Your business relies on a myriad of large and small third-party suppliers. Your procurement process ensures rigorous due diligence, supplier selection and contract negotiation and formation. Your Service Level Agreements (SLA's) contain robust and actionable rights and obligations and monthly performance dashboards provide line of sight - ensuring you are getting the products and services you bargained for. However - your suppliers have many masters and their commitment to your objectives, priorities and standards are not always aligned. How do you ensure a regular independent assessment of your 'actual' risk exposure with this supplier is within acceptable limits.
We can leverage our team's extensive contractual and supplier risk experience with deep enterprise and technology risk expertise to act on your behalf in the assessment of supplier risk. Allow us to work with your teams to exercise your contractual rights to review your supplier's risks, independent of those who manage the relationship day to day. Maintain strong operating partnerships with key suppliers while benefitting from a short, sharp, but insightful independent assessment of the risks you are exposed to through that supplier. Whether it be Privacy, IT Security, Regulatory, AML/CTF, Business Continuity, Data, or overall reputational risk, we can identify current and emerging risk exposures that you can remediate to ensure a sustainable partnership, that delivers what you are paying for.
Our team can help you:
Whichever service or support we deliver, we will provide you with a report that presents a meaningful view of your organisation's supplier risk management and the measures required to safeguard your business. The report includes: