Vendor due diligence is becoming increasingly important, especially in the financial industry. Auditors are taking a close look at not only your company, but the company you keep. Effective vendor management programs protect your institution by ensuring your vendors are adhering to all applicable compliance requirements.
Eliminate cumbersome spreadsheets & get real-time risk management
Vendor Solutions is our hosted, automated due diligence program. It meets all compliance standards and is backed by compliance industry experts. Vendor Solutions is easy to use, low cost, efficient, and delivers real-time risk management.
Additional Portals Available
VendorSolutions.org now has two additional portals, IT and Client facing. The additional features are listed on the back. Additional Portals Include:
Client Portal
- Store & Manage Client Contracts
- Store & Manage Policies
- Create Reports
- Maintain Audit & Compliance
IT Maintenance Portal
- Create Maintenance Tickets
- Log all products & devices for inventory
- Create incidence reports
- Scheduled Maintenance Calendar with automatic email notifications
Automatic Alerts and Notices
The alerts and notices section allows you to easily see contracts that are coming due, those that are incomplete, and vendors you have flagged.
Automated Risk Management
Each vendor is given a risk score using an algorithm that calculates based on vendor importance, information provided, and you own due diligence.
Vendor Dashboard
The Vendor Solutions Dashboard pro¬vides information about the health of your third-party contracts, specifically those that need attention.
Vendor Tabs
The Vendor Tab allows you to efficiently manage third party vendor relationships, upload contracts, set due dates and more.
Wide Range of Reports
Pull reports based on contract expiration dates, review dates, risk scores, decision makers, renewal dates and more