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Case study
How Teva Pharmaceutical is managing third-party risk better
The company is using data analytics and workflow design to re-engineer compliance as a driving force for better decision-making and change.
Your business challenge
In the Transformative Age, businesses that are able to make smart decisions at pace thrive. And there aren’t any decisions more important than choosing whom you partner with.
The most agile organizations work with multiple third parties in order to stay competitive. All these relationships are important, but each one adds risk: cyber risk, regulatory risk, brand risk, etc.
Solution benefits
EY teams offer a complete spectrum of broad services that help enable better decisions about whom you work with and how you manage your third-party risk. Solution benefits include:
- A proactive, centralized approach to help you develop and enhance your program and monitor unforeseen risks.
- Ability to implement and integrate systems and technologies to help manage your third-party population across the relationship lifecycle.
- Increased efficiency and cost savings that enable growth, confidence and trust.