AI in Third Party Management -Why it Matters

Learn how AI-powered 4CRisk products accelerate third-party risk management processes.

September 13, 2024

12:00 PM EST

Speakers:

Michael Rasmussen

GRC 20/20 Research, LLC

The GRC Pundit & Analyst

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Tom Garrubba

Third Party Management Executive

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Ashley Jacobs

Western Alliance Bank

Sr. Vendor Risk Professional

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Supra Appikonda

4CRisk.ai

Co-Founder and COO

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Susan Palm

4CRisk.ai

Chief Revenue Officer

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Synopsis

TPM teams, IT, Security, Boards and Regulators all have third-party risk at the top of mind today. As the recent global CrowdStrike outage so clearly demonstrated, the world is hyper-connected. Whether we are working with suppliers, service providers, contractors, third-party agents or other vendors, organizations are focused on ensuring that risks are managed rapidly and effectively in the virtual TPM eco-system.

We can help you quickly assess the control efficacy of your third parties, given new threats and risks. Join our webinar and let us show you how we can take all of your internal control documents and map them against SOCII, PCI reports and even laws.

Organizations need to show alignment with these international standards, not only to be compliant and keep their organizations secure, but also to give assurances to their customers, partners and regulators.

Join our panel of industry experts including Michael Rasmussen from GRC 20/20, Ashley Jacobs from Western Alliance Bank and Tom Garrubba along with 4CRisk executives Supra Appikonda and Susan Palm as they share how organizations can leverage AI to accomplish Third-party assessments faster and with more efficiency – in days rather than months.

Attendees of this webinar will gain awareness of how their organizations can:

Understand the Challenge: What Third-party, IT and Security teams must do to address top priorities by leveraging frameworks to ensure adequate controls are in place across their virtual eco-systems.
Deep Dive into the Use Cases: See how 4CRisk.ai’s AI-Powered products help organizations understand how their vendors comply with their internal obligations, policy and control framework by comparing vendor documents, such as SOCII, in days, rather than months.
Imagine More Use Cases: How TPM professionals can use AI to compare their compliance program by comparing their vendors’ contract drift from their external obligations to their internal control environment by matching rulebooks (regulations, rules, and laws) to applicable governance artifacts (policies, procedures, contracts and controls.
See The Benefits: Quickly understand opportunities to use the power of AI to lower the burden of repetitive and tedious manual work on your third party, regulatory, risk, and compliance professionals.

Agenda:

Introductions - 5 mins
Challenges in Third Party Risk - 15 mins
How AI Can Make a Difference - 5 mins
4CRisk Demonstration - 15 mins
Discussion - 10 mins
- Use Cases in Third-Party Management
- Measuring ROI and Delivering Value
- AI Governance
Questions & Answers - 5 mins