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Learn from the Experts: Avoid These 5 Third-Party Risk Management Mistakes

Learn from the Experts: Avoid These 5 Third-Party Risk Management Mistakes

The old saying goes that you have to break a few eggs to make the perfect omelet. Building a third-party risk management program isn’t much different – you have to make a few mistakes along the way to get it right, and every mistake is an opportunity to learn.

This open, panel-style webinar – featuring third-party risk practitioners from Lowe’s, Pfizer, Cincinnati Insurance and Blue Cross/Blue Shield of Kansas City – discusses the 5 most important lessons these experts learned when building their third-party risk management programs, including:

  • Ensuring that the Procurement team is on your side to improve organizational alignment
  • Integrating the islands of information typically found in documents, email, and spreadsheets
  • Using continuous monitoring to validate assessment results
  • Integrating TPRM with multiple enterprise tools to knock down silos
  • Reporting on the most important KPIs and KRIs without boiling the ocean

These valuable lessons will benefit any third-party risk management program – whether you’re just getting started or looking to optimize existing processes.

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