How Does High Inflation Affect for Third Party Risk Management?

With inflation (still) on the rise, it’s more important than ever that companies know if their suppliers are at risk of going under. Firms need to know if their invoices are going to be paid, or if suppliers will continue to provide them with essential goods or services. Given the serious challenges posed by high levels of inflation, it’s little wonder that, according to KPMG, 85% of businesses now believe that Third-Party Risk Management (TPRM) is a strategic priority.

In this white paper we share our views on what challenges high inflation pose for Third Party Risk Management and why utilizing NLP technology to obtain real-time insights into what’s happening in your supply chain is an innovative – and effective – way to manage your risk in these difficult times.