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Credit Suisse : Asset Management Limited

The future of AI-enhanced third-party management

Compliance and risk management is a growing and interesting use case of GenAI for procurement, finance and, of course, legal operations. The technology opens up a wealth of capabilities not previously possible for the procurement practitioner in terms of data availability, end-to-end visibility, cost, time and risk reduction, and ultimately the overall health of the third-party network. Its uptake is only going to grow as organizations begin to rely on its power to tackle big business issues, such as third-party risk management (TPRM).

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