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How to Define a Third Party Management Process Lifecycle
2016-07-19 @ 10:00 am - 11:00 am CDT
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Third party management processes are a part and subset of overall business processes. Processes are used to manage and monitor the ever-changing relationship, risk, and regulatory environments in extended business relationships.
Join GRC experts Michael Rasmussen, Principal Analyst at GRC 20/20, and Dave Rusher, SVP Product Strategy & Alliances at Aravo, as they present an Executive Insights Series on managing third-party risk and compliance. Each webinar is at 8am PST / 11am EST / 3pm GMT and is valuable individually.
Part 2 of the webinar series evaluates the following stages of a third party management lifecycle:
- Ongoing context monitoring
- Third party identification & onboarding
- Third party communications & attestations
- Third party monitoring & assessment
- Forms & approvals
- Metrics & reporting
- Third party re-evaluation
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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.
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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.