Webinar - How to Quarantine Your Third Party Risk

Published: 13 Apr 2020 Average Rating: unrated Print

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:

  • Manage one system instead of several to allow IT to focus on other activities
  • Have a unified single business process across divisions and business functions for managing supplier and contracts 
  • Improve compliance and visibility while reducing management time on this issue by sharing data in one tool
  • Promote efficiency and effectiveness by increasing productivity for both internal stakeholders and 3rd parties

Our Experts:

  • Paul Branch, Chief Operating Officer and Chief Technology Officer, IACCM
  • Constantine Limberakis, Sr. Director Product Marketing/Analyst Relations, Corcentric
  • Matt Markham, Global Sales Engineering and Client Solutions, Corcentric

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