Effective third-party risk management – delivering a competitive advantage

By LSEG

12/12/2024

LSEG’s new webinar series, Meet the Experts: Supply Chain Edition, features experts covering various risk management topics. The first webinar was in collaboration with their trusted partner Aravo, a leading supplier of third-party management software and solutions. 

Managing risks introduced by third parties is more challenging than ever. Companies depend heavily on partners for critical operations, but these relationships can expose them to financial crime, ESG concerns, information security breaches, and more. Traditional tools like spreadsheets and basic questionnaires often fall short, leaving gaps that technology can help address.

By leveraging automated solutions and risk intelligence, teams can better prioritize threats and allocate resources efficiently. Screening and enhanced due diligence (EDD) play key roles, with EDD providing deeper analysis for high-risk entities, ensuring informed decision-making.

Effective third-party management isn’t just about compliance, it can drive resilience, improve processes, and support ESG goals.

Learn more about risk-based approaches and the tools that make it possible.

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