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Brad Hibbert on Prevalent’s 2024 Third Party Risk Management Report

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Manage episode 424026368 series 2494693
Content provided by Thomas Fox. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Thomas Fox or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Welcome to the award-winning FCPA Compliance Report, the longest running podcast in compliance. In this edition of the FCPA Compliance Report, I have a take a deep dive into the Prevalent 2024 Third Party Risk Management Report with Brad Hibbert, the Chief Strategy Officer and COO at Prevalent.

Hibbert drives Prevalent’s product vision and strategy development, which draws from the Third Party Risk Management Report. The Prevalent Report outlines the complexities of managing third-party vendor relationships, highlighting the various phases involved such as onboarding, contracting, and offboarding. It examines the inefficiencies and risks that arise from fragmented processes and technologies handled by different teams. Our conversation explores how these challenges impact risk visibility and resource management, emphasizing the downstream effects on program scalability and decision-making.

Highlights in this Episode

· Introduction to Vendor Relationship Phases

· Challenges in Managing Vendor Relationships

· Inefficiencies and Risks in Vendor Management

· Impact on Risk Visibility and Decision Making

· Pressure on Teams and Resource Implications

Resources

Brad Hibbert on LinkedIn

Prevalent

Prevalent’s 2024 Third Party Risk Management Report

Tom Fox

Instagram

Facebook

YouTube

Twitter

LinkedIn

For more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance, click here.

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

1506 episodes

Artwork
iconShare
 
Manage episode 424026368 series 2494693
Content provided by Thomas Fox. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Thomas Fox or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Welcome to the award-winning FCPA Compliance Report, the longest running podcast in compliance. In this edition of the FCPA Compliance Report, I have a take a deep dive into the Prevalent 2024 Third Party Risk Management Report with Brad Hibbert, the Chief Strategy Officer and COO at Prevalent.

Hibbert drives Prevalent’s product vision and strategy development, which draws from the Third Party Risk Management Report. The Prevalent Report outlines the complexities of managing third-party vendor relationships, highlighting the various phases involved such as onboarding, contracting, and offboarding. It examines the inefficiencies and risks that arise from fragmented processes and technologies handled by different teams. Our conversation explores how these challenges impact risk visibility and resource management, emphasizing the downstream effects on program scalability and decision-making.

Highlights in this Episode

· Introduction to Vendor Relationship Phases

· Challenges in Managing Vendor Relationships

· Inefficiencies and Risks in Vendor Management

· Impact on Risk Visibility and Decision Making

· Pressure on Teams and Resource Implications

Resources

Brad Hibbert on LinkedIn

Prevalent

Prevalent’s 2024 Third Party Risk Management Report

Tom Fox

Instagram

Facebook

YouTube

Twitter

LinkedIn

For more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance, click here.

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

1506 episodes

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