Manage Risk With Third-Party Program Consulting
With third parties more intricately embedded in today’s business organizations, conventional vendor and supplier risk management tools are often inadequate. Crowe Horwath offers a range of third-party program consulting services to help you assess your third-party risk management programs and optimize their implementation to achieve compliance with regulations, effectively manage risk, and improve expense control.
Today’s Third-Party Risk Program Concerns
Businesses in closely regulated industries generally have a third-party risk policy in place – but most recognize their programs are far from optimal. Revised regulatory guidance or other events often trigger the need for a third-party program review and the follow-up activities to implement necessary upgrades.
In less closely regulated industries, third-party risk management often consists of disconnected sourcing, procurement, and vendor management activities that are ill-suited for today’s numerous, complex relationships.
Crowe Services and Solutions
Crowe offers a range of services to help optimize third-party risk management, including:
- Maturity assessments
- Compliance and effectiveness evaluations
- Efficiency and optimization projects
- Technology enablement
- Third-party resolution planning (living will)
- Third-party program design and documentation
- Improvement planning and road maps
Our goal is to help you establish a consistent, predictable, repeatable third-party risk management program that’s sustainable in the long term, and adds value beyond compliance alone.