Companies have shown a willingness—excitement, even—to invest in technology to enhance their third-party risk management (TPRM) efforts. But that doesn’t mean new opportunities don’t remain.
A survey conducted by Big Four firm KPMG last year found less than half (46 percent) of all TPRM tasks were being automated. The research represented the views of 1,263 senior TPRM professionals across 16 countries worldwide. Respondents projected the number of TPRM tasks supported by automation would rise to 58 percent within three years.
