Strategies for Effective Third Party Risk Management

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?Digital transformation has given organizations a wealth of benefits, but it also comes with the cost of increased exposure to third-party risk.The processes used to manage these new suppliers and third parties often remain manual and labor intensive. Organizations that find themselves in this halfway state of digital transformation increase their exposure to third-party risk, fines from regulators, and damage to their brand reputation.

Learning Objectives:

• Understand how digital transformation changes the nature of 3rd party risk
• Identify lessons learned from high profile organizations that failed to mitigate risk
• Identify specific challenges practitioners face complying with a variety of regulations
• Define best practices to increase efficiency while mitigating the risks associated with 3rd party relationships

Speakers:

• Renee Murphy, Senior Analyst, Forrester
• Jake Adger, Senior Director of Product Marketing, Coupa

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