Tag: CFO

Manage Third Parties With Cutting-Edge Technology – CFO Journal.

To address weaknesses in global supply chains exposed by the pandemic, a growing number of organizations are exploring technology solutions to improve their approaches to third-party management.

Significant disruption caused by COVID-19 has become a catalyst for many organizations to reconsider several aspects of how they manage third parties that provide goods and services critical to operations. With large multinational organizations often relying on hundreds or thousands of third parties—including fourth, fifth, or sixth parties—the risks of such extended enterprises went on full display when operations and shipments were curtailed amid efforts to protect people from the virus.

While

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