In a world that is not only globally connected but volatile and unpredictable too, robust third party management (TPRM) has become more essential than ever.
Businesses need the reassurance and resilience that only a strong supplier risk management process enabled through technology can bring. The nature of the challenge is changing rapidly due to several factors in combination:
- Increased exposure to digital risks with remote working and more technologies integrated into the supply chain than ever before.
- Increased regulatory landscape and consumer expectations enforcing supplier risk processes along with heavy financial costs associated with non-compliance.
- Desire for insightful, real time risk reporting of supplier risks & coverage of critical risk areas such as IT, sustainability & diversity to align with organisations’ long term business objectives.
Our Powered Procurement - Risk offering has modernised Procurement and supplier risk management. A uniquely powerful combination of KPMG’s proven functional transformation solution (Powered Enterprise) with Coupa’s globally leading Risk Assess solution can automate and embed leading practice supplier risk processes into the entire Procurement.
Download our report to learn how you can embrace procurement transformation.
Powered Procurement Risk
Why is managing your supplier risk critical?
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