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Extended Enterprise Risk Management

Maximise revenue, mitigate risks, & strengthen relationships

In a globalised business environment, no company is an island. The ecosystem of a typical company comprises an exceedingly large number of entities with which the company does business, including customers, partners, agents, affiliates, vendors and service providers. Taken together, these third parties constitute what we have termed “the extended enterprise.”

What Is Extended Enterprise Risk Management

Extended enterprise risk management (EERM) is the practice of anticipating and managing exposures associated with third parties across the organisation’s full range of operations as well as optimising the value delivered by the third-party ecosystem.

Some organisations may use more than 10 000 third parties to meet their business objectives. Do you know who you are doing business with?