We help clients evaluate and manage the risks associated with the extended enterprise, or the ecosystem of third parties in which organisations' operate. We offer services to help maximise the performance of the extended enterprise and optimise software assets through point-in-time solutions and ongoing managed service solutions.
For many organisations, their third-party ecosystem, or “extended enterprise”, is an important source of business value and strategic advantage.
Today, many organisations are increasingly dependent on third parties for business operations that are critical, sensitive and customer-facing. As this dependence increases, so does the associated financial, reputational and regulatory risks across geographies. Without visibility into the environment, operation, or performance of third parties, companies face an incomplete understanding of risks associated with those relationships.
Failure Third Party Risk Managementand Gap Analysis
Organisations are using thousands of external third parties to meet their business objectives and stay competitive. With a significant reliance on the third party relationships comes an increased exposure to a growing portfolio of risks, cost, performance and regulatory pressure, which needs to be managed in a systematic and controlled way. Deloitte has invested significantly in what we believe is the leading Third Party Risk Management (TPRM) practice globally. We have the scale, breadth and depth of capability to provide advisory services, risk and compliance inspections and what we believe is the first fully end to end managed service for helping our clients deliver their TPRM activities. Our services span from diagnosing existing TPRM capability; designing TPRM frameworks; building and configuring TPRM tools; deploying TPRM across an organisation; and maintainance and operations. We help organizations assess the causes of the compliance breakdown and identify the gaps in policies, procedures, controls and governance to be remediated.