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A Buyer’s Guide to Third-Party Risk Management Solutions

Capabilities to look for and questions to ask

This buyers guide looks at the strategic underpinnings of a best practice approach to third-party risk management (TPRM), including:

  • The TPRM life-cycle
  • TPRM-related compliance programs
  • Core TPRM functionality
  • Important “30,000 feet high” questions

It then provides a deep-dive into the seven key areas for consideration when assessing third-party risk management solutions:

  • Configuration
  • Integration
  • Usability
  • Third party engagement
  • Management
  • Analysis
  • Technical questions

The buyer’s guide to third party risk management is an invaluable resource for organizations assessing their TPRM program and technology requirements. With more than 120 questions and points of evaluation – it will help organizations keep a strong focus on both their strategy for third-party risk management, as well as their tactical requirements when exploring the purchase of a new solution.

 

Aravo White Paper - A Buyer's Guide to Third-Party Risk Management Solutions

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