Vendor Management Technology to Improve Oversight and Minimize the Risk of Third-party Relationships.
The risks associated with third-party relationships are many — operational, transactional, reputational, liquidity and strategic. Without adequate vendor management controls in place, financial institutions are at risk.
Our vendor management solutions — VendorComply and VendorRisk are designed to mitigate the risks inherent in your vendor relationships. The entire life-cycle of vendor management is tracked by our system to assess risk on an on-going basis, eliminating the need for high-priced outsourcing, legal and consulting fees. Our technology provides the tools you need to manage your vendors at each stage of the vendor management life-cycle, all in one secure, user-friendly dashboard.
For financial institutions that want to control and automate all aspects of your mandated processes — Risk, Compliance, and Vendor Management, we offer ContinuityPlus, our full suite of technology and consulting services. When combined, this integrated platform helps financial institutions move away from a “silo” approach, by avoiding an unmanageable number of governance, risk and compliance (GRC) related requirements.