Source Intelligence Network: Innovation in User Experience for Third Party Management
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The haphazard department and document centric approaches for third party management of the past compound the problem and do not solve it. It is time for organizations to step back and define a cross-functional and coordinated approach to manage and monitor third party relationships. Organizations need an approach to third party management that enables them to manage the ecosystem of third party relationships with real-time information about third party performance, risk, and compliance and how it impacts the organization. The Source Intelligence Network is a GRC solution that GRC 20/20 has researched, evaluated, and reviewed with organizations that are using it in dynamic and distributed business environments. GRC 20/20 has evaluated and verified the innovation found in Source Intelligence and sees this as a compelling offering for managing risk and compliance in organizations with complex and distributed third party relationships. With an intuitive user experience, Source Intelligence makes organizations more efficient, effective, and agile in managing and monitoring third party relationships as it provides a network of organizations and suppliers becoming a LinkedIn for supply chains and business relationships. In this context, GRC 20/20 has recognized Source Intelligence with a 2015 GRC Innovation Award for the best user experience in Third Party Management in 2015.
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Description
Description
Source Intelligence Network
Innovation in User Experience for Third Party Management
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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