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Proactive Risk Management: The Key to Handling Uncertainty
Tuesday, September 29, 2020 9:00 AM PDT | 12:00 PM EDT | 6:00 PM CEST | 9:30 PM IST Duration: 1.0 hour
In today’s business climate characterized by VUCA (volatility, uncertainty, complexity, and ambiguity), enterprise risk management has become crucial. In commercial relationships, buyers and suppliers are exposed to a variety of risks and need robust measures to safeguard business interests.
The data required to monitor and proactively address these risks are found in contracts. Yet today’s governance, risk, and compliance (GRC) tools are incapable of handling contractual and performance risks and are therefore reactive in nature. This is no longer sustainable. Companies need a mature supply chain and risk management capabilities to remain resilient amid uncertainty.
In this webinar, Vivek Bharti, General Manager – Product Management, Product and Delivery Team, will discuss the practical steps needed to craft a strategy to proactively manage and mitigate risks emerging from both contracts and supply chain.
In this webinar, we will cover:
- Effectively using AI and questionnaires to identify and assess risk
- Tracking and monitoring risk
- Optimizing results by gaining insights from reports and dashboards
General Manager – Product Management Product and Delivery Team