Linking CLM with SIM to Improve Third-Party Risk Management
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Organizations today and for the foreseeable future must have visibility into supplier and third-party operations in order to mitigate risks and achieve compliance. But, that is often easier said than done. The visibility challenge is compounded by the growing volume of data flooding the typical procurement organization from multiple, disparate systems. Spend, supplier, contract, and third-party information can overwhelm organizations’ procurement, contract, and risk management teams and preclude them from taking prudent action. This report will illustrate how integrated, user-friendly Contract Lifecycle Management (“CLM”) and Supplier Information Management (“SIM”) solutions can enable the visibility that supports better third-party risk management and improved compliance.
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