e-Book: Goals of a modernized TPRM program

Companies have shown a willingness to invest in technology to enhance their third-party risk management (TPRM) efforts. But that doesn’t mean new opportunities don’t remain.

A survey conducted by Big Four firm KPMG last year found less than half (46 percent) of all TPRM tasks were being automated. Respondents projected the number of TPRM tasks supported by automation would rise to 58 percent within three years.

Two managing directors at KPMG discussed TPRM programs and technology modernization during a webcast sponsored by software vendor ServiceNow and moderated by Compliance Week in September. This e-Book summarizes the conversation, exploring:

• Best practices for determining TPRM focus areas
• Common challenges faced by companies in their TPRM efforts
• The impact of technology on improving TPRM processes

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