Challenges of Traditional TPRM | HCLTech

Achieve Enterprise Resilience with Third-Party Risk Management

Globalization has increased dependency on third-party vendors to optimize operational efficiencies, low cost, rapid innovation, and increased competitiveness. This has in turn led to a dramatic rise in the third-party ecosystem. Because of the continuous increase in dependency on the third-party product and services, they have become an essential component of business. At the same time any disruptions caused by suppliers, supplies and services have significant impact on the organization's resilience to continue the business.

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