Sustaining a pharma company’s good name with third-party risk management
Sustaining a pharma company’s good name with third-party risk management
4 PagesWho We W orked With A global pharmaceutical company with suppliers and third parties around the world. What the company needed With regulators around the world taking greater interest in third-party risk management (TPRM), the company needed to improve the way it assessed its thousands of vendors. It needed to ensure they complied with relevant laws and regulations, and with its own corporate standards. But it lacked standard processes and couldn’t provide timely or accurate risk reports, nor keep up with the volumes of assessments that were needed. ho W We helped Genpact defined and put into practice a scalable TPRM process for checking third parties against the company’s standards of excellence. What the company got The company is now able to assess nearly 100% of its third part
