Building Supplier Resilience for BFSI: A Sector Perspective

Supplier disruptions due to financial risks, geopolitical issues, extreme weather events, and cyberattacks create a complex environment for BFSI organizations. To minimize losses effectively, these organizations need to get better at predicting and responding to unexpected changes, focusing on Supplier Risk Resilience for BFSI.

But many banks and financial institutions have a long way to go when it comes to proactively managing supplier risk. Gartner reveals a lack of visibility into supplier risks among CPOs, hindering their ability to balance uncertainty and meet business outcomes.

This white paper explores the imperative of Supplier Risk and Performance Management (SRPM) against the backdrop of current challenges within the BFSI space, offering insights to equip BFSI leaders in navigating these complexities proactively.

Our whitepaper on “Supplier Resilience for BFSI” includes:

• Driving Supply Assurance in a Risky Landscape
  Why BFSI firms struggle to proficiently manage supplier risk.
• The Strategic Role of SRPM in Building Risk Resilience
  An introduction to SRPM and its benefits for BFSI firms.
• The Need for an Integrated Approach to SRPM in the BFSI Industry
  How to go about SRPM implementation.
• The Role of Technology in Effective SRPM Implementation
  Highlighting the  importance of robust technology  in implementing a supplier risk management system.

Unlocking resilience to risks in the complex world of BFSI is made simple with Zycus. Download our whitepaper on Supplier Risk Resilience for BFSI to learn more!