This comprehensive guide outlines five strategic principles for building effective Third-Party Risk Management programs, covering program scope definition, automation strategy, assessment methodologies, cross-functional governance, and reporting frameworks.

"After one conversation, we helped a large enterprise eliminate close to 90% of manual TPRM work by unlocking their existing platform's full capabilities. The reality is unlocking the technology you already own often delivers more value than buying something new."

Dan Harms, Co-Founder, FLLR Consulting

External Contributors:

• Matthew Moog, Principal, Risk Managed Services, EY

• Jaymin Desai, Technical GRC Product Marketing Director, OneTrust

• Mitchell Wahl, Strategic Alliances and Channel Sales, Black Kite

Key Takeaways:

• Process-First Philosophy - Emphasizing core insights about understanding workflows before automation

• Intelligence-Driven Assessment - Highlighting real-time cyber intelligence over traditional point-in-time evaluations

• Parallel Collaboration - Capturing key insight about transforming waterfall processes into parallel workflows for speed and strategic decision-making