Extended Enterprise Risk Management
Maximize revenue, mitigate risks, and strengthen relationships
In today’s hyper-connected marketplace, no one organization can function on its own. But partnerships and alliances don’t come without risk. Deloitte’s extended enterprise risk management (EERM) services evaluate and manage the risks associated with an organization’s extended enterprise—and the ecosystem in which it operates—to ensure that third-party business partners such as outsourcers, licensees, and suppliers are performing to contractual expectations, and to minimize threats to valuable infrastructure and data.
- Extended Enterprise Compliance and Recovery - We work with organizations to identify and manage risks resulting from extended business relationships to enhance value, drive cost savings, manage corporate reputation and audit/legal exposure, and manage compliance—both their own and on the part of the business partner.
- Third-Party Advisory (TPA) - We help organizations maximize value and minimize the risks associated with third-party relationships. Services include the development and implementation of third-party risk management (TPRM) frameworks, and the assessment and management of third-party contracts. Additionally, we provide analytics to enhance third-party risk management, including third-party governance and risk management (TPGRM), contract management and compliance, software asset management, and automotive dealership services.
Risk comes in many forms, but from a business critical standpoint, supply integrity is at risk when expectation of behaviours in the supply chain are not well understood and proactively aligned. Managing risk is critical to the success of the entire organization, and it creeps in where you least expect it.
A desire to be a responsible business that effectively manages social and environmental issues and responsibilities throughout its supply chain, is – for the first time in five years – one of the key reasons companies invest in third-party risk management (TPRM). Deloitte’s fifth annual extended enterprise risk management (EERM) global survey report highlights six key themes, alongside the impact of COVID-19 on managing third-party risk and our predictions for 2020-21.
Cost and revenue recovery can be a strategic linchpin during the COVID-19 crisis. A robust cost and revenue recovery strategy not only helps achieve significant cost and savings benefits, but also enhances an organization’s ability to realize—and fund—extended enterprise goals.
This third annual survey report looks at how global organizations are putting a renewed focus on enhancing EERM amid increasing dependence on third-parties. It also highlights six key areas where most organizations need improvement.