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 webcast, Vivek Bharti, General Manager - Product Management, Product and Delivery Team, discusses the practical steps needed to craft a strategy to proactively manage and mitigate risks emerging from both contracts and supply chain.
General Manager - Product Management Product and Delivery Team