SIG and ENGAIZ team up to leverage AI technologies to help enterprises strengthen relationships, mitigate risks, control costs, drive performance, and ignite innovation with their third-party suppliers in the world of ‘new normal’.
ENGAIZ a North American technology start-up with offices in Toronto and New York today announced a strategic partnership with Sourcing Industry Group (SIG) the premier global sourcing association that provides thought leadership, networking, and training opportunities to executives in sourcing, procurement, risk, and outsourcing from Fortune 500 and Global 1000 companies.
As part of this partnership, SIG and ENGAIZ will promote a new ‘mindset’ and ‘technology-set’ change, an approach they call ‘the Art and Science of Engagement’ when dealing with third-party relationships. The partnership will offer a practical approach to transforming and fast-tracking maturity of an organization’s Third-Party Governance & Risk Management (TPGRM) program leveraging ENGAIZ’s ground-breaking new AI-Driven Integrated Third-Party Engagement platform.
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“We truly are impressed with ENGAIZ’s unique value proposition for organizations looking to manage, govern and mitigate third-party risks,” says Dawn Tiura, President and CEO of SIG. “This partnership will provide SIG buy-side members with an opportunity that’s not available anywhere else, a virtual transformation workshop that enables their company to build and fast-track a successful Third-Party Governance & Risk Management Program.”
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The partnership will help SIG buy-side members gain exclusive discounted access to ENGAIZ’s platform – a timely arrangement that is expected to help many organizations struggling to deal with their third-party risk management program. The ENGAIZ platform not only helps enterprises mitigate risks such as cybersecurity, data privacy, regulatory, financial, performance, business resiliency but also continuously monitor risk exposure of third parties.
“The global pandemic has put tremendous stress on the first line of defense in dealing with risk exposures related to third parties. Many enterprises are now playing ‘catch-up’ and are awakening to this new reality that requires them to significantly elevate their game,” says Jai Chinnakonda, Founder & CEO of ENGAIZ.
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