Navigating the complexities of Third-Party Risk Management with the experts

On November 23, 2022, CoreStream GRC, alongside our sister company VinciWorks, hosted an expert-led webinar on third-party risk management (TPRM). The session was designed to tackle the most pressing questions about extended enterprise management and provide actionable insights for mitigating risks.

The webinar featured expert insights from Paul Cadwallader, SVP of CoreStream, Nick Henderson, Director of Learning at VinciWorks, and Gary Yantin, Director of Best Practice at VinciWorks, who shared their extensive experience in third-party risk management and best practices for mitigating vendor risks.

If you missed the live session, don’t worry — the webinar is now available on demand- just fill in the form in the corner to access. Below, we’ve recapped the key highlights and explored how CoreStream GRC’s Third Party Risk Management solution can help organizations safeguard their operations.

Webinar highlights

During the session, we covered:

• The scope of third-party and vendor risk management: Understanding how these processes extend throughout the supply chain.
• Depth of risk management efforts: Determining how far down the supply chain to go when assessing third-party risks.
• Key risk factors: Identifying the critical risks to monitor when working with external partners.
• Data collection essentials: Understanding what information to gather from third parties to assess and mitigate risk effectively.
• Attendee Q&A: Our experts answered real-time questions from participants, providing valuable guidance tailored to attendee needs.

CoreStream GRC’s Third-Party Risk Management solution

At CoreStream GRC, we recognize that every organization’s risk management needs are unique. That’s why our Third-Party Risk Management solution is built on a flexible and intuitive platform, offering an agile approach tailored to your requirements.

Recently praised by leading GRC (Governance, Risk, and Compliance) analysts for its adaptability and effectiveness, the CoreStream GRC Third Party Risk Management solution is designed to help organizations simplify and strengthen their third-party risk processes.

Key features of the CoreStream GRC Third Party Risk Management solution

• Third-party segmentation: Categorize third parties based on your unique risk model.

• Risk-based workflows: Automatically trigger different levels of assessments based on the risk profile of each third party.
• Data collection tools: Create and distribute tailored questionnaires and data request forms.
• Sanctions and adverse media screening: Continuously monitor for regulatory compliance and reputational risks.
• Comprehensive due diligence: Dive deep into all risk domains using trusted data sources that suit your needs.
• Actionable insights: Access dashboards and reports that provide an at-a-glance view of your third-party risk landscape.

Access the third-party risk management webinar on-demand

Whether you’re in the early stages of building a third-party risk program or refining an existing approach, this webinar provides practical tips to help you succeed. Watch the webinar to gain a deeper understanding of the challenges and opportunities in managing third-party risks and learn how CoreStream GRC’s TPRM solution can help you address them effectively. Fill in the pop up form to get started.

See the Third-Party Risk Management solution in action – book a demo

Interested in seeing how CoreStream GRC’s TPRM solution can transform your risk management approach? Book a personalized demo today. Simply fill out the short form on here, and a member of our team will get in touch.

Don’t let third-party risks catch you off guard. Empower your business with CoreStream GRC’s flexible and intuitive Third Party Risk Management solution.

About Paul Cadwallader

Paul is the SVP of Client Solutions and Client Success at CoreStream GRC, where he’s not just helping clients succeed—he’s challenging them to rethink what’s possible in governance, risk, and compliance. With over 25 years of experience in the GRC space and a background as a former Deloitte Partner, Paul has a knack for transforming complex requirements into powerful solutions that drive real business impact. At CoreStream GRC, he empowers clients to leverage the platform’s flexible, integrated capabilities to not just meet their goals, but exceed them. Paul’s approach isn’t about playing it safe; it’s about pushing boundaries and delivering what was committed.

Connect with Paul here.