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Third Party Risk and the Contractual Life Cycle

SIG Speaks

SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate Tim Thompson discusses the life-cycle of Third-Party relationships and how they fluctuate in the business world. Entering a contract with a Third Party happens every day in the business world.

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Contract Compliance Audit: Overview, Benefits & How AI is Helping

SirionLabs

For example, companies usually schedule annual or quarterly compliance audits to examine: Agreement parameters: Clauses, contractual obligations, service level agreements, payment terms, project milestones, deliverables, etc. Supplier audits can also complement third-party contract performance assessments.