Key capabilities of risk management solutions (Part 1) — Enabling and supporting capabilities
Spend Matters
OCTOBER 30, 2024
As part of our series on all aspects of risk management, we are taking a look at the digital capabilities of risk solutions (supplier risk management, TPRM and SCRM). Although the underlying capabilities vary from one segment to another, the high-level capabilities can be divided into: Enabling and supporting capabilities: Risk data modeling (breadth, depth, granularity); Best practices and guidance (as a service and in the application); Analytics and AI for simulations and reporting; Orchestrat
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