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The Key Pillars of Third-Party Risk Management

ivalua

Third-party Risk Management (TPRM) within Services organizations, especially Financial Services (FSI), has become critical over the last few years. Some of this is due to regulation but a lot is simply due to the increase in risk occurrences of varying types and the increasing complexity of third- party relationships.

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3 Ways Procurement Can Help Grow Revenues (Part 2)

ivalua

Manage categories like a financial portfolio. Too much risk management focuses on assessing individual supplier risk, with category assessments simply the sum of supplier assessments. It is critical to consider risk diversity in a category, with alternate sources of supply ideally being exposed to different risks.

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A red light for corruption: How the Dominican Republic is using open data, better processes & collaboration to fight corruption

Open Contracting Partnership

Public contracts matter, he says: “The government allocates 32% of the country’s budget towards goods, services, and public works, to secure the rights and enhance the quality of life for citizens. DGCP trained staff on public procurement, risk management, and supplier due diligence.