Third-Party Risk Management: Aligning Supplier Onboarding to Contract Onboarding
Determine, SIG and Protiviti have posted an on-demand webinar discussing best practices for initiating third-party risk efforts by improving the integration of supplier onboarding and contract management.
Organizations of all sizes and industries are wrestling with how to improve third-party risk management efforts, Determine says on its website. The challenge often comes from a disconnect between processes that are spread out among a wide number of stakeholders; supplier due diligence, ensuring contract compliance, monitoring, renewing or even terminating supplier relationships.
By aligning processes and technology for quick adoption, you’ll have the ability to easily connect the dots between suppliers and contracts and procurement processes, the presenters say.
Topics include:
- Looking at issues around transition from onboarding to contract award
- Addressing the challenges of defining a “contract owner”
- Improving supplier and contract visibility in an environment of constant change
- Preventing the onboarding of suppliers with expired certifications, or the renewal of contracts with non-performing suppliers
