Risk management: Is your fourth party a hidden area of risk?
When it comes to monitoring and assessing fourth parties, almost 80% of organisations rely on their third parties. Is it good enough? CT looks at the challenges for treasuries.
Many corporations prohibit the use of fourth parties outright, but supply chains are often so long, contracts so arcane and the need to sub-contract various elements of a task so great that fourth parties are now an unavoidable reality.
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