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Enhancing Third-Party Risk Management with Workflow Automation

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Third-party risk management (TPRM) involves identifying, analyzing, and mitigating risks associated with outsourcing services to third-party vendors or suppliers. This process is crucial for businesses that rely heavily on external entities to deliver critical services or products. Effective TPRM helps ensure operational resilience, safeguard intellectual property, and maintain compliance with regulations. In today’s interconnected business environments, failing to manage third-party risks can l…
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