Organisations were already facing challenges when effectively managing risks related to third party provided services and this has been a key area of focus during the coronavirus (COVID-19) pandemic for organisations of all sizes and in all sectors.
The COVID-19 pandemic has shown organisations and their third party service providers maintained continuity, but it has also shown a broader need for organisations to increase management of third party risk. Our whitepaper explores the key issues, drivers for change and what changes organisations can undertake to evolve their programmes.
In this whitepaper, the PwC EMEA TPRM Centre of Excellence looks ahead to see how organisations can take into account the lessons learnt from COVID-19, the digital transformation agenda, programme challenges, and the regulatory agenda and asks “is now the time to focus on TPRM”. The whitepaper explores how organisations can move into a holistic and converged way of managing the myriad of risks posed by third party service providers for value protection and value creation through identification of those third parties which create value to your organisation, their strategic partners.