As our unpredictable world becomes more complex, interdependent and dangerous, it’s becoming harder to manage third-party risk. Traditional financial and operational risks seem like the good old days. Now procurement has to manage, mitigate and avoid risks as disparate as conflict minerals, cybercrime, natural disasters, resource depletion and many others.
The most important and effective thing you can do is to increase insight into and across all your third-party contracts, supplier base and extended supply chain. After all, you can’t manage what you don’t know.
In this report, you’ll learn how linking CLM and SIM will help you manage third-party risk and achieve the visibility and control you need to:
- Create a consistent and streamlined single source of truth
- Eliminate unqualified suppliers and enforce compliance with CLM
- Quickly aggregate, parse and analyze data by combining CLM and SIM
- Digitize and automate processes for efficiency and force multiplier effect
Download the white paper now and learn what you need to know about managing third-party risk by linking CLM with SIM.