To succeed in third-party risk management, you must create a sound business model that includes assessments, due diligence, contractual standardization, reporting, oversight, ongoing monitoring, and more.
When done right, a third-party risk management program can be a valuable strategic asset. However, it's sometimes necessary to push your organization to ensure that you have a sufficient third-party risk budget.
Download the infographic to learn:
- The importance of a third-party risk budget
- What to consider as budget season approaches
- Reasons to help support the need of a third-party risk budget
