Blog

Third Party Risk Management in the Dynamic of Business Scale, Complexity, and Change

Why TPRM objectives fail – and what Global 2000 companies need to succeed

Even though large organizations have invested time, attention, and resources into third party risk management (TPRM) over the past decade, it’s clear that many programs are failing to deliver on their primary objective - keeping the organization safe.

DOWNLOAD THE WHITE PAPER

Read More

Topics: Anti-bribery & Anti-corruption, risk and compliance, third party risk management, Data Security & Privacy, Responsible Sourcing, Global 2000, compliance risk, tprm, business complexity, scale, business change, business scale, white paper, third parties

What do I need to ask when buying a Third Party Risk Management (TPRM) solution?

Third party risk management is a complex discipline, that combined with the scale, complexity, and change dynamics of any Global 2000 organization, can often lead to false starts with technology implementations.

It’s important to get enterprise software purchase decisions right – they are the fulcrum of successful third party risk programs for the business, they impact on the adoption and performance of many internal users across the enterprise, and they can have an impact on the careers of those selecting them.

DOWNLOAD THE BUYER'S GUIDE

Read More

Topics: FCPA, risk and compliance, Anti-Bribery and Anti-Corruption, OCC, third party risk management, Data Security & Privacy, Registration & Qualification, Conflict Minerals, GDPR, General Data Protection Regulation, aravo, ABAC, risk mitigation, sustainable procurement, regulatory risk, tprm

How To Build a Business Case for Better Third Party Risk Management

Boards of directors together with their C-suite teams have begun to realize just how little risk information they actually have about their third party relationships, and how fragmented that information can be across an organization of even a modest size. 

DOWNLOAD THE WHITE PAPER

Read More

Topics: Anti-bribery & Anti-corruption, risk and compliance, Financial Services, third party risk management, automotive, Aerospace & Defense, Chemicals, Industrial Manufacturing, Metals & Mining, business case, Business Services, Construction, High Technology, Pharmaceutical & Life Sciences, Retail, how to

The DOJ’s “Evaluation of Corporate Compliance Programs”

Guidance for your FCPA Programs

On the 8th of February the Fraud Section of the DOJ released fresh guidance in the form of its “Evaluation of Corporate Compliance Programs,” which provides a list of questions that prosecutors will typically ask about a compliance program.

Read More

Topics: FCPA, risk and compliance, Third Party Management, Global 2000, DOJ, KYTP

French ABAC Laws: Sapin 2

France Adopts ABAC Laws and Joins Global Efforts at Combatting Corruption

France has the sixth largest economy in the world, but it has never prosecuted a French company for corruption in a foreign country. That work has been left to countries such as the United States, which fined French oil company Total $398 million for Anti-Bribery/Anti-Corruption (ABAC) violations in 2013 and the French power and transportation company Alstom $772 million for ABAC violations in 2015. The lack of anti-corruption scrutiny French companies received at home might explain why France ranks only 23rd in Transparency International’s Corruption Perceptions Index for 2015.

Read More

Topics: Anti-bribery & Anti-corruption, risk and compliance, Anti-Bribery and Anti-Corruption, third party risk management, aravo, ABAC, France, Sapin 2

Enabling 360 Degree Insight and Control of Third Party Relationships

The modern organization is a complex web of relationships and interactions that span traditional business boundaries. Over half of the organization’s ‘insiders’ are no longer traditional employees, but rather third parties: suppliers, vendors, service providers, consultants, etc.  Complexity grows as these interconnected relationships, processes, and systems nest themselves in layers of subcontracting.

Read More

Topics: risk and compliance, third party relationships