Posted: 09/21/2019 - 08:47
Can you outline why your team embarked on this project and the problem that needed to be solved?
Our Procurement team took over the process to identify vendor inherent risk from our Third Party Risk Management (TPRM) group. The process we acquired was driven by email and shared drive folders. We were receiving an average of 70 emails per week, and this manual, high volume process was ripe for human error.