10 Best Practices for Streamlining Your Third-Party Risk Management Workflows

Time is a valuable resource, especially when trying to manage a third-party risk program at scale. Hundreds of third parties to manage, hundreds of assessments to send, thousands of risks to analyze – how do you keep up?

Having streamlined workflows throughout the third-party risk management (TPRM) lifecycle, from onboarding to offboarding can create a sense of order and accountability. However, building these streamlined workflows isn’t that simple. We’ve helped thousands of companies implement workflows for almost every situation. The benefits – time savings and less human error – are immense when rolled out effectively. So, what lessons has our team learned in the process?

Watch this webinar to hear TPRM workflow creation and maintenance best practices, relating to:

• Workflow development and accounting for abnormal situations
• Defining stakeholder roles and ensuring accountability
• Methods for improving collaboration and communication
• Metrics to track to identify workflow bottlenecks

Become a master of TPRM. Register for the Third-Party Risk Management Academy here!