Best Practices for Third-Party Risk Management RFPs

With third-party risk management escalating up the board agenda you might now have the commitment for funding and are looking towards taking an RFP to market. Yet, with the wide range of third-party risk and compliance exposures out there, 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.

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.

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 TPRM
• Critical capabilities of third-party management software solutions
• What differentiates basic, common, & advanced solutions
• Considerations in selection of TPRM solutions
• Building a business case for better TPRM
• Is an RFP always the best approach? What is the alternative?

Speakers

Michael Rasmussen
Principal Analyst
GRC 20/20

Dave Rusher
SVP, Product Strategy and Alliances
Aravo Solutions