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Outsourcing Management

Financial services organizations can outsource processes and systems, but maintain full responsibility for the risks resulting from their operations. As a result, these organizations must proactively enforce compliance with the banking regulations throughout their entire chain of suppliers in outsourcing scenarios.

What added value does Outsourcing Management provide?

An established outsourcing risk management process helps companies achieve the objectives that drive success.

Achieve standardization

Implement a standardized approach to evaluate and categorize all suppliers/contractors.

Define critical outsourcing

Identify outsourcing that is critical for the organization.

Implement risk management

Detect and manage all significant risks related to outsourcing including: regulatory risks and requirements, legal and contract risks, quality risks, operational and process risks, reputational risks, and business continuity risks.

What should be considered in Outsourcing Management?

As part of the implementation, relevant challenges should be considered at an early stage in order to ensure success.

Challenges

What are the advantages of an Outsourcing software solution?

Our Outsourcing Management software risk2value enables the development of a future-proof, efficient management system.

Outsourcing Management mit risk2value

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    The international financial services company LGT has been using risk2value for several years. Read the review here.

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    Implementing a risk event database at LGT

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    Ronald Prahs

    SOLUTION EXPERT