Transforming third-party risk management in life sciences

SPN2391

A leading Life Sciences company transformed its third-party risk management with ServiceNow and the help of KPMG. Automation streamlined risk assessments, reduced manual errors, and enhanced real-time monitoring of third-party engagements. A new vendor portal facilitated seamless communication with vendors, improving risk identification and mitigation. Advanced analytics provided deeper insights into potential vulnerabilities, ensuring proactive risk management. By modernizing TPRM, the company strengthened regulatory compliance and established a resilient, scalable risk management framework.