Have a listen to this fantastic chat with Brad Hibbert, Chief Operating Officer & Chief Strategy Officer of Prevalent, a leader in third party risk management. With all organisations looking for ways to streamline operations and focus on their core skillsets, there has been a massive uptake over recent years in outsourcing / co-sourcing or just plain contracting out elements of the business. Whilst this realises many efficiency / cost benefits, you can't outsource the organisations responsibilities or legal obligations. Most importantly, any incidents / errors by the third party often lead to reputational damage to your own organisation. Brad talks about the methodology they use to qualify third party providers - including an initial assessment process and then ongoing monitoring - providing a 360-degree risk profile of your third-party vendors. A must listen for any organisation relying on third party providers! Contact details for Prevalent are below: Third-Party Vendor Risk Management Solutions | Prevalent Send us a text Contact ABM Risk Partnership to optimise your risk management approach: email us:
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