MADRID, June 24 (Portaltic/EP) –
GlobalSuite Solutions, An expert company in Government, Risk and Compliance (GRC) solutions, has just presented GlobalSuite TPRM, a new software that allows you to automatically manage the risks associated with third parties.
The software’ GlobalSuite TPRM (Third Party Risk Management, in its acronym in English) is designed to address the needs of companies in relation to risk management with third parties, as collaborators, suppliers or partners, since they generate an important impact on the strategy of any organization.
Although they are essential to ensure the smooth running of the business, these relationships also imply the appearance of certain risks. such as regulatory non-compliance or increased cyber vulnerabilities.
In this context, GlobalSuite TPRM is presented as a complete and scalable solution that facilitates the implementation, management and optimization of supplier management processes in a business environment that is increasingly interconnected and more dependent on a wide network of suppliers and partners.
As explained by GlobalSuite, it helps make operations more efficient. safe and compliant and also, enhances resilience and operational efficiency of a company, ensuring sustainable growth, which increases the company’s reputation and represents a competitive advantage over its competitors.
This is possible because it allows approval and categorization of third parties, classifying suppliers according to the operations they carry out in the organization. It also carries out continuous evaluations of the risks associated with each third party, applying controls to mitigate them, and facilitates monitoring of regulatory compliance by third parties, centralizing evidence of compliance. In addition, manage incidents through customizable workflows.
