Did you know that 51% of all data breaches happen through third-party vendors? Find out how third-party risks affect your business and how to mitigate them.
Supply chain resilience is key in a rapidly changing world. With these five tips, you can increase your resilience and more easily adapt without losing business.
Customer due diligence is key for any new business relationship, but you really need it for high-risk transactions like these. Here’s why.
An enhanced due diligence process is a thorough way to assess risk for certain jurisdictions, individuals, and sectors. Here’s when this process matters most.
The Safeguards Rule helps ensure companies take enough measures to protect customers’ data. If your company is affected, you’ll need to take steps to comply.
When comparing a vendor vs. supplier, a main difference is how much you rely on them to fulfill your customers’ needs. Here’s how these roles fit into your operations.
Your vendor selection process is a time for your procurement team to consider your risk appetite, ESG compliance, and more. Take these steps to vet your vendors.
With goals like mitigating risk and increasing supplier loyalty, supplier relationship management can make or break your business. Here’s how it works.
Effective vendor management helps you oversee your supply chain to minimize risks. As you revamp your vendor management strategy, look at these six elements.
Continuous monitoring can help you quickly identify and respond to new and changing threats to your business. Here’s how that can help your entire business.
Your vendors can expose you to operational risks such as security breaches, compliance issues, and more. Follow these tips to protect your business.
To reduce the amount of inherent risk you take on when working with third parties, use these tools as you decide which companies are best to work with.
Vendor risk management helps you protect your business against everything from reputational to political risks. Here’s how it works within these risk categories.
Assessing ESG risks for your vendors helps you ensure your company is compliant. Here’s how to understand ESG risks among your suppliers.
Vendor risk assessments strengthen your responsiveness to threats, protecting your finances and reputation. Your assessment should include questions like these.
Vendor scorecards help you assess the value of your third parties. Follow these steps to create meaningful scorecards that help you navigate supplier relations.
To avoid vendor concentration risk — relying on too few vendors, fourth-party vendors, or vendors in a specific location — follow these strategies.
When comparing risk appetite vs. risk tolerance statements, one is useful for overarching strategy, while the other relates to specific actions.
When conducting a vendor OFAC check, you should find out what percentage of a potential third party is owned by blocked persons or entities. Here’s how it works.
A great supplier onboarding process is efficient, mitigates risk, and encourages strong relationships. Here are a few steps, tools, and practices to take note of.
As the world increasingly focuses on sustainability and ethics, it’s wise to form an ESG strategy that impacts daily operations. Here’s how to do it.
Supply chain risk management works best with full team participation, a centralized platform, and automation. Get your risk mitigation up to par with these tips.
Following an ESG framework helps you prioritize certain metrics for sustainability. Here are the most popular ones and how they relate to vendor management.
When comparing SOC 1 vs. SOC 2, SOC 1 focuses on financial reporting while SOC 2 looks at data security. Here’s how these reports work with supplier onboarding.
Integrated risk management (IRM) focuses on departments working together to protect the organization from risks. In IRM, risk-aware culture is key.
A secure third-party risk management strategy can help mitigate your company’s risk. Keep these steps and best practices in mind as you create your strategy.
Developing a streamlined reporting system for ESG metrics supports your third party risk management strategy. Here’s how to navigate the process.
Global content cloud platform, Box, sparks a cultural shift around procurement–and achieves visibility in Supplier Lifecycle Management with Certa.
Certa officially announces the release of Studio 2.0, the new and improved workflow design tool that allows business users to build third-party solutions with drag and drop ease!
Introducing the future of Procurement! Read about the key features that will help you create workflows yourself with the ease of Certa Studio 2.0's drag-and-drop functionalities.
If you're a healthcare business, then it's important to be aware of the third-party risks that come with doing business with vendors.
One of the key benefits of TPRM is that it can help organizations manage their overall risk exposure.
Environmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments.
In our latest blog, we explore how data and analytics fuel digital transformation in procurement.
In this blog post, we'll discuss six common third-party risks that you need to be aware of. We'll also provide tips for mitigating these risks.
In this blog post, we will discuss 4 of the best practices for third party risk management. By following these tips, you can rest assured that your business is taking the necessary precautions to protect itself from potential harm.
In this article, we will discuss some of the key TPRM trends and challenges that organizations face.
We’re delighted to announce our Series A investment, totaling $15 million, led by Point72 Ventures with participation from tech visionary Justin Kan, Dropbox co-founder and CEO, Drew Houston, Mantis VC, and others.
TPRM is a necessary process for all organizations, even if your vendors don’t have access to sensitive data.
In a world where we outsource more and more of our business to key third-party players, it’s important to manage your business risks along with these rewarding partnerships.
Modern business relies on key relationships with your supply chain, vendors, and other third parties. Yet every single one of those relationships is also a potential risk for your organization.
How do you create an effective third-party onboarding strategy? You need to strike the right balance between internal security and data protection, and the need to empower everyone to get the job done.
As we become a more global marketplace, with a variety of vendors who may not even be on the same continent as us, vendor risk assessment is becoming a key business practice.
Certa's updates: welcome Marc Goldberg to the Certa family, requests anything from procurement, and wizardify steps within your workflows. Click here to learn how these features will benefit you.
Central Intake Form Onboarding has never been easier. With the central intake form, users can initiate and fulfil requests with just a few clicks. This streamlines the process of looking for, and onboarding, a solution to satisfy your business needs.
It’s important to be aware of supplier risks so that you can avoid a simple mistake from turning into a major financial problem. In this post we''ll
In this blog post, we will discuss common vendor risks and how they affect your business.
In this post we'll discuss some of the primary benefits of third party monitoring.
Third-Party Monitoring, Explained In this blog post, we will discuss what third party vendor monitoring is, why you need it, and the different types of Third Party Monitoring Mechanisms.
In this blog post we will discuss what TPRM is and why it's so important for businesses today.
Certa's new features include Personalized Homepage, Risk Ranking, Workflow Progress Roadmap. Click on the page to learn
Employing a third party can be a complex, information heavy and multi-layered task. Click on the page to learn how Etsy is managing these
Managing suppliers does not end with vetting them prior to signing a contract. It requires oversight and communication as long as the
Certa's new features include Workflow PDF and Comments, and fuzzy search. To learn more about how these features benefit you, click
A conversation between Marc Goldberg, Vice President, Financial Shared Services at Dun & Bradstreet, and Jag Lamba, CEO, and founder of