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Rocky Road

7 Elements of an Effective Third-Party Risk Management and Governance Framework for Financial Services Providers

The increasing complexity of functions in the financial services sector necessitates specialization. This, in turn, has given rise to large-scale outsourcing and partnering by banking, insurance, and financial service providers to a growing number of third parties. According to the 2021 World Retail Banking Report, banks are rethinking IT spending priorities by outsourcing up to […]

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Supplier Portal

Key Elements of the Next Generation Supplier Portals

The business landscape went through a drastic disruption and transformation due to the COVID-19 pandemic, and supplier management has taken center stage for enterprises to ensure supply chain agility and organizational resilience. The performance of supplier relationships and effective communication and collaboration are significant factors for supply chain success, and a supplier portal is a

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Booster Shot for your IT Partner/Supplier Ecosystem

The COVID-19 pandemic and its rapid impact on the global economy have made it crucial for enterprises to be adaptable and responsive to changes. Enterprises are now turning to their third-party IT Partner/Supplier ecosystem to effectively adapt and react in the fast-paced & highly competitive business landscape. The IT suppliers have enabled enterprises to scale

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Optimizing Third-Party Supplier Relationships with a Supplier Portal

The quality of your supplier/vendor relationships determines the success of your supply chain. Especially, in this time of disruption & transformation, optimizing your supplier relationships is crucial for an agile supply chain and a resilient enterprise. However, most enterprises have multiple systems for managing different aspects of their supply chain. These disparate systems create data

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