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:
You will learn:
- How to align third-party risk management and contracting/procurement teams
- Insights on types of risk that can be managed through contracting
- Best practices to limit risk exposure through contracting
- Ways to monitor your third parties and their contractual obligations