties to do business, provide goods and services, and improve operational efficiency. However, only 16% of organizations say they effectively manage third-party risks.
Download Gartner TPRM Insight Report to:
- Understand the top trends in third-party risk assessment
- Obtain insight on enhancing third-party risk governance to drive program effectiveness
- Learn about new regulations that could impact TPRM, specifically around ESG requirements
About Gartner's Third Party Risk Management Insight Report
Compliance teams are struggling to effectively mitigate third party risk management in an increasingly interconnected business environment. In a Gartner survey of 100 executive risk committee members in September 2022, 84% of respondents said that third party risk “misses” resulted in operations disruptions. As these external partnerships become increasingly complex, the need for a new vendor risk management approach is clear. Current monitoring approaches cannot account for inevitable changes in business today.
This Gartner research provides data-linked opportunities and challenges around third party risk management, what you need to know, and insights to consider implementing at your organization for better TPRM and improved accountability.
Drive stronger performance on your mission-critical priorities.