VendorPoint
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Features & Benefits
Many banks 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 company to meet FFIEC regulated and best-business practice vendor management requirements.

Companies can now easily identify, measure, monitor and manage the 5 most relevant risk categories (compliance, strategic, transactional, reputational and credit) from any system that has access to the internet.

As banks increase their dependence on outsourcing certain aspects of their business to drive increased profits, improve time to market, and focus on core competencies, risk exposure increases proportionally.

Increased internal and external compliance demands require far more due-diligence and proactive management of vendor relations, especially those that process, store or transmit non-public information.

VendorPoint™ is a patent-pending solution which will allow your company to implement a complete vendor management program within 30 days. Everything is included, policies, training, customized software, and reporting. VendorPoint™ ensures regulatory compliance while saving time and money.

The user-friendly web-based architecture and feature rich design will ease the burden of vendor management allowing you to maximize your efficiencies and minimizing your risks. No more clumsy spreadsheets that do little to drive your program or to display risk exposure.
Key Features