Braddon Consulting’s Post

ICYMI: How contract management solutions support risk management: #ContractlifecyclemanagementCLM providers may be best known for their repositories, clause libraries, obligation management features and authoring. However, risk is a major element of the contract lifecycle. Whether this is due to a contract being written on third-party paper or a particular redline/edit that does not align with the company’s playbook, CLM solutions use both internal and external tools to assess risks. Here, we explore the overlap of these types of solutions. The post How contract management solutions support risk management appeared first on Spend Matters.

How contract management solutions support risk management: #ContractlifecyclemanagementCLM providers may be best known for their repositories, clause libraries, obligation management features and authoring. However, risk is a major element of the contract lifecycle. Whether this is due to a contract being written on third-party paper or a particular redline/edit that does not align with the company’s playbook, CLM solutions use both internal and external tools to assess risks. Here, we explore the overlap of these types of solutions. The post How contract management solutions support risk management appeared first on Spend Matters.

Elevate your risk management strategy with IRM+. By integrating advanced technology with IRM, organizations can realize: Streamlined processes and improved user experiences, Data-driven insights for proactive risk management, A comprehensive view of risk profiles, Reduced costs in risk management operations. IRM+ is the future, merging modern technology with integrated risk management to empower businesses. Embrace the change for operational excellence. https://lnkd.in/eVmCfKQX

In today's complex business environment, a strategic approach to Third-Party Risk Management (TPRM) governance and oversight is not just beneficial—it's critical for organizational resilience and success. Effective TPRM governance and oversight involves seamlessly blending people, processes, and technology. This leads to a strategy that empowers organizations to manage vendor risk efficiently. It also ensures that stakeholders understand the value of TPRM and can readily track program performance over time. The following Ten Tips to Improve Governance and Oversight of Third-Party Risk Management whitepaper explores the essential components and best practices for robust TPRM governance and oversight. This guide is your blueprint for developing a TPRM program that aligns with industry standards and organizational goals. Want to know more?

Best Practices: Third-Party Risk Management (TPRM) In the modern interconnected business landscape, third-party relationships are essential for growth and efficiency. However, they also bring inherent risks that can impact a company's reputation, operations, and bottom line. That's where REDE Consulting's Third-Party Risk Management (TPRM) solution on ServiceNow platform comes into play. TPRM refers to the strategies and processes companies use to identify, assess, and mitigate risks associated with their third-party partners, vendors, and suppliers. https://lnkd.in/dm-hsF_t #TPRM #riskmanagement #bestpractices #thirdpartyrisk #businessgrowth #efficiency #reputationmanagement #operationsmanagement #supplychainrisk #vendorrisk #RedeConsulting #IRMGRC #ITOM #ITAM #ServiceNowStaffing

Best Practices: Third-Party Risk Management (TPRM) In the modern interconnected business landscape, third-party relationships are essential for growth and efficiency. However, they also bring inherent risks that can impact a company's reputation, operations, and bottom line. That's where REDE Consulting's Third-Party Risk Management (TPRM) solution on ServiceNow platform comes into play. TPRM refers to the strategies and processes companies use to identify, assess, and mitigate risks associated with their third-party partners, vendors, and suppliers. https://lnkd.in/dSRi2Jzf #TPRM #riskmanagement #bestpractices #thirdpartyrisk #businessgrowth #efficiency #reputationmanagement #operationsmanagement #supplychainrisk #vendorrisk #RedeConsulting #IRMGRC #ITOM #ITAM #ServiceNowStaffing

Best Practices: Third-Party Risk Management (TPRM) In the modern interconnected business landscape, third-party relationships are essential for growth and efficiency. However, they also bring inherent risks that can impact a company's reputation, operations, and bottom line. That's where REDE Consulting's Third-Party Risk Management (TPRM) solution on ServiceNow platform comes into play. TPRM refers to the strategies and processes companies use to identify, assess, and mitigate risks associated with their third-party partners, vendors, and suppliers. https://lnkd.in/dSRi2Jzf #TPRM #riskmanagement #bestpractices #thirdpartyrisk #businessgrowth #efficiency #reputationmanagement #operationsmanagement #supplychainrisk #vendorrisk #RedeConsulting #IRMGRC #ITOM #ITAM #ServiceNowStaffing

Best Practices: Third-Party Risk Management (TPRM) In the modern interconnected business landscape, third-party relationships are essential for growth and efficiency. However, they also bring inherent risks that can impact a company's reputation, operations, and bottom line. That's where REDE Consulting's Third-Party Risk Management (TPRM) solution on ServiceNow platform comes into play. TPRM refers to the strategies and processes companies use to identify, assess, and mitigate risks associated with their third-party partners, vendors, and suppliers. https://lnkd.in/dEB5iraw #TPRM #riskmanagement #bestpractices #thirdpartyrisk #businessgrowth #efficiency #reputationmanagement #operationsmanagement #supplychainrisk #vendorrisk #RedeConsulting #IRMGRC #ITOM #ITAM #ServiceNowStaffing

Risk Management - ISO 3100 ISO 3100 Principles: 1.Risk management establishes and sustains value. 2.Risk management is an integral part of all organizational processes. 3.Risk management is part of decision making. 4.Risk management explicitly addresses uncertainty. 5.Risk management is systematic, structured, and timely. 6.Risk management is integrated with the main activities and processes of the organization. 7.Risk management is structured and comprehensive. 8.Risk management is customized, inclusive, and dynamic. 9.Risk management uses the best available information. 10.Risk management considers human and cultural factors. 11.Risk management is subject to continual improvement. Use SysRisk for ISO 3100 compliance: www.sysonex.com/sysrisk #riskmanagement #bankingindustry #ESG

This workshop is designed to provide you with the knowledge necessary to effectively design and enhance integrated GRC activities across your organization. Workshop Objectives: Understand the concepts of Governance, Risk management and Compliance ( GRC) Understand the regulatory environment. Apply Risk- based approach. Develop and implement a governance,risk management and compliance strategic plan. Understand,define and enhance organizational culture as its relates to performance, risk and compliance. Implement governance,risk management and compliance processes that are effective and efficient using risk- based audit approach. Book a slot!!!