A thoughtfully designed and comprehensive enterprise risk management structure can provide value to the organization and executive management. Asureti designs, implements, and operationalizes an organization’s enterprise risk management program and processes. This includes defining risk rating scales, identifying and documenting the organization’s risk universe, performing a baseline or annual assessment of risks, advising and monitoring remediation efforts, and supporting management and board reporting.
Whether it is referred to as third-party risk, vendor management, supply chain management, or something else, organizations must recognize the risks of operating as an extended enterprise. Today’s interconnected business models enable companies to leverage partnerships to manage costs and increase competitive advantage.
Asureti’s Third-Party Risk Management Framework:
Leveraging appropriate tools can provide for streamlined processes and reporting of risk. Asureti can provide risk management program operations with internal client tools or through the Onspring GRC Platform. Inclusion of a GRC technology: