To remain competitive and in line with market trends, organizations are increasingly attempting to improve management of third parties and suppliers and how they handle vulnerabilities in the various dimensions of their business, mainly with respect to risks that can damage their image and reputation.
The global survey "Third-party governance and risk management: focusing on the climb ahead", conducted by Deloitte, shows how extended enterprise risk management (EERM) has continued to benefit from greater executive awareness allowing organizations to tackle the topic with renewed focus and investment. This is even more important due to the threats of high profile business failure, illegal third-party actions, or regulatory action with punitive fines.
Deloitte’s multidisciplinary market operations cover organizations’ entire value chain. Consequently, it has developed an approach that addresses the main concerns of managers with regard to governance of their third parties and suppliers throughout the entire relationship cycle.
The D-Tracker tool was developed by Deloitte Brazil in response to market trends and the growing importance of the chain of suppliers for companies. The D-Tracker brings more agility in third parties due diligence, as well as reducing operational costs and client-accompaniment through status dashboards, with the aim of helping companies in mitigating the risks related to their suppliers. Besides, the system is highly interactive, providing complete information to clients – from a general overview to a detailed report for each partner (background check, compliance questionnaires, internal questionnaires, and evaluation of documents).
D-Tracker differentials:
Opens in new window