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3 Ways to Drive Value within Your Third-Party Risk Management Program and Beyond

Fusion Risk Management

A ccording to Deloitte’s global third party risk management survey 2022 , 73% of respondents reported having a high level of dependency on third parties – a nd that reliance is predicted to continuously increase which , in turn, means ongoing related challenges.

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Identifying the Optimal Process and Department Level to Perform a Business Impact Analysis

Fusion Risk Management

Business Process: A set of interrelated or interacting activities which transforms inputs to outputs. Critical Business Processes: Activities and operations or a set of activities that cannot be disrupted or be down for more than the tolerable and agreed-upon timeframe. representing multiple business functions.

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Empowering Customers on Their Resilience Journey with a New Model of Compliance

Fusion Risk Management

Fusion’s recently launched compliance capabilities to allow customers to connect everything they’re doing in Fusion, from operational resilience to risk management to the standards, frameworks, and objectives driving those activities. Reach out to your Account Manager to learn more about this new integration!

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Reviewing the Five Types of Risk 

MHA Consulting

During COVID, business tended to focus on only two of the five risk types; however, organizations that want to prosper over the long term need to be cognizant of and plan for all five kinds of risk. This could potentially lead to new operational and financial risks. The prudent planner will take this possibility into account.

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Introducing Fusion’s Dynamic Response Console

Fusion Risk Management

How many different plans need to be activated, and in what order? Activate the right response when it matters most with Dynamic Response Console. Activate Response. Please contact your Account Manager to learn more about how to start using Dynamic Response Console. Review & Edit Response.

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Introducing Fusion’s AlertMedia Connector

Fusion Risk Management

You need to be able to quickly identify key risks and disruption and highlight when and where to activate response strategies immediately. Please contact your Account Manager to learn more about this exciting new integration! The post Introducing Fusion’s AlertMedia Connector appeared first on Fusion Risk Management.

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The Benefits that Actionable Risk Intelligence Provides to Your Extended Enterprise

Fusion Risk Management

Is Risk Intelligence Necessary? Following the compounding crises that have taken place over the last few years, I think we can all agree that a strong third-party risk management (TPRM) program foundation is critical for effective identification of inherent and imposed risks.