Have a listen to this fantastic chat with Brad Hibbert, Chief Operating Officer & Chief Strategy Officer of Prevalent, a leader in third party risk management.

With all organisations looking for ways to streamline operations and focus on their core skillsets, there has been a massive uptake over recent years in outsourcing / co-sourcing or just plain contracting out elements of the business.

Whilst this realises many efficiency / cost benefits, you can't outsource the organisations responsibilities or legal obligations. Most importantly, any incidents / errors by the third party often lead to reputational damage to your own organisation.

Brad talks about the methodology they use to qualify third party providers - including an initial assessment process and then ongoing monitoring - providing a 360-degree risk profile of your third-party vendors.

A must listen for any organisation relying on third party providers! Contact details for Prevalent are below:

Third-Party Vendor Risk Management Solutions | Prevalent

Contact ABM Risk Partnership to optimise your risk management approach:

• email us: info@abmrisk.com.au
• Tweet us at @4RiskCme
• Visit our LinkedIn page https://www.linkedin.com/company/18394064/admin/

Thanks for listening to the show and please keep your guest suggestions coming!