Fortrex Technologies, Inc. developed VendorPoint™ with one simple goal in mind: help companies reduce stress, cost and complexity associated with managing risks when engaging third party providers.

Many financial institutions lack formalized vendor management procedures and controls for managing the risk posed by third party providers and the services they perform. Organizations continue to use inefficient, labor intensive processes that do little to help identify, measure, monitor and control these risks.

VendorPoint™ is the first turn-key vendor due-diligence and Operational Risk management solution that quickly enables any institution to meet FFIEC requirements and industry best-business practices for vendor management.

Institutions can now easily identify, measure, monitor and control all third party risk, no matter the risk category - compliance, country, credit, operational, reputational, strategic and transactional.

Next: VendorPoint™ Overview