Technology can be a central component of an organization's operational risk management strategy. The efficiency of your overall third-party risk management (TPRM) program can be determined by how well you use technology to evaluate and manage risk. You need to know which capabilities to look for in a TPRM solution ---- and how to navigate common tech strategy challenges.
Armed with the right information, you can develop a solid technology strategy to efficiently manage risk while providing valuable insights to inform your decision making.
Read "Building a technology strategy for managing third party risks" to understand:
The right TPRM technology strategy helps drive process efficiency, transparency and consistency –– enabling key stakeholders to make informed and timely third party risk decisions. Third Party Tracker, a PwC product, is one solution that provides a full-service approach to help you screen and manage third parties throughout the TPRM lifecycle.
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