In this session, we will explore the hallmarks of a mature third-party continuous monitoring program and discuss how continuous monitoring can drive value beyond simple monitoring and alerts. With the advent of governance, risk, and compliance (GRC) platforms and the powerful automation abilities they bring to the market, the potential for proactivity in third-party risk management has never been more significant. Many solutions are now available which provide quantified ratings that can serve as the basis for automated decision-making, strengthen RFx exercises, and help target intelligence appropriately within your business. Attendees will understand the current continuous marketing landscape, some examples of how continuous monitoring can drive automated decision-making, and tangible ways to augment human TPRM efforts with continuous monitoring intelligence.

Contributors: Verizon
Categories: 2023 Fall - Scottsdale, Summit Presentations
SRC Type: Risk Management, Sourcing Management