Victorian Rail Track (VicTrack)
Author: Paul Branch, Constantine Limberakis, Matt Markham
In an increasingly complex and risk-prone world, the ability to manage contract compliance and supplier risk is often too difficult to be effective. As this webinar shows, it's often because many requirements are buried deep in custom documents relying on key employees and inefficient manual processes to monitor. Since Third Party Risk often falls between different "chairs" or department responsibilities, the issue of third-party data management often gets addressed with stand-alone point solutions like SIM, GRC or CLM, unable to connect the dots between suppliers and their contracts.
By unifying 3rd-party risk on a common platform, organizations are able to consolidate supplier information management and contract management information as part of wider source-to-pay processes to improve collaboration.
In this webinar you will learn the benefits and approaches to improving the alignment of 3rd-party risk management through the power of a common platform to create a line of defense for IT, legal, finance and procurement teams.
During the webinar we will share how consolidating third-party data in one source between departments allows organizations to: