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"The Business Value of Third-party Risk Management Software"

As organizations scale digitally, third-party relationships multiply, with two-thirds managing over 5,000 vendors. Specialized TPRM software cuts vendor assessment costs by 75% while streamlining compliance in security, privacy, and ESG. Read this white paper to see how automated risk management boosts operational efficiency.

Modern businesses face growing complexity in managing third-party relationships, with two-thirds reporting over 5,000 vendor partnerships. This growth introduces risks in cybersecurity, compliance, and operations, impacting financial performance and reputation.

This white paper explores how Third-Party Risk Management (TPRM) software mitigates these challenges through automation. Key insights include:

• Annual cost savings of up to $223,200 via automated vendor assessments
• Benefits in reporting, procurement, and compliance automation
• Features like regulatory intelligence and continuous monitoring

Learn more in the full white paper.

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