Gartner helped the client develop a TPRM maturity roadmap consisting of sixteen defined activities, spanning five key improvement areas and three processes requiring automation to optimize and streamline execution.
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Client Story
Strengthen Your Third-Party Risk Management Processes
Mission-critical priority
The Chief Risk Officer of a leading banking, finance and insurance company tasked their risk function to optimize and streamline the organization's TPRM assessment processes.
How Gartner helped
Gartner offered advisory support along with best practice case studies and insights to locate gaps in TPRM maturity and uncover areas to grow the capacity of TPRM resources.
Business impact
Gartner assessed TRPM program to identify five key focus areas to mature and highlight three process areas suitable for automation to save time and increase resource capacity.
Industry
Banking, Finance and Insurance
Revenue
Approx. $1.43B
Employees
> 7,500
