New perspectives on Third Party Risk Management
Navigating through the COVID-19 Crisis
Companies are currently hit by the Coronavirus (COVID-19) crisis and need to respond promptly to ensure business continuity, especially when relying on third parties. If companies are slow to react, there will be an adverse impact on their operations and overall business performance, which can eventually result in adverse media. This article will help you to manage the new challenges and risks in an efficient and effective way. Based on market insights, our focus will be on the following key challenges:
- Which risks require increased attention given the current situation of the COVID-19 crisis?
- How do you identify critical third parties which are impacted by the COVID-19 crisis?
- What needs to be done to properly assess critical third parties and to initiate mitigating measures?
- How can you secure your employees and ensure that the increased level of workload in the TPRM area can be performed?
- Which key role does a TPRM technology solution play in the COVID-19 crisis?
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