More than 80% of legal and compliance leaders tell us that third-party risks were identified after initial onboarding and vendor due diligence, suggesting traditional vendor due diligence methods in risk management policy fail to capture new and evolving risks.
To identify and monitor third-party risks, corporate legal departments are moving to a TPRM approach that accounts for new ways in which organizations are relying on vendors.
Download our Third-Party Risk Management Framework to:
- Streamline upfront third-party due diligence to focus on critical risks
- Create relationship controls to compel compliance
- Establish business-driven methods for ongoing risk management analysis