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Global Compliance Survey 2025
Explore insights from our global compliance survey to enhance your compliance strategy. Drive growth in a complex business environment with PwC today.
Many organisations depend on third party service providers for a range of critical services and support including hosting or managing financial and non-financial information, providing critical business functions and delivering on major infrastructure initiatives.
You can stay competitive by using multiple customer and vendor relationships and accessing specialised solutions and skills. However, this advantage offers challenges around protecting your reputational, financial, operational and compliance requirements as your dependence on third parties increases.
Your management, board and shareholders demand confidence in the controls and compliance capabilities of suppliers, vendors and service organisations. They expect that you have the processes in place to effectively oversee third party arrangements.
The scope and complexity of third party relationships have continued to increase as organisations outsource, build capital projects, enter into joint ventures and invest abroad.
Most face the ongoing challenge of maintaining value from contracts and transactions with third parties. This is especially true when the services, products and contractual terms involved are complex, difficult to understand and lack transparency.
Our Commercial Assurance practice enables organisations to quickly identify improvement opportunities including savings opportunities resulting in greater value now, and also reap the benefits of process enhancements, knowledge transfer and ongoing assurance needed to sustain value across the contract lifecycle. Our experience shows that there are significant financial and operational benefits from a structured approach to managing these critical third party relationships.
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Explore insights from our global compliance survey to enhance your compliance strategy. Drive growth in a complex business environment with PwC today.
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This article looks at how Specialisation, Scarcity, Humanity and Rivalry are creating workforce upheavals for businesses today that companies must factor in when creating their workforce strategy.
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Shifting compliance activities from having high costs on customer experience, finances and culture to building trust, enhancing resilience with technology and supporting competitive advantage.