What is a Third Party?
Third-Party risk exists in every organization and can be a cumbersome process to manage. RSI takes on this critical task through automation and expert assessor services.
When we think of third parties, we commonly associate the term “vendor.” While a vendor is a third party, there are others to consider when we talk about the third party risk landscape. Among them are vendors and suppliers, Service providers such as IT services, businesses services, and transportation, Strategic partners like brokers, consultants and resellers, Professional firms like legal accounting, and business operations, Also contractors and demand-side partners, and joint ventures and alliances.