In today’s complex market, companies are more often turning to specialized contractors and third-party service providers to focus on core activities. However, many organizations have learned this practice comes with a certain measure of risk. Whether a professional service provider makes an honest mistake or technology service provider encounters a cyberattack seizing operations, it introduces a level of risk that must be addressed.
A well-designed third-party risk management program allows you to get maximum value with minimal risk. Which is why at RSM, we take a holistic approach to assessing risk and developing a customized approach tailored to your unique third-party strategy and business goals. Our comprehensive methodology for managing third-party risk helps you address major sources of risk, including strategic, compliance, operational, transactional, environment social governance and reputational.