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Best Practices for Third Party Management RFPs
2018-11-29 @ 11:00 am - 12:00 pm CST
With third party risk management escalating up the board agenda – you might now have commitment for funding for 2019 and be looking towards taking an RFP to market. This webinar featuring Michael Rasmussen of GRC20/20 is designed for you.
With the range of third party risk and compliance exposure relationships (e.g., supplier, vendor, contractors, broker, dealer, agent, outsourcer, service provider) together with the areas of risk exposure that they can bring (Information Security, ABAC, Financial, GDPR, Concentration Risk, EHS), constructing an RPF that captures your key requirements, without being an information overload can be challenging – but it’s important that you get it right.
Third Party Management solutions come with a diverse set of capabilities from a variety of vendors. Some solutions focus on departmental third party issues such as information security, others focus on industry verticals, many focus purely on the due diligence process, many offer modules as part of broader platforms, and a few offer an end-to-end third party management capability.
Recent RFP and inquiry trends that GRC 20/20 is involved with show a growing demand for integrated cross-department third party management solutions. Where there used to be just a few solutions to choose from there are now many with vary capabilities and approaches. It has become a complex segment of the GRC market to navigate, understand, and find the solution(s) that is the perfect fit for your organization.
In this webinar, Michael Rasmussen of GRC 20/20 provides a framework for organizations evaluating or considering third party management solutions. Attendees will learn:
- Defining & Understanding 3rd Party Management
- Critical Capabilities of a 3rd Party Management Solutions
- What Differentiates Basic, Common, & Advanced Solutions
- Considerations in Selection of 3rd Party Management Solutions
- Building a Business Case for 3rd Party Management
GRC 20/20 Presenter
Michael Rasmussen – The GRC Pundit @ GRC 20/20 Research, Michael Rasmussen is an internationally recognized pundit on governance, risk management, and compliance (GRC) – with specific expertise on the topics of GRC strategy, process, information, and technology architectures and solutions. With 23+ years of experience, Michael helps organizations improve GRC processes, design and implement GRC architectures, and select solutions that are effective, efficient, and agile. He is a sought-after keynote speaker, author, and advisor and is noted as the “Father of GRC” — being the first to define and model the GRC market in February 2002 while at Forrester Research, Inc.
Aravo’s mission is to provide continuous innovation and market leadership in Third Party Management solutions. Aravo’s customers are Fortune 1000 executives in procurement, finance, supply chain, compliance, legal and IT departments.
The world’s best-run businesses know that accurate, validated and complete Third Party information and best-practice processes are essential to drive efficient relationship management, manage risk, and ensure compliance across distributed, global networks of suppliers, affiliates, contractors, resellers, brokers, and other Third Parties. Aravo was purpose-built to meet this need.