Supplier Third Party Risk Management - Leading Software systems and practices
There is no need to perform third party risk management in an automated fashion where in a new/ existing supplier goes through additional screening to review security, financial and other types of risks associated with the third parties based on latest data available to meet regulations and compliances across the globe. I wanted to know if someone has experience integrating Oracle Cloud with third party software to perform third party risk management and assessment in a fully automated fashion.
We realize that TPRM (Third Party Risk Management) may be critical for some clients to assess new or existing suppliers on a variety of dimensions in an automated fashion and thereby flag certain customers who don't meet the desired targets. Our client is using Aravo as a tool to perform TPRM but they have fully explored the capabilities in Aravo to execute third party risk assessment checks in an automated fashion. Please let us know if you have any other project references where a third party software system has been used for more stringent TPRM checks. Oracle Procurement offers supplier