Managing third-party risk is vital to every business’ reputation and long-term success. But with growing regulatory requirements, compliance skills shortages and numerous potential sources of information, managing third-party risk as an organisation can feel like a very painful process.
It doesn’t, however, have to be this way. Data, and more critically automation, can enable compliance teams to meet the growing challenges they face, while protecting and even delivering additional value for the business. But the potential of these technologies is new to many in the industry and understandably can feel very unfamiliar.
In our eBook (authored with the International Compliance Association), we outline ten common myths about managing third-party risk that can often contribute to the challenge of compliance, and we offer insight into how data and automation can help.
Download the eBook below to debunk myths such as:
- “Growing regulatory demands inevitable strain our team and our skills”
- “Customers will always share the burden of compliance checks”
- “Compliance will always be seen as a cost-center for the business”