SIG Webinar: Protect Your Brand and Bottom Line from Third-Party Risk Watch Now

COUPA THIRD-PARTY RISK MANAGEMENT

Mitigate Third-Party Risk
Reduce Compliance Costs

COUPA THIRD-PARTY RISK MANAGEMENT

Mitigate Third-Party Risk
Reduce Compliance Costs

Assess and Mitigate 3rd-Party Risk Across Multiple Risk Domains

Ditch the spreadsheets and start using data-driven workflows to assess your supply base on critical third party risk domains from InfoSec to ABAC and more, improving efficiency while protecting your brand and bottom line.

ASSESS THIRD-PARTY RELATIONSHIPS


Understanding what third party is doing and why, intelligently identifying and making an assessment of risk exposure.

MINIMIZE SUPPLY RISK THROUGHOUT THE VALUE CHAIN


Develop a multi-level third party risk assessment model that includes each third party and their relevant fourth parties.

MANAGE RISK PROACTIVELY


Communicate risk to decision makers and maintain regulatory compliance while reducing compliance costs.

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UNDERSTAND RELATIONSHIPS AND RISKS

Gather internal information on exactly what the third party is doing, why, and what resources they will have access to.

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GET THE RIGHT DATA

Based on what the third party is doing and the risks identified, use domain-specific templates to gather the right information for risk mitigation and compliance.

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MANAGE MULTIPLE RISK DOMAINS

Get the right information, model risk, and ensure third party compliance across InfoSec, Anti-Bribery Anti-Corruption (ABAC), GDPR, and many other domains—even as new domains emerge.

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DEVELOP MULTI-TIER RISK MODELS

Extend data gathering and risk modeling to include third and fourth parties to ensure compliance and effective risk management.

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PROACTIVELY MITIGATE RISK

Take action to de-risk the base of third parties, managing corrective action plans as needed and transitioning spend away from high-risk suppliers where appropriate.

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DRIVE OFF-BOARDING COMPLIANCE

Ensure compliance with contractual terms for off-boarding—such return of sensitive data—while streamlining termination and transition and maintaining auditable records.

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CASE STUDY: BANK OF MONTREAL (BMO)

During the pandemic, BMO used their digital platform to quickly deploy a coronavirus risk assessme nt to understand the measures their suppliers and third-parties have taken to stay safe and resilient. With this data at hand, the bank’s team has been able to take acti on and easily respond to external inquiries on pandemic preparedness risk.

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