Welcome to the award-winning FCPA Compliance Report, the longest running podcast in compliance. In this special episode, I am joined by Alastair Parr, SVP of Global Products & Delivery at Prevalent to discuss developments in third-party risk management. In this episode we consider:

·      Why is a comprehensive 3rd risk management solution not simply a nice to have but a must to have now? 

·      Why is 3rd party risk management so much critical after the pandemic and the Russian invasion of Ukraine?

·      Improving the UX for TPRM.

·      Why has simplifying the UX for TPRM eluded most providers so far?

·      How can the UX be improved so the information which is the most vital and most relevant is captured and more importantly can be actioned?

·      How can the process of obtaining TPRM information to implementing controls to manage the risk be improved?

·      How can companies automate data gathering by using a single targeted assessment by building in targeted compliance mappings for legal or regulatory requirements?

·      Other areas of compliance such as modern slavery and human trafficking?

·      The continued evolution of 3rd party risk management into 2025 and beyond.

Resources

Alastair Parr on LinkedIn

Prevalent

Being a Compliance Officer is Awesome on Amazon.com

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