Where Contracting Fits in the Third-Party Risk Lifecycle: 5 Opportunities for Automation

Managing the end-to-end third-party lifecycle involves many stakeholders across many business units, such as information security, privacy, legal, finance, procurement, and others. While each business unit has its own needs and priorities, true efficiency comes when these teams work together to streamline workflows, especially as it relates to contracting with third parties – as well as holding them accountable to their obligations.

In this session, we’ll explore the contracting conundrum that so many organizations face when trying to limit risk exposure while automating processes. We’ll also cover how contracting can be seamlessly woven into the third-party lifecycle. By attending this session, you’ll learn:

• How to align third-party risk management and contract lifecycle workflows
• Best practices for holding third parties accountable to contracts
• Simplified ways to report on contracts at scale
• Ways to monitor your third parties and their contracting obligations

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